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keinsell
Jul 29, 2021 5:39 PM

Keinselling #5, Though time for Alibaba Short

Alibaba Group Holding LimitedNYSE

Description

I've decided to take a risk of shorting NYSE:BABA because of all troubles that occur in company in last time. (Pointed lower). I don't have much research on Alibaba's earnings but that all situations make me bearish and probably that's the right decision.

  • 2.8$ billion fine for violating anti-monopoly rules which is Alibaba's nightmare.
  • Cybersecurity issues that exposed Alibaba business to additional risks.
  • Some companies lowered fair valuation to 152$ which is much lower than actual price.
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