Baba

[Louetta]

Bought a $70 October call for $19 with the stock at $88.92. Very little premium methinks, of course there's only three weeks to go.

Rolled my (now November) calls out to January for only 18 cents (a share), this for something worth about $40. Very reasonable for something this popular/volatile methinks. Not a bad way to go if you want to do BABA and don't feel like ponying up $110 a share.

[barkleymut]

Baba up 2.51 as I type, I jumped in this morning at 112.98. I plan to keep a very close eye and hair trigger on this one. Last night I went on the alibaba website and while somewhat crude I love what I see. Capitalism at its best!

[billyjoe]

Thanks to Riverbabe for keeping BABA on everyone's radar until the IPO.

----------------billy

[billyjoe]

River, Did I ever tell you of my favorite childhood book?Was only available in China until recently. "See BaBa Run!" JeJeJe.

--------------------billy

[blindsquirrel]

BABA trading at 90 pre-market. A lot of ups and downs on this one since IPO.

[bigtruck]

Down to ~$88. I'm going to wait for the dust to settle and potentially buy more shares. Still think this is a long-term winner.

[Lucavia123]

Down to ~$88. I'm going to wait for the dust to settle and potentially buy more shares. Still think this is a long-term winner.

I'm still holding from 105.00. I too think BABA can be huge in time but we will have to wait awhile to figure that out. I'm just glad I did not put alot of my eggs into this basket before earnings.

[Lucavia123]

BABA is putting money into everything. This will either result in a diverse company with huge success or a dilution of its returns. SOmetime having your fingers in too many pies is not a good thing.

Still... at these levels BABA is attractive... but it's still in a downtrend so waiting might be prudent.

Sadly... I didn't wait and am sitting on 20% loss. Long term hold... long term hope.

[Louetta]

Methinks the IPO was Sept. 19 which means, I guess, the end of a lock-up on or about March 19. Be interesting to see what happens that day.

[blindsquirrel]

I made a note of March 24 after reading an article at IPO (I've forgotten which). I am also curious about that.

[billyjoe]

I see BABA's performance as a conundrum similar to that of FB. Mrs.billy and I both sold at sizeable losses. My daughter held and doubled her money. Unfortunately she only has 2 shares.

-------------billy

[alias2002]

I saw Ali Baba long ago. There was a TV serial weekly I think.

[riverbabe]

Employees and investors will be able to sell 337M Alibaba (NYSE:BABA) shares starting Wednesday, after the stock's first "lock-up" arrangement expires. The termination of the 180-day period will likely weigh on Alibaba’s share price, which may come under pressure in the nearterm, analysts say. There are different lock-up periods for different shareholders, and stock held by its largest shareholders - Softbank (OTCPK:SFTBY), Yahoo (NASDAQ:YHOO) and Alibaba executives - will be frozen until the company's IPO anniversary in September. (from SA)

[bigtruck]

River -- I understand what the lock-up means and people/companies will now be able to sell an additional 337M shares on the market. However, wouldn't this already be priced into the stock since this is common knowledge?

We just don't know what the people/companies will do with their shares: either hold or sell. Hold = price stays the same. Sell = decrease stock price.

[Louetta]

River -- I understand what the lock-up means and people/companies will now be able to sell an additional 337M shares on the market. However, wouldn't this already be priced into the stock since this is common knowledge?

...

If there is an over abundance of sell orders on Wednesday morning this should take the stock down, at least early on. You can't really price that into the market. At that point tho buyers might come in figuring this is a low. At any rate I have bet the stock will go down and so far I am losing.