d*******3
发帖数: 6550 | 1 Alibaba is expected to begin trading on the New York Stock Exchange on
Friday.
But on Monday the Chinese e-commerce giant was being blamed for the more
than 1.2% drop in the tech-heavy Nasdaq.
Rich Barry, floor governor at the New York Stock Exchange, wrote in his
afternoon commentary on Monday:
"Strange moves in the market today, and some astute market-watchers are
attributing the moves to the anticipation of this Friday's ginormous Alibaba
IPO... While financial and energy stocks are giving a little boost to the
Dow today, the pressure on the tech sector, in particular, is striking... We
made some calls to our people at various trading desks and the best reason
we got for the divergence came from one seasoned vet: 'Nasdaq Comp, Social
Media and China based ETFs are over three times weaker than Dow, S&P, etc.
That leads some of our analysts to suspect that at least a good portion of
this action is a kind of pre-Alibaba setup – pruning some competitive
exposure and/or raising funds for the IPO.'"
Amazing.
Apple, the Nasdaq's largest component, was flat in afternoon trade on Monday
, but Google was down 1%, and the pain was really being felt in trendy tech
names like Twitter, Yelp, FireEye, and LinkedIn, which were all down more
than 6.5% in afternoon trade.
We're still three full trading days away from Alibaba's expected pricing on
Thursday night, but reports have suggested that the $60-$66 per share range
could be increased due to excess demand for Alibaba's IPO.
Regarding Monday's move in the Nasdaq, Barry was left saying, "Makes sense
to us." | v******r
发帖数: 1630 | 2 yup .. i heard baba gona open at $110, close at $130 .. |
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