There’s been a lot of media ruckus lately about the upcoming IPO for Alibaba, the gigantic Chinese internet firm.
Jack Ma, the company’s founder and CEO, has just begun an all-out effort to promote the company to would-be investors, trying to drum up enthusiasm prior to the projected IPO date on September 19.
While Ma is certainly not oblivious to the traditions of feng shui and astrology in impacting business success (“Alibaba” is itself a multi-lingual pun – “ba” in Chinese means “eight”, and 8 is considered an extremely lucky number for generating wealth), it’s not clear what astrologer got involved in picking the IPO date.
Take a look at the horoscope for the event:
With the Leo Moon (flashy public presentations) on the Midheaven and the transneptunian Apollon (success through business expansion) conjoining the Ascendant in this chart, it’s obviously a hand-picked time for an auspicious beginning.
We’ll have to wait and see, of course, exactly what happens when the Alifbaba stock starts trading on the New York Stock Exchange.
In the meantime, you might want to check out the article titled “Wall Street Eyes Alibaba Billions” in the September 7 issue of FinancialCyclesWeekly newsletter. It shares our astro-trading perspective on this stock, and discusses an ancillary equities play that could bring some significant trading profits.