Not moving hand-in-hand after all

We've been talking in the office over the past few weeks about how the share prices of Global Sources and Alibaba appear to have started moving almost in tandem. We took a closer look at that today and found out that it wasn't quite as true as we'd thought.

Until early-December, they were really joined at the hip but, as this Yahoo! Finance chart shows they have since diverged. Although the prices move in similar patterns, Global Sources is down about 18% since Alibaba's Day 1 close while Alibaba itself is now down 40%. As we write, it's trending up a little bit with the market.