What a start to BABA! From almost hitting $100 on the first day of trading to a close just shy of $90 on the second day. Not too many people DON'T have an opinion on BABA. It is either grossly overvalued or undervalued depending on which camp you are in. The Bulls see a China-play. The fanaticals see it as a China INTERNET-play and foam at the mouth when they think of the enormous growth potential. The Bears see a disaster waiting to happen with yet another Chinese VIE and no resolution to whether or not this company can ever be held accountable to the interests of those owning stock in the US-registered shares. My personal opinion is the risk is not worth it, but I am willing to listen to the comments from those who believe there is a value proposition here. I had a short order entered at $100 and it never quite got there to fill. I didn't chase it, but think it will work its way back to at least $75. The next trading opportunity to watch for is when the lock-up shares become free-trading. Have to believe there will be some profit-taking at that time. So which is it? Will we see a run to $200 as some believe or is this Chinese VIE not ready to see institutions risk having it blow up on them and it heads back to the issue price n the $60s? I just can't feel comfortable trading them yet and we'll see which prognosticators can correctly call the future of BABA. Perhaps I wouldn't be so hesitant if their stock symbol didn't sound like sheep being led off to be sheared. Baa Baa.