Submitted by David Stockman via Contra Corner blog,
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 its $8.6 billion in sales.