When a manager sells a chunk of stock in his own company, other investors often follow: if this guy doesn't believe in the shares, why should we? So Alibaba.com, operator of the world's biggest online bazaar for businesses, saw its shares retreat almost 7 per cent in Hong Kong yesterday after Jack Ma, chairman and chief executive, revealed he had sold about 5 per cent of his holdings.
當一位管理者大量拋出自己公司的股票時,其他投資者往往會效仿——如果這傢伙自己都不相信這隻股票,爲什麼我們要相信呢?因此,在阿里巴巴(Alibaba.com)主席兼執行長馬雲(Jack Ma)披露他已售出自己5%的持股後,這家全球最大的網上企業貿易平臺的股價昨日在香港暴跌近7%。
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