Alibaba to price shares in a range of $60-66....

[njfan47]

Just announced today through sources on Wall Street. Prediction: first trade available to the public will be in the $80-90 range and it might close on day one, or shortly thereafter, at over $100 share. Longer term (2-3 years), it will be over $200 share.

Update on Alibaba. The $200 prediction in 2-3 years was too optimistic, but the stock did get to $160 on July 27 and currently sits at $151.60, a nice gain from the $55 initial price and even from the opening day bid of $92. The company is pretty much all that it was cracked up to be, and then some. It has a good chance to hit $200 before this bull market is over.

 

[njfan47]

Big week for Alibaba. Company had excellent earnings and revenue growth and closed the week at $167.50, up almost $16. More impressive was that it was up $3.58 yesterday when the NASDAQ and S&P 500 were down.

Only risk now is a communist/liberal/socialist Chinese government stepping in to stop the "madness". Incapabama would have referred to this year-to-date stock price increase of 90.8% as the work of "greedy people". Break the laws and take 50% of the profits for the good guys in the government.