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Here we go.....
Close above $9.25 would be nice ;).....
FOMO or Squeeze coming soon.... IMO.
GLTA
Nice!
Pretty high chance that no delisting is on the table. Waiting.....
GLTA
Large buys at the end of the trading session.....
Possibly news coming soon? I hope.
Invest in China at your own risk, this has been the case for a very long time.... IMO
VIEs are not going anywhere any time soon, dare I say to big too fail? IMO
Yes, future VIEs may be limited or banned.... IMO.
GLTA
I expect to make money on my DIDI holdings.....
Good article! Thanks.
This is one of the reasons why I buy DIDI.
This is also a reason why INVESTORS are buying Tesla, not for the car, for the AI, technology and data obtained.
GLTA
+8%.....Nice!
As expected, DIDI is ironing out things with the Chinese government.
Chinese IPOs on US markets will continue, with new regulations from the Chinese and US.
All IMO.
GLTA
More and more there is talk of regulating Chinese IPOs, from both China and the U.S. IMO this means there is less and less talk of delisting or barring Chinese companies.
Wonder how big the short position is on DIDI, its going to be one hell of a squeeze, when it happens. IMO.
GLTA
______
SEC gives Chinese companies new requirements for U.S. IPO disclosures
PUBLISHED MON, AUG 23 20214:16 PM EDT
Reuters
We will probably know on Sunday afternoon if any substantive news is on the horizon.
Is this for the Chinese mainland? I looked online, but could not find any.
If so, this would be pretty big news. I know DIDI in continuing to launch its apps in other countries.
GLTA
Looks like delisting DIDI is off the table. IMO.
Framework for this type of supervision may happen in September.
IMO, DIDI will be in the $10-$11 range by end of year. If DIDI FOMO occurs, possibly higher.
GLTA
-------------
EXCLUSIVE-China eyes pushing U.S. IPO-bound firms to hand over data control-sources
5:22 AM ET 8/20/21 | Reuters
EXCLUSIVE-China eyes pushing U.S. IPO-bound firms to hand over data control-sources
By Julie Zhu and Scott Murdoch
The plans to step up supervision of Chinese companies listed overseas came days after Beijing launched a cybersecurity investigation into ride-hailing giant Didi Global Inc on the heels of its $4.4 billion U.S. stock market listing.
Didi is now in talks with state-owned Westone Information Industry Inc to handle its data management and monitoring activities, Reuters reported https://www.reuters.com/world/china/exclusive-didi-talks-with-westone-hand-over-data-control-after-ipo-dustup-2021-08-06 earlier this month.
Under the plan being discussed, Westone would be able to access Didi's servers across the country to track the latter's data collection, usage and transfers - which could effectively prohibit the company's data from falling in the hands of a foreign entity, according to the report.
Didi at that time had said media reports about handing over control of data was untrue.
The restrictions proposed to be implemented on Didi could become a possible template for other data-rich Chinese companies that look to go public in the United States, said one of the people.
I think it will, but possibly in a couple of months. IMO.
DIDI still expanding into other countries. I don't see the China issue as the end of DIDI, but I could be wrong. Only buying what I can risk.
GLTU
Aauuggghhhhh!!! WTF....
I am adding ; )....
GLTA
Don't fight the Fed. I have seen this movie before. Shorting the market will get you nowhere.... but GLTU.
Added, just a little, at $8.25....
GLTA
I got my 1000 shares already. Barely in the green so if it is up from here that is fine with me.... ; ).
GLTA
Not too sure what data or how it is being collected, but DIDI does not operate its ride share services in the U.S.
U.S. can just block DIDI from operating the ride share service in the U.S. rather than delisting.
I don't believe delisting is what the U.S. wants to do, too many deep pockets already invested in DIDI and the moves out of China and concessions by DIDI do not indicate that a delisting is at the top of the list.
All IMO
GLTA
This may actually be a good thing. I don't think a delisting is what the Chinese want. IMO.
Very low volume today, but holding up...
