Tuesday, March 3, 2015 11:31 AM EST
Jack Ma has managed to do it again, having made his fortune during the Internet bubble (only to stand aside as all his shareholders got wiped out). He went public again last year to huge fanfare, and with his stock at a lifetime low, 100% of the entire who was blinkered enough to buy his stock has a loss, some of whom having lost over 30% in a matter of months. At least he’s still one handsome sumbitch. Oh, and by the way, this is in the context of a surging Nasdaq near the highest levels of human history.
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – or any credit for the gains – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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Just before we get a stream of pro-Alibaba comments I think everyone should be aware of the existence of the 50 cent army. This is a group of some 300,000 paid commenters from China whose job it is to make China and Chinese companies and interests look good/better.
http://en.wikipedia.org/wiki/50_Cent_Party
Is that for real? Such a thing exists?
MAKING BUSINESS WITH THE CHINESE MEANS ALWAYS GETTING SCREWED!!
Stop typing on your Chinese made keyboard then.
It's the surrounding corruption, lies, web boosting and fake products that make this company and IPO totally suspect. Why does anyone buy cheaply made, fake, substandard products from China anyway? Admittedly I have them but it's because USA doesn't' make those cheap products.
Hedge Funds unloaded it before the year's end and the institutional drag has its own tailwind. We sold it at 113 and bought Yahoo instead as one gets "free" Yahoo, Yahoo (Japan) and some BABA at dirt cheap prices.
Oooh, aren't you clever?
Not sure what your drivel is about. That Jack Ma is out to steal shareholders' money? That BABA is the only stock to ever drop after it's IPO? What kind of argument are you trying to make? Or are you just bitching because you foolishly invested in BABA's IPO, without any way to value it, without any ownership in the actual company (that's right BABA is a shell company for U.S. investors - no voting rights, no legal recourse)? If you are really a managing partner for some kind of investment club, Tim, I really feel sorry for your subscribers.
Investing is a long term venture. Even Facebook shares first plummeted on its initial IPO.