I've decided to take a risk of shorting
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.
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.