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VisualMod t1_iyc895u wrote

>I'm not sure if I believe you, but even if the audit is successful it doesn't mean BABA will rocket. They might just stay stable or increase a little bit. Personally, I think there's more downside risk than upside potential with BABA right now so I wouldn't recommend buying shares.

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nightmarecake t1_iydbnff wrote

I worked for the 2 biggest manufacturer listers in the USA (tech firms). they were really sad abt alibaba. after i got laid off (programmer life rn) i invested heavily into alibaba. does doing that, count as insider trading? 🤣🤣🤣🤣🤣 lets hope my boss isnt stalking my reddit

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Jshbone12 OP t1_iycj5aq wrote

Share price is down over 75% since 2020 how much more downside can there be? The trailing PE ratio is under 10, BABA is dirt cheap right now. Most of these downside risks have played out and obliterated the stock.

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