OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Peter Grandich

Posted by pgr2.45 @ 10:16 on September 25, 2014  

“The Alibaba stock market top? It would be ironic if that the day the biggest IPO ever opened, it would coincide with the ultimate top in the U.S. stock market.  In the folk tale Alibaba, Ali Baba is a poor woodcutter who discovers the secret of a thieves’ den, entered with the phrase “Open Sesame”. The thieves learn this, and try to kill Ali Baba.

“Alibaba the stock was brought public by the world’s biggest den of thieves and the public heard their command to “open sesame” their wallets so that the insiders could take away billions in profits from the sale of their shares in a company whose corporate structure shouldn’t be touched with a ten foot pole.

“I saw signs around the opening day of trading I haven’t seen since the height of the Internet craze. I was among many seniors at a luncheon and all many of the men and women could only talk about was their attempt as they spoke to buy shares and how high the stock was going to go. I asked one have they looked how the company is structured and he said he didn’t have to, the stock can’t miss doubling.

~Peter Grandich

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.