Alibaba (BABA) stock opened for trading on Friday and soared over 38% from the $68 price point. Shares of Alibaba (BABA) closed at $93.89 but was down from the high of $99.70. It was a great open as shares rallied from $92-$99.70 but then BABA stock crashed all the way down to $89.95. There was a rebound late in the day and Alibaba ended up closing on a good note.
Buy Alibaba (BABA) stock? I would be a seller of BABA stock above $100 and definitely if it breaks $90 again. There will be over 400 million shares flooding the market in 6 months and 1.58 billion shares flooding the market 1 year from now. You do not want to own this stock when those shares hit the market because BABA didn't even trade the full 320.1 million shares available from yesterday.
In addition, Alibaba is a Chinese company and subject to the Chinese Government which can do whatever they want whenever they want. The safer buy is Amazon.com (AMZN), Apple (AAPL), Google (GOOG), or Twitter (TWTR). Alibaba (BABA) is already $240 billion and you have a ton of risks. This might end of being the most hyped IPO in history.
Conclusion - Trade BABA and take profits, don't invest for at least a year. Wait until all of the shares flood the market and you will get a awesome buying opportunity if you still like the stock. When those 1.58 billion shares hit the market in one year, BABA is likely to crash.
For more information in the top stocks in 2014, visit these links - Stocks 2015 - Top Penny Stocks 2015 - Stocks to Buy 2015