Thursday, September 18, 2014

BABA

As the market awaits the IPO of Alibaba tomorrow, it was interesting here to see that the stock symbol for the company on the NYSE will be BABA.  In spoken Chinese language known here, the sound "baba" can be a childhood endearment for "father".  With no power here to be part of this IPO, unless our broker can allocate a nuisance amount, one can only hope that it has the experience of Facebook and Twitter, meaning that after an initial surge the stock drops back into "bargain" territory after the IPO.

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