Forrest Gump 9 Posted September 15, 2014 Report Share Posted September 15, 2014 What's the CR money crew think? I want to be bullish on this, but this year have not been kind to me investing wise, so I'm a little gun shy . With so much publicity in China, Hong Kong, and even here in the US I think this will be a good "hit and run" deal. Let hear your opinions. Quote Link to comment Share on other sites More sharing options...
Exodus Posted September 15, 2014 Report Share Posted September 15, 2014 Not a paper guy myself but i do think the ipo will be huge. I buy from them all the time Quote Link to comment Share on other sites More sharing options...
Supplicium Posted September 15, 2014 Report Share Posted September 15, 2014 valuation nightmare that I dont understand so Ill just watch the fast money get made for the rest of the bagholders to hold. from what I read it is safer just to buy YHOO. Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted September 15, 2014 Report Share Posted September 15, 2014 I've never bought stock before but seriously considering buying 2-3k worth of this just to see what it does. At an initial offering of 60-66 per share (from what I am hearing) I think it has potential to 2x or 3x in the next 2-3 years. I'd highly value someone else's opinion on it though, too. Quote Link to comment Share on other sites More sharing options...
Supplicium Posted September 15, 2014 Report Share Posted September 15, 2014 I've never bought stock before but seriously considering buying 2-3k worth of this just to see what it does. At an initial offering of 60-66 per share (from what I am hearing) I think it has potential to 2x or 3x in the next 2-3 years. I'd highly value someone else's opinion on it though, too. If you can afford it I would go for it. It will trade around ~30x this years estimate for earnings at the open. Amazon fetches 130x+ times current so it very well could double or triple in your time frame much like AMZN did, if they fetch enough people to buy the bid at that kind of valuation like AMZN. I dont like it for the simple fact that YHOO owns stock in it currently worth more than all of YHOO is worth. Which makes no sense to me, or buying stocks with these crazy forward multiples. I think its a good short term trade to play and watch as there will be lots of action the next 2-3 years kinda like FB. Long term its hard for me to hold something like that. Quote Link to comment Share on other sites More sharing options...
Tractor Posted September 15, 2014 Report Share Posted September 15, 2014 I'm there for the pump and dump. Quote Link to comment Share on other sites More sharing options...
Littleguy Posted September 15, 2014 Report Share Posted September 15, 2014 Will I buy the ipo, no way. Under $40 per share and it's time to look at getting in, if you buy in the high $60's/$70's during the ipo, strap in for your roller coaster ride. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted September 16, 2014 Author Report Share Posted September 16, 2014 Will I buy the ipo, no way. Under $40 per share and it's time to look at getting in, if you buy in the high $60's/$70's during the ipo, strap in for your roller coaster ride. Really? Everywhere I read still say undervalue at $70. I'm expecting it to hit $100 the first day. Quote Link to comment Share on other sites More sharing options...
2highpsi Posted September 16, 2014 Report Share Posted September 16, 2014 I will probably have an opening day buy limit order open.. although I don't expect it to execute. Quote Link to comment Share on other sites More sharing options...
Supplicium Posted September 16, 2014 Report Share Posted September 16, 2014 remember fellas this IPO has a shorter lockup period than most. FB I believe was at 180 days and around that time came a ton of volatility. I am trading this for the first 90 days then getting out before lockup expires. My entry order is 30 @ limit 64.65 My guess it plays out, worst down to 55 best up to 95 in those 90 days. We will see Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted September 16, 2014 Report Share Posted September 16, 2014 Someone take my money and help me, ha. I really want to get in on this but don't know exactly what I should be doing. That sounds pretty fucking dumb if you read it out loud. Wow. Quote Link to comment Share on other sites More sharing options...
Littleguy Posted September 16, 2014 Report Share Posted September 16, 2014 That sounds pretty fucking dumb if you read it out loud. Wow. Yes it does, but I guess the only way to know is to wait and see what happens. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted September 18, 2014 Author Report Share Posted September 18, 2014 I will probably have an opening day buy limit order open.. although I don't expect it to execute. remember fellas this IPO has a shorter lockup period than most. FB I believe was at 180 days and around that time came a ton of volatility. I am trading this for the first 90 days then getting out before lockup expires. My entry order is 30 @ limit 64.65 My guess it plays out, worst down to 55 best up to 95 in those 90 days. We will see How do you place order? I tried with my Scottrade account but it wouldn't let me yet. I guess I have to do it on Friday morning? Quote Link to comment Share on other sites More sharing options...
Supplicium Posted September 18, 2014 Report Share Posted September 18, 2014 yes friday at the open Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted September 18, 2014 Author Report Share Posted September 18, 2014 $95 as target price http://finance.yahoo.com/video/bullish-case-baba-120900285.html?.tsrc=applewf Quote Link to comment Share on other sites More sharing options...
Miller Posted September 18, 2014 Report Share Posted September 18, 2014 I'm in for the ride. Quote Link to comment Share on other sites More sharing options...
Supplicium Posted September 18, 2014 Report Share Posted September 18, 2014 y'all buying at market or limit? Quote Link to comment Share on other sites More sharing options...
Mace1647545504 Posted September 18, 2014 Report Share Posted September 18, 2014 If it goes to $100 the first day, I'd short it mace Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted September 19, 2014 Author Report Share Posted September 19, 2014 It's official!! $68. Placed my order at $75. Hope I'll get some. Quote Link to comment Share on other sites More sharing options...
Miller Posted September 19, 2014 Report Share Posted September 19, 2014 Overslept this morning. :fa: Quote Link to comment Share on other sites More sharing options...
Supplicium Posted September 19, 2014 Report Share Posted September 19, 2014 the wealth creation is just wild Quote Link to comment Share on other sites More sharing options...
Littleguy Posted September 19, 2014 Report Share Posted September 19, 2014 Down almost 9% from opening though. Quote Link to comment Share on other sites More sharing options...
Orion Posted September 19, 2014 Report Share Posted September 19, 2014 Everyone who got in at 68 and sold at 95 is happy, though. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted September 19, 2014 Author Report Share Posted September 19, 2014 I set one order at $75 last night and another at $90 this morning and still did not get anything. Oh well, back to the basics. Quote Link to comment Share on other sites More sharing options...
Zx2guy19 Posted September 19, 2014 Report Share Posted September 19, 2014 How did you not get any? When did you have to place the initial order in order to secure it? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.