How's this for meta? The chatter on social media (particularly on Twitter) seems to show that investors are a lot more excited about the Alibaba (BABA) initial public offering than they were for Twitter's (TWTR) IPO last November.
Igor Gonta, CEO of Market Prophit, a firm that analyzes social media posts and blogs and ranks people based on the performance of their commentary, called sentiment for Alibaba "phenomenal."
Gonta noted that the big difference between Alibaba and Twitter is that even the skeptics expect Alibaba to be a huge hit on its first day of trading. That's certainly the case with famed Silicon Valley investor Peter Thiel, who told CNN he wouldn't buy Alibaba, but he predicts a bounce on Friday.
"The Alibaba naysayers who say they are not believing the hype are still bullish," Gonta said. "This thing is just such a monster."
It's understandable why investors are enthusiastic. Alibaba is profitable and growing rapidly and its presence can be felt throughout pretty much the entire Chinese e-commerce sector. Alibaba is not just about potential like many IPOs often are.
One fan on Twitter thinks the stock will have a pretty big pop and cites numerology as a reason.
Don't laugh! My colleague Sophia Yan had a great story a few months ago where she spoke with fortune tellers in Hong Kong about the role luck could play in the IPO.
And that $80 target is actually conservative. Gonta said that there are some traders predicting that the stock could go as high as $100 on its first day.
Alibaba is also expected to have a big impact on other high-profile tech stocks. Some of the top tweeters tracked by Market Prophit, including traders going by the handle of @udgstocks and @sethque, are also hoping that Yahoo (YHOO) will continue to surge after Alibaba starts trading.
That's because Yahoo owns a more than 20% stake in Alibaba and will be selling a portion of its investment to use for a share buyback and possibly some of its own acquisitions.
Over on StockTwits, a platform dedicated solely to talking about investing, one trader suggested that Japan's SoftBank (SFTBY), which owns more than 35% of Alibaba and is not selling any shares, is also a good bet. A lift in SoftBank's value could also help Sprint (S), the struggling U.S. telecom that SoftBank controls.
Twitter is trending today on Wall Street, but for all the wrong reasons.
Shares of the social media site tumbled to a new low Tuesday, the first day that company insiders were allowed to sell the stock following the company's initial public offering.
The stock dropped 18%, sinking below $32 a share for the first time since Twitter (TWTR) began trading last November.
The sell-off comes at the end of a six-month "lock-up" MOREBen Rooney - May 6, 2014 4:12 PM ET
Twitter's founding fathers became billionaires on paper when the social media company went public in November.
But Jack Dorsey and Evan Williams say they have no immediate plans to turn those paper gains in to cold, hard cash once they have the opportunity in May.
Under federal securities law, company insiders must wait six months before selling any shares following an initial public offering.
The so-called "lock up period" is designed to discourage MOREBen Rooney - Apr 14, 2014 12:01 PM ET
Maybe Ellen DeGeneres broke Twitter after all?
I'm being glib (that's for you Tom Cruise and Matt Lauer!) of course. The fact that shares of Twitter (TWTR) are down more than 15% since the selfie seen MOREPaul R. La Monica - Mar 27, 2014 1:29 PM ET
Even though stocks are enjoying a nice little rally today, green on the screen has been the exception rather than the rule in 2014. The Dow is still down about 6% so far this year.
But MOREPaul R. La Monica - Feb 6, 2014 1:27 PM ET
It's put up or shut up time for Twitter! The company will release its first "earnings" report since its initial public offering after Wednesday's closing bell.
Considering shares of Twitter (TWTR) are up about 150% from MOREPaul R. La Monica - Feb 4, 2014 1:32 PM ET
Best Buy (BBY) learned the hard way on Thursday that momentum is very, very, very fickle.
Shares of the electronics retailer plunged nearly 30% after it reported disappointing sales for the holidays. In other words, it MOREPaul R. La Monica - Jan 16, 2014 1:09 PM ET
It's been a banner year for stocks. The Dow and S&P 500 have been in record territory since March, while the Nasdaq has been trading at its highest levels since 2000.
Though the robust gains have ignited some worries that stocks may be overvalued, most experts believe that a dose of skepticism is actually healthy and predict that stocks will continue to rise next year, albeit at a more MOREHibah Yousuf - Dec 22, 2013 9:00 AM ET
JPMorgan Chase (JPM) went viral on Twitter Wednesday ... and not in a good way.
The bank, which has already had its share of bad press recently, announced plans to have one of its senior executives, Jimmy Lee, "take over" the @JPMorgan handle Thursday afternoon to answer questions from the social media masses.
Tomorrow at 1pm ET $JPM Vice Chairman Jimmy Lee takes over @JPMorgan to answer your questions for 1 hour. MOREBen Rooney - Nov 14, 2013 10:37 AM ET
I love using Twitter. Some might say I love it too much.
And I really don't like Facebook. I have an account. But it's as barren as the Gobi desert. I mainly use it to see MOREPaul R. La Monica - Nov 7, 2013 2:06 PM ET
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