Market timing step 2: going back in

freilona wrote: ↑ @llpresident no, waiting till I can buy them at the bank

llpresident wrote: ↑ At which point I will sell you my Bitcoin at $500,000 per coin.

MrMom wrote: ↑Follow up to Chinese companies being dropped from the Indices. market-timing-step-2-going-back-2361111/68/#p33723317

Jan 1/21 via FT



Update @Eaglesfan99

As an example, Luckin' Coffee was delisted from the Nasdaq in 2020, It continues to trade on the OTC market. As IDK what your broker policy is on the OTC market, you could try to see how your broker treats Luckin' if no one else is able to give you a definitive answer here.

IMO, there will be a larger impact from being dropped from some indices in terms of the share price and North American trading liquidity.

Update #2

Looming Delisting Jolts Chinese Telecom Stocks (WSJ)
China Mobile recorded its lowest closing price since June 2006
Updated January 04, 2021 05:27 a.m. EST

https://www.wsj.com/articles/chinese-te ... 1609734838

Excerpts;
Jef­feries an­a­lyst Edi­son Lee said non-U.S. in­vestors—who wouldn’t be cov­ered by the ban—are “bot­tom-fish­ing.” Mr. Lee said the busi­ness fun­da­men­tals of the three firms had been im­prov­ing, and China Mo­bile’s share price im­plied a high div­i­dend yield of about 7.5%.

“This is not a prob­lem for the Chi­nese tele­com com­pa­nies. It is a prob­lem for the U.S. in­vestors that have to sell, lock­ing in their in­vest­ments at a his­tor­i­cally low price,” said Pe­ter Mil­liken, head of Asia-Pa­cific tele­com re­search at Deutsche Bank.

Mr. Mil­liken said the delist­ings would have lit­tle im­pact on the car­ri­ers’ busi­nesses. “They are cash-flow ma­chines, not need­ing to be fu­eled by new cap­i­tal from the U.S., or any­where,” he said.

The three Chi­nese com­pa­nies said hold­ers of their Amer­i­can de­posi­tary re­ceipts can swap those se­cu­ri­ties for their Hong Kong-listed or­di­nary shares through Bank of New York Mel­lon, which is the de­posi­tary for all three ADR pro­grams.

MrMom wrote: ↑ The Sh*t Show aka as Trump WH continues. Xi must be rolling on the floor laughing.

NYSE Says It No Longer Plans to Delist China Telecom Companies
Bloomberg News
January 4, 2021, 9:51 PM EST

https://www.bloomberg.com/news/articles ... -companies

The New York Stock Exchange no longer intends to move forward with the delisting action in relation to China Telecom, China Mobile and China Unicom (Hong Kong), according to a statement, Bloomberg News reports. Issuers will continue to be listed and traded on the NYSE.

More information is available on the Bloomberg Terminal.

freilona wrote: ↑ @MrMom I’m thinking to sell half of CURA if/when it goes above $20 (High $19 this morning) and buy QBTC Hubby’s really against bitcoins, but won’t mind if I use proceeds from one speculative investment to fund another

Do you own any crypto?

freilona wrote: ↑ @MrMom I’m thinking to sell half of CURA if/when it goes above $20 (High $19 this morning) and buy QBTC Hubby’s really against bitcoins, but won’t mind if I use proceeds from one speculative investment to fund another

Do you own any crypto?

kilburn305 wrote: ↑ Weren't you considering ENB? I'm kicking the tires on it today. I guess the dem sweep could be bad for their business/headlines etc.

freilona wrote: ↑ I did and it’s still in my watchlist, and part of TSX ETFs that we hold, but no, didn’t purchase the stock itself. This morning I realized that I should stop considering, asking for opinions, adding to watchlist as the market is definitely on even stronger drugs this year and the moment I find something I like I should just buy it before it jumps 5-10% the very next day

freilona wrote: ↑ @MrMom I’m thinking to sell half of CURA if/when it goes above $20 (High $19 this morning) and buy QBTC Hubby’s really against bitcoins, but won’t mind if I use proceeds from one speculative investment to fund another

Do you own any crypto?

MrMom wrote: ↑ Follow through? I'm holding. Have a good day.