The Alibaba stock price today could be less volatile than most IPOs, as investors who couldn't get a piece of the initial public offering buy in to BABA stock today (Friday).
Alibaba stock will start trading on the New York Stock Exchange this morning. Alibaba priced shares at $68 last night.
Some things to know about Alibaba stock (NYSE: BABA):
"According to the research I've seen, e-commerce in China is projected to hit $540 billion by 2015, and that's just for starters," said Money Morning Executive Editor Bill Patalon. "By 2020, China's e-commerce market will be worth more than the United States, the United Kingdom, Japan, Germany, and France combined. So we know that growth is coming... and we know that Alibaba is the No. 1 gun."
One way to go is to buy half of your ideal position in BABA stock when the market opens on Friday then look for another opportunity to pick up the rest.
There are other ways to profit off a climbing Alibaba stock price without buying BABA. In fact, we have three. Go here for all the Alibaba stock price profit plays.