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Make Way For The New Kid In Town, Alibaba

Stock ExchangeMove over Facebook stock, make some room Netflix. Alibaba is going public and portfolio managers are selling stocks to fund new stakes. You may be asking yourself, “Self, what the heck is Alibaba.” Fear not, you can check out our post on Alibaba, here. But first, check out the stocks that they may be tossing, “24/7 Wall St. has identified six of the top high-flyers that have large market caps where we think major holders are selling shares to raise funds to pay for Alibaba share purchases. One caveat — speculators and stock gamers may simply be selling these in anticipation that fund managers will lighten up in these stocks to make room for Alibaba.” To read more, CLICK HERE