Tuesday, September 9, 2014

Subscribe to Alibaba IPO

Right now, the Alibaba IPO for shares is heavily oversubscribed.  A new subscription attempt to get shares at the IPO indicated price of $60-$66 per share is likely not going to come to fruition.  A better move is to either find an alternative investment, or to wait for the shares to trade on the open market.  At that point, you can still take advantage if the stock price continues to rise, which I believe it can.

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