Alibaba (BABA) starts trading Friday.

[FinancialTerrrrist]

What determines the time an IPO starts trading / why the delay?

Waiting for the market maker to square his book up - with the flood of orders taht may take time. BBG report says they are in no hurry to open this issue. Could be in 10mins or 2 hrs. Take your pick. Trading is waiting.

 

[FinancialTerrrrist]

Perhaps the longer it takes is indicative of the number of orders looking to get filled?
My guess this will sink like a stone at the open. Im usually wrong so expect a rally

 

[JTrades]

The price indicated as Close for BABA is indicative of the opening range. The BABA IPO price was $68. - IB

(thanks for the info - a bit late)

 

[FinancialTerrrrist]

now $88-$90 is the estimate. Someone tweeted a marketable limit for a bag of shares at $199 - some Dennis Dick?? Gotta love the hype.

 

[JTrades]

I got stung on FB, thinking I was clever buying at $30, only for it to fall to 19. Not about to play roulette here, certainly not day 1.

 

[FinancialTerrrrist]

Im just looking at is a day day trade opportunity. I dont really 'trade' stocks, futures are my thing, but I have some spare bullets in an account at lightspeed so thought Id see if anythings doing..... if it ever opens.....

 

[JTrades]

90-91

91-92

92-93

 

[stock777]

5 cnbs anchors has orgasms today reporting alibaba . I'll let u get who it was.

 

[stock777]

expect a huge down es spike as baba sucks every $$$$$ out of the market

 

[JTrades]

YHOO interesting from 41.75 - 42 area?