I am a bit surprised this did not dip a bit more on the news out of China last night. Thought it would go sub $9.00.
Thinking the bottom is in on DIDI. IMO.
GLTA
Closed in the green...I'll take that...
I think we are on a slow march upwards until bad or good news! IMO.
GLTA
Looks like it is holding up....but no news yet.
Adding if it goes below $9.00.
GLTA
Nice close, large volume buys at the EOD...
Possibly news this weekend?
GLTA
Nice close, + 11%..... on high volume....I think some institutional investors/hedge funds are dipping their toes in the water... IMO
The higher it goes, the less it will fall when the penalty is announced.
Accumulating dry powder for a dip....
GLTA
92 mil shares traded so far...
I will add if this gets below $8.50.......
I think we only see $7 for a brief time after penalty is announced.
All IMO...
GLTA.
Ha! Yes, please go private at $20 - $30.
I think the Chinese government realized that DIDI is too big to delist or punish severely.
This idea was definitely floated by the people in the know. WSJ reporting.
Now it is just a matter of time for the Chinese government to decide the punishment.
If this goes private, I bet the Chineses government is going to foot part of the bill.
ALL IMO.
GLTA!
I think penalty for DIDI is coming soon, but this is a good sign. IMO.
GLTA
CHINA ECONOMY
China will still allow IPOs in the United States, securities regulator tells brokerages
PUBLISHED WED, JUL 28 202110:28 PM EDTUPDATED 12 MIN AGO
Maybe more upside tomorrow? IMO.
GLTA
ASIA MARKETS
Hong Kong’s Hang Seng index jumps about 2% as stocks recover from early week slump
PUBLISHED WED, JUL 28 20217:39 PM EDTUPDATED 12 MIN AGO
Eustance Huang
@EUSTANCEHUANG
You know we are near the bottom when you see headlines like this....
CNBC-
Uber shares drop as Softbank plans to sell shares to cover Didi and other losses
PUBLISHED WED, JUL 28 20216:23 PM EDTUPDATED 2 HOURS AGO
SoftBank has lost about $4 billion on its Didi position in total, CNBC’s Deirdre Bosa reported. It’s also suffered from a decline in valuation of Alibaba, the botched Ant Group IPO, and paused plans for a ByteDance listing. In addition, Softbank’s Masayoshi Son has increasingly been playing in public markets with its SB Northstar unit.
DIDI's price movement will all depend on the Chinese government's decision as to the appropriate punishment.
When disclosed, DIDI may tank, or IMO, I think a penalty is already baked into the current price, which is why I bought/will buy the dips.
GLTA
Nice amount of share volume traded so far.... looking good.
What DIDI up 12%.....NICE!
Maybe the bottom is in or we are going to get some news from the Chinese Gov't soon? I hope.
GLTA
Get your DIDI cheapies, before they are out of stock. ;)...
GLTA
Looks like there is a little positive momentum in Chinese tech stocks....IMO
It IPO'd at $14.00 because some people, looks like a lot, were already in the know as to what was going to happen.
Why buy at $14-$18 when you kinda knew you just had to wait very little time for cheapies... if you were still looking to buy.
Or, large money backers pulled out at the last minute.
I agree, this is a unique situation and DIDI can go either way. Depends on how much you want to gamble.
I see this as black or red, 50 - 50 odds, which is not bad, IMO.
GLTA
I'll take the $40 in two months!!!!
Only thing is that China plays the long game.... as more and more time passes, I think not only does China want concessions from its tech companies, but the US as well. Time will tell.
GLTA
At 1/2 its IPO price I think there are more buyers/gamblers at the $7-$8 dollar range than sellers.
At some point the powers that be in China have to announce the penalties, unless they no longer want to have a stock exchange in China....
All IMO
GLTU
Yup!
Even if DIDI heads lower, any positive news is going to squeeze the shorts for a pop.
GLTA
Added....
GLTA
Looks like it's trying to hold onto $8.
Pretty ugly during the pre-market.
Let's see where it closes...
GLTA