
This post was just published on ZYX Buy Change Alert.
Alibaba is the largest Chinese ecommerce firm. It is in the process of conducting an IPO on the New York Stock Exchange. Those subscribers who have good enough relationships with their brokers may consider putting in an order for 200% of the full core position size. It is not yet known exactly what the IPO price will be and when it will start trading. It will trade on NYSE under the symbol BABA. Goldman Sachs (GS) is playing a key role in the underwriting.
For risk control it will be important to put hard stops 6 cents ($0.06) under the IPO price. … Please click here or the title below to read more.