Tuesday, November 6, 2007

Alibabba IPO

Alibabba closesd up almost 300%, valuing the company close to $27 billion with a PE over 300. The WSJ mentioned Global Sources (GSOL 33.44) in the article, and the Motley Fool suggested that Alibabba go and buy them. Watch that number, as it could be in "play" today.

Now you know why I mentioned it yesterday at 32.82. I said it could quickly go to 37 on its way to 44.

Now you know my definition of quickly. It's one day.