Alibaba shares have gone up since their massive IPO, but the situation is very volatile, says business analyst Shaun Rein, according to the Drum. The hedge funds are waiting for their chances, and they might come soon as the company releases its figures on Thursday.
Speaking to the Financial Times Shaun Rein, head of China Market Research Group, said: “There is a lot of concern about just how sustainable is the hype around Alibabaa. The share price went out of control after the IPO but all the hedge funds we were talking to said: ‘We want to get in before anyone else does, and we want to get out before anyone else does.’ ”
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