I dont think I have ever seen the level of hype and pumping by brokerages surrounding an IPO. Sad things is that every TDH's 401K invested in these trigger happy gamblers.
All this excitement is going to fade after first day.
You simply can not understand this company. There is no way those bloated margins can hold up long term.
There is no way BABA is worth more than 100 billion.
Yahoo is actually lucky to sell big chunk at opening bloated price.
They are pumping (including the super dupper pumper Kramer) BABA valuation to 200 billion with 10 billion revenue and profits that no one can validate.
These fund managers are bunch of psychos.
One day it is worth 96, in 2 days it is worth 80 with no news?
All this is because they had epiphany that they need to raise cash for Alibaba? How long is Alibaba IPO public knowledge? at least 3 months?
Apple pay could earn $0
It is the additional iphone and watch sales that is going to be make an impact.
This is going to be a shocker to a lot of shorts.
Estimates for iphone 6 I am hearing are from 50 million to 90 million. If you take midpoint of 70 million and average price of $750, you are looking at 53 billion revenue for iphone alone.
Add another 20 to 25 billion for ipad, macs and itunes and there you have it.