CHATROOM

3 Alibaba Plays To Short After The Hype Wears Off

October 28, 2007 at 11:26 pm
by Timothy Sykes

Watch these 7 free video lessons on how I became a millionaire

When Alibaba.com finally debuts on the Hong Kong stock market on November 6th, a massive first day gain practically guaranteed, several related companies that have been riding high on Alibaba hype might be offer some good shorting. Take a look at how they’ve fared since Alibaba got the OK to IPO on October 5th:

Global Sources (Nasdaq:GSOL), a Chinese B2B web portal has risen 55% from $22 to $34.

Ninetowns (Nasdaq: NINE), a Chinese provider of electronic customs filing services, has risen 50% from $4 to $6.

Yahoo! (Nasdaq: YHOO), an investor in Alibaba, has risen 26% from $27 to $34.

Posted in Uncategorized

No related posts.

  • Brent Lear

    thoughts on TMR?

  • bobbymapp

    $93 profit. I’m not greedy, I won’t turn down free money!

  • PCola

    Tim, I know it’s not your thing, but just scalped NCC for a bounce from 3.03 to 3.27, as you will be able to see on Covestor in the next day or so. Covestor is pretty cool for stuff like that, but it still bugs me that their overall tracking is so poor by not using your cash position as a holding.

  • jonescade

    pcola, how did you know it would bounce? financials scare the crap out of me now. congrats

  • PCola

    Didn’t “know” anything. Took a gamble and won :)

    Alerted by a guy on IHub that’s pretty good. He got in at 3.15, and when I saw it fall another 5% I figrued I’d take a shot. Now at 3.47, so I jumped out way too early. Oh well.

  • das317

    shorted pnc at 52.59. broke through 52 week low today and has not been punished like others. they’re all dogs these days. i know it’s a real company, but i’m riding it down for a bit.

  • http://www.test.timothysykes.com timothysykes
  • PCola

    Grabbed 3,000 shares of WAMU just before the clsoe at 3.19. Volatility makes for some nice quick gains. Already over 3.50 in after hours.