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DIDI may head downward tomorrow on the Tencent news out of China. IMO. Looks like the Chinese government is not done with the large tech companies.
On a positive note, U.S. tech companies, if they beat on earnings, will probably POP as hedge funds pulling money out of Chinese tech companies and only logical place to use this money is to buy U.S. tech companies... IMO.
GLTA
These next two earning weeks is when you sit on the sidelines with dry powder in case the chance to get cheapies presents itself.
If you are not in the broader market already, you have missed a good run, but I expect it to continue for at least another 4-6 months.
All IMO.
GLTA
I do. ; ).
Yep, maybe it was intentionally done.
So who is buying now? Hedge funds with Chinese investors? Hmmm... they are getting shares cheap right now, lets see how long this lasts.
FYI, I am buying the dips knowing these shares may still go down 50%. I would only invest in DIDI what I am willing to lose.
GLTA
I kinda agree, because it will also kill a big chunk of future capital investments from outside China.
Yep, big risk at buying DIDI at any price right now.
Bad news can be released over the weekend which can tank this further.
GLTA
Waiting for EOD to see how low it will go....
May add at EOD....
GLTA
DIDI doing the limbo.... :(
GLTA
Ouch!
Has China ever forced a Chinese company to delist from a U.S. exchange?
Could not find any previous example.
Looks like the U.S. has delisted Chinese company shares from major exchanges and they subsequently trade/moved to the OTC markets.
Added.... : ) or : ( .... who knows.
No risk, no reward...
GLTA
Doh!
I guess we will find out the Chinese penalty on DIDI soon....
GLTA
I am thinking maybe mid or late August. IMO.
Two other things going to keep DIDI down, and a lot of Chinese stocks. New COVID-19 global lockdowns/restrictions and U.S. accusing China of Microsoft hacks.
I will continue to add on the dips. Ride share companies are here to stay and DIDI is a global player.
All IMO.
GLTA
Added.
GLTA
Like I said, hit them in the pocket book and they will flinch!
Chinese know that a bunch of U.S. funds are dumping Chinese company's or China related stocks.
Chinese have to save face and send SEVEN departments!!! to DIDI and say they put them over hot coals and DIDI has complied with all their request.
I think DIDI app will be released to be downloaded sooner than expected.
All IMO.
GLTA
So when is the merger going to happen, thought it was to happen soon?
Longer they wait, the more competition they will have.
IMO
Agree!
Looks like $11ish was a good entry point...IMO
GLTU
Nice quick push upwards....large buys....
Thing that most people, including the Chinese, hate to lose is MONEY....
I think there will be a few more bumps in the road for DIDI short term, but will steadily head upwards.
IMO
GLTA
It will be interesting to see what analyst begin to say about DIDI.
I have heard some that say ignore what is happing now and focus on fundamentals, DIDI stock is the cheapest rideshare company right now.
Others say, sell.
Going to hold through the fall, should know by then where it is headed.
I am in the green at the end of today, so not too worried.
GLTA
Doubt it.
More risk involved investing in China based companies listed on U.S. exchanges.
Best DIDI can do now is smooth it out with the Chinese government and focus on growing the business.
U.S. may impose more regs on Chinese companies looking to list in U.S. or bar them from listing.
All IMO.
GLTA
Got my 500 DIDI shares. IMO, at a decent price.
Will sit back patiently.
But I don't like that COVID restrictions are starting again, will definitely ping ride share companies.
GLTA
Bought in today, good price to get into DIDI for long term hold.
China is just spanking DIDI because they did not listen to mom and pop. China wanted a Hong Kong listing and DIDI just did what it wanted to do.
Don't worry, once the insiders that have the leverage with the Chinese government buy the cheapies, China will announce the DIDI app can be downloaded once again.
I will add if this goes lower, it may short term or not.
GLTA
FYI,
IMO DIDI is in the lead with having an all self-driving on demand taxi service.
Waiting till EOD to add....I think it may still head down today into tomorrow morning.... 26% haircut is pretty significant though.....
GLTA
Very nice run up from the $4-$5 range. Congrats to the longs!
This one seems to have a hard pull back whenever there is a run up on news. The kicker is knowing when to sell if you want to take some profit, before the pullback.
Sold some, but still holding with average of $4.52....
GLTA
Added.....
GLTA
Looks like another dip coming....
Buying the dip....
Been here before...
GLTA
Institutional buyers building positions.
Looks like under $300 seems cheap to them. IMO.
GLTA
Nice to see it heading up... on a volatile day!
Possibly heading up bc anticipating a good earnings report... IMO
GLTA
Nice. Looks like $4K will be the new norm....
Hope is runs a bit more into the close...
GLTA
Looks like it Ether will hit a new high very soon....
GLTA
Robinhood had a "glitch" trading crypto today...
That with the market selling off pretty much tanked everything...
Always good to have dry powder for pullbacks,
GLTA
Added on the dip....
GLTA
Bought in today..... not a high share price...let's see what happens if the IPO does go through...
GLTA
SEC delays decision on approving bitcoin ETF -
Delay is signaling that a bitcoin ETF will most likely be approved this year....
Looks like other crypto related stocks are coming back to life....
Good to see...
Still here, just watching...
Looks like it will settle near $300.00....
Seems like buyers waiting for it to settle or what is reported with earnings in May....
Adding if it dips under $280.00..
GLTