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Non-Tech : Kirk's Market Thoughts
COHR 185.70+2.2%Dec 8 3:59 PM EST

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To: Kirk © who wrote (1916)9/20/2014 9:01:24 AM
From: Jerome  Read Replies (1) of 26731
 
Tax Avoidance carried too far.........Alibaba.....they think they pulled a slick move to avoid taxes.....but,,,,

Because it is incorporated in the Cayman Islands and will only have American depositary receipts listed in the U.S., it will be ineligible for big indexes like the ones run by MSCI and FTSE.
This will have a big impact on ownership and value. Since the ETF's will not own it .....only the retail stock market will hold up the price. This pulls out the floor on the stock price and stock ownership.

usatoday.com

Note...I have no interest in owning Alibaba at any price.
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