DiDi Global Inc
Is anyone monitoring Didi, what would a good entry point.
"“Your own Self-Realization is the greatest service you can render the world.”
― Ramana Maharshi.".
― Ramana Maharshi.".
Jul 7th, 2021 9:39 pm
Jul 7th, 2021 10:36 pm
Jul 8th, 2021 2:31 am
Jul 8th, 2021 5:43 am
Jul 8th, 2021 9:20 am
Jul 8th, 2021 9:31 am
Jul 8th, 2021 9:41 am
Jul 8th, 2021 1:05 pm
Which tells me you are a very good trader, because Uber is still below their IPO price.
Jul 8th, 2021 5:51 pm
Jul 9th, 2021 9:19 am
BatmoBeal wrote: ↑ Which tells me you are a very good trader, because Uber is still below their IPO price.
China is a big market but it's slowing down significantly because of its previous one-child policy, Didi is heavily relying on how many ppl use their service.
I mean, you can trade it, but just dont invest in it.
Jul 9th, 2021 9:27 am
Jul 9th, 2021 11:42 am
Jul 9th, 2021 11:46 am
bk wrote: ↑ Are you going long or just day trading it?
I wouldn't go long at this time, the geopolitical risks are just too great, not to mention that, while the company may control most of the Chinese market, they also bleed money like crazy. But ignoring that and going back to the politics, they are at risk from both the Chinese regulators AND the US regulators. The US wants to introduce laws for more transparency, and the Chinese will make laws ensuring that their companies can't comply. The chance of being delisted is not zero, there are safer ways to make money, you would have to really love DIDI to ignore all that.
Short term trading may be okay if you monitor it tightly, but there is still a big risk, as you don't know when bad news can drop, like today, China just removed another 25 of DIDI's apps from app stores. There is much less warning from Chinese regulators.
Also never forget, with these Chinese VIEs, you do not own any part of the parent company. You only have stock in holding company that is entitled to some of the profits of the parent company. There are far fewer legal protections and recourse in case something goes bad.
Jul 9th, 2021 12:03 pm
Didi Chuxing Technology Co, the company in China, is not "controlled" by foreign companies. The largest foreign ownership is Softbank, with ~20%. But over 50% of the voting power resides with two people: the CEO and the President.ilovetoyota wrote: ↑ DIDI is controlled by foreign companies, one of its board of directors even used to be a US army officer. This is totally unacceptable.
CIA can easily control people's data through DIDI.
I think the best China stock to buy is still BIDU.
Avoid EDU, TAL, GSX these educational stock, they are trash.
Jul 9th, 2021 3:25 pm
Jul 9th, 2021 3:58 pm
Yes, already 10% upside for me. If this goes down to $8 range I was planning to buy more and it may happen. On other forums people are predicting S/P could go to $20 by end of the month.ilovetoyota wrote: ↑ DIDI increased 8.5% today, and will reach $15 by the end of July!
Buy! Buy! Buy!
Jul 9th, 2021 6:18 pm
Jul 10th, 2021 2:28 am
Now Chinese government and regulators require ALL companies who plan to do IPO outside mainland China to submit files for national security check. And DOYU and HUYA merger is banned.ilovetoyota wrote: ↑ I have also added BIDU and SE. Two important stock that is related to China's economy.
I think most China stock have a huge upside.
Jul 10th, 2021 4:18 am
Jul 10th, 2021 7:14 am
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