Ali Baba IPO: The Craziest Hour of My Life

Ali Baba IPO: The Craziest Hour of My Life

When you’re an active trader, you love IPO’s. They are great for cash flow. They take a LOT of practice, because you have to react so quickly, but the risk/reward is astounding as stocks often have very dramatic price swings on its first day of trading. In the past 5 years, the IPO market has been a very good one for active traders giving us weekly opportunity to capitalize on these dramatic price swings. We had gotten our method down to such a science, by the time BABA came around, we were absolutely SALIVATING. This was the golden goose. This was the ONE. We’re thinking this company is so established and has such great fundamentals that the momentum buying is going to be INSANE, it might go 50 points day one like LinkedIn! Am I going to make 50k in an hour today?.....................................................................................................................................................

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