Ali-ByeBye - Weibo IPO Plunges To Bear Market

Tyler Durden's picture

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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moriarty's picture

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.

 

Ghostdog's picture

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

buzzsaw99's picture

don't worry about insiders, they got plenty

American Dreams's picture

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

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ParkAveFlasher's picture

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]

Vampyroteuthis infernalis's picture

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.

slightlyskeptical's picture

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

Dr. Engali's picture

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

youngman's picture

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....

TideFighter's picture

Alibaba 1 had forthy thieves, Alibaba 2 will be much more successful. Yeah, crash is comin' 

Petrus Romanus's picture

Pump and dump are a few words that come to mind.

Just sayin'.

Dr. Engali's picture

Weibos wobble and apparently fall down.

 

http://youtu.be/dFzhjnjXc2o

Downtoolong's picture

But, it has to go to $15 before it can go to $60, or some such bullshit.

 

Sincerely yours,

Evert sell side  bullshitting analyst who ever lived.

 

 

Itchy and Scratchy's picture

I didn't say 'Swell' .... I said 'Sell!'

Debugas's picture

this could be called IPO frontrunning