Comments on: Bought 2000 Alibaba.com Shares

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Mon, 24 Dec 2007 02:45:56 +0000

[...] Sun bought himself 2000 shares of Alibaba.com. [...]

By: Sun

Sun — Fri, 21 Dec 2007 15:18:50 +0000

Linda: Yes, you have to deposit USD first then convert it to HKD. I paid around $11 for the conversion regardless the amount you convert.

By: linda

linda — Thu, 20 Dec 2007 17:59:40 +0000

sun:

how do you use HKD to buy the shares? did you convert your US$ into HKD? any conversion fee?

please explain. thanks

By: STLPlace

STLPlace — Wed, 19 Dec 2007 20:46:20 +0000

Sun,
I certainlly wish Alibaba worked out like LFC did for you. But honestly, I felt it may work out like Baidu (best case scenario) did: BIDU was fully priced during 2005 IPO and it started to exceed first day price until this year?

The thing I am not sure about Alibaba is:

1) The group now has 5 or 6 divisions and Alibaba is one of them. There could be lots of related transactions going on (acct. games), but we don’t know.

2) The slowdown of Chinese exports will affect Alibaba’s business directly.