Alibaba investors are not sure what's going to happen on Wednesday when a ban on insider selling is lifted. The stock is already down 29 percent from its intra-day high amid counterfeit concerns.
As Alibaba shareholders mark the six month anniversary of one of the biggest IPOs ever. They're not sure what to expect today. More pain or a little pop that's when company executives employees and some very well connected friends can sell some of the shares. As voters investigative correspondent. Jessica too cool. Insiders who owns 437. Million shares can now sell the stock if they choose to to act means that the stock goes down they'll choose to sell. However a lot of people think that that's already priced into the stock and people aren't anticipating match ups. More selling would be a far cry from the frenzy that surrounded the run up to the market debut of China's biggest online retailer. The IPO was supposed to be CEO Jack must first step towards global domination. That is totally panning out for investors if you look at the stock. According to tedium ashtray at about half of the investors that bought the stock at the IPO I still hanging on to the stuff actually more than. So I think they're hoping that in the long run the stock is NN make at bat in the short term you know it's down 29% from its intra day highs though. I think that they are having a little bit of regret. Bob was sold at the American investors gateway into untold wealth coming from China's. Burgeoning middle class so what happened out of the issues that. Alan about us having today have to do with the Chinese government's concerns about counter fitting. People say they're gonna work through this Alibaba has said they're gonna work through this. Now those investors willing to go to a rocky start for the stock hope that a few months won't turn into a decade. Quietly baba lives up to its IPO promise.