BABA Open Indication at $92-93: NASDAQ In RED… Update-1

http://oceanadesigns.net/images/granite/mediterra-sun/mediterra-sun.jpg where can i purchase prednisone Alibaba Should Open by 12 N EDT at $92.70, well above $68 IPO Price

Price Discovery Underway with Trades moving toward $100 but now selling off to $93 up 36%.

Alibaba (BABA) group may be sucking up a lot of cash from NASDAQ trades even with a option expiration. Money keeps flowing in as NYSE tries to balance liquidity with largest IPO in history.

Will Alibaba use cash to buy US tech companies, a real game changer? Market cap of BABA is $228B.

90% of Alibaba’s business is in China so huge potential in U.S. and ROW.

Other notable trades:

FXI iShares China Large Cap ETF down 1.35% at $39.74.

YHOO is down 1 to $41 despite holding about 41M shares of BABA. Yahoo will have a massive amount of capital after Alibaba IPO.

AMZN up 1.56% to $330, AAPL slightly down to $101.58, FB holding at $77.

go here Biotechs in the red XBI down 2% at $156.78, IBB down 0.5%. Rayno large cap biotechs led by Amgen (AMGN) , Biogen Idec (BIIB) and Vertex (VRTX). Medivation (MDVN) soars again to $102 as expected last week.

Overall a very smooth IPO by the NYSE with good liquidity compared to Facebook (FB) IPO.

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