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Alibaba’s steady stock price bleeding was inevitable, and investors who have yet to get out of the stock may want to rethink the investment—particularly in this cranky market.

If it felt like the biggest financial event for 2014, that’s probably because it was: the Alibaba Group Holding Ltd. (NYSE: BABA) September, 2014 initial public offering garnered wall-to-wall coverage and breathless sky-high stock price valuations.

Early on, those predictions came true: BABA’s $68 per share opening price quickly rose nearly 40% on its first day of trading, finishing up at just under $94 per share while raising over $21 billion. Within three months, it ballooned to $120 per share.

Since then, it has been a steady downhill slide, and signs point at continued struggles for the Chinese ecommerce giant.

If you think now’s the time to jump in on a bargain, you may be sadly mistaken. The smart money saw it coming—and isn’t about to make future mistakes.

Here are seven reasons to run for the hills:

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