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I didn't jump on Facebook because it was an unknown for me. I know Facebook, sure. But I wasn't sure how they were going to monetize it. As the stock was dropping like a lead dirigible, I stayed away. I could have bought at the bottom. But at the time, I didn't think it would rebound. Would-a, could-a, should-a -- story of my life.
Alibaba, on the other hand, I know very well. I know exactly how they make their money. And although I think that buying Alibaba means basically buying into the idea of Chinese stability, I'm OK with that. I was just there this year. And things are pretty good in China.
Since I am of the opinion that fiat currency is all Monopoly money anyway, I'm thinking of buying into the IPO. Not huge, of course. But I see very little chance of the stock tanking. Frankly, I see this going in a similar direction as Google. Anytime I want to buy something, there's Alibaba on the search results offering to sell me 10,000 of the things for dirt cheap.
That's my thinking on this one. I'd love to hear the opinion of others.
I didn't jump on Facebook because it was an unknown for me. I know Facebook, sure. But I wasn't sure how they were going to monetize it. As the stock was dropping like a lead dirigible, I stayed away. I could have bought at the bottom. But at the time, I didn't think it would rebound. Would-a, could-a, should-a -- story of my life.
Alibaba, on the other hand, I know very well. I know exactly how they make their money. And although I think that buying Alibaba means basically buying into the idea of Chinese stability, I'm OK with that. I was just there this year. And things are pretty good in China.
Since I am of the opinion that fiat currency is all Monopoly money anyway, I'm thinking of buying into the IPO. Not huge, of course. But I see very little chance of the stock tanking. Frankly, I see this going in a similar direction as Google. Anytime I want to buy something, there's Alibaba on the search results offering to sell me 10,000 of the things for dirt cheap.
That's my thinking on this one. I'd love to hear the opinion of others.
When I purchase an IPO, I want to see massive growth in both revenue and cash flow. I found this little excerpt that speaks volumes, "For the fiscal year ended March 31, Allibaba saw its revenue rise more than 50 percent to $8.45 billion. Its profits, meanwhile, nearly tripled to $3.75 billion."
When I purchase an IPO, I want to see massive growth in both revenue and cash flow. I found this little excerpt that speaks volumes, "For the fiscal year ended March 31, Allibaba saw its revenue rise more than 50 percent to $8.45 billion. Its profits, meanwhile, nearly tripled to $3.75 billion."
Wow, from all the comparisons to ebay and amazon.com I thought Alibaba's revenue would be much higher than that. In that same time period, Amazon had $75 billion in revenue and eBay had $16 billion. Of course they are not growing as quickly (25% increase year to year for Amazon and about 15% for eBay).
Wow, from all the comparisons to ebay and amazon.com I thought Alibaba's revenue would be much higher than that. In that same time period, Amazon had $75 billion in revenue and eBay had $16 billion. Of course they are not growing as quickly (25% increase year to year for Amazon and about 15% for eBay).
If you are luck to be offered any Alibaba and get some it can not be bought on margin so $60-$66 cash. I hear opinions on CNBC that you can also play it thru Yahoo with upside maybe $43-$45 on Yahoo. The most bullish was upside on Yahoo to $50 and then you might want to sell since Yahoo might not invest their Alibaba stake in the best interest of shareholders.
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