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Archive of entries posted on 18th September 2014

Syndicate players and the grey market in Alibaba

Buy on rumor. Sell on news. An old Wall Street adage. The “smart money” is selling Yahoo short. Why? Everyone who couldn’t get any Alibaba bought Yahoo, knowing that it owned a ton of Alibaba. Now they think Yahoo has “run up too much.” Friends on Wall Street say the underwriters lead by Goldman Sachs […]