They Do Ring A Bell At The Top: Alibaba Proves Wall Street Is Off Its Rocker

They do ring a bell at the top.......On Friday Alibaba gained $65 billion of market cap in 5 minutes! And that was on top of the $170 billion IPO price—-a valuation that was not all that shabby to begin with. In fact, BABA weighed in for the opening bell at 20X the $8.6 billion in sales reported for its LTM financial results.
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