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Ali-ByeBye - Weibo IPO Plunges To Bear Market

Submitted by Tyler Durden on 04/28/2014 11:39 -0400

Just a few brief days ago, Weibo IPO'd "successfully" at the bottom-end of its range ($17) and exploded higher - "proving" that Candy Crush (or take your pick of recent IPO failures) were all one-offs and that 'quality' companies were still in demand. Fast forward 6 days and Weibo just entered a bear-market - down dramatically from its highs over $24 and is nearing its IPO price. There's no data, no news - just selling, in size. Investors stashing cash away for another pop in Alibaba's forthcoming IPO perhaps? Not if market conditions continue to look like this...

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Mon, 04/28/2014 - 11:43 | 4704089 American Dreams

What's a Weibo?

Mon, 04/28/2014 - 11:57 | 4704115 El Oregonian

Wei bo? Or is it Wei broke?

Mon, 04/28/2014 - 12:05 | 4704146 moriarty

Every time I see the name I get this in my head

https://www.youtube.com/watch?v=qq0OQBdIhsc&list=PLBCCBACF7EF5C64CE

Defiantly wobbling but will the adults in charge let it fall down!!

Next up Ali Baba and the forty thieves.

Mon, 04/28/2014 - 17:04 | 4705389 Ghostdog

It's the level between cub scout and boy scout that is purgatory until you place in the pine-wood derby

Mon, 04/28/2014 - 11:44 | 4704090 buzzsaw99

don't worry about insiders, they got plenty

Mon, 04/28/2014 - 11:45 | 4704091 American Dreams

Wei bo need no education, Wei bo need no thought control.

Mon, 04/28/2014 - 11:48 | 4704100 slightlyskeptical

Best post of the day!

Mon, 04/28/2014 - 12:40 | 4704292 Four chan

pretty strong.

Mon, 04/28/2014 - 13:59 | 4704612 Drachma

Wei Bo Wobbles don't fall down!

Mon, 04/28/2014 - 14:08 | 4704655 codecode

http://www.youtube.com/watch?v=qq0OQBdIhsc

Mon, 04/28/2014 - 11:45 | 4704093 ParkAveFlasher

The IPO Dream: Get in on the ground floor! This is a productive, scalable company that adds value in innovative, unique ways in rapidly expanding markets.

The IPO Reality: Here, hold this for me- [runs away]

Mon, 04/28/2014 - 12:28 | 4704233 Vampyroteuthis ...

Most small companies fail near the beginning. Wall St has figured a way to dump the worthless garbage companies onto suckers and make money along the way.

Mon, 04/28/2014 - 11:46 | 4704095 slightlyskeptical

What is the point of this? Trying to out Gartman, Gartman?

Mon, 04/28/2014 - 11:47 | 4704097 Dr. Engali

Too bad I didn't get a sandwich bet on this one too.

Mon, 04/28/2014 - 11:47 | 4704099 youngman

Alibaba will be the biggest IPO ever....they will make it so...but I think it will be the high water mark for IPOs....then the crash....and the fake numbers will come out...just like 1999....

Mon, 04/28/2014 - 12:03 | 4704150 Bunga Bunga