Based on the literal description of Ponzi scheme... you can basically say that any IPO is a ponzi.
The first in, get the biggest profits because they sell to the last in, that are the bagholders.
Those millionaires and billionaires sure do thank you, the commoners, from the bottom of their greedy black hearts!
'Murica
Alibaba didn't disappoint the investors and gained about 38% in his first day. It is the greatest ipo in the history and all the news about it seem positive at the moment. Now it's difficult to predict the trend evolution but we can try to imagine a possible price range in which buy to go long for the short term. In my opinion this stock could touch his maximum...
It's disgusting really... I hate how rich people look down their nose at the "poors".
Why don't you just do what we do... dump millions into an IPO and sell off to the late-coming suckers.
Oh you don't have millions? Why don't you work harder? Get another job?
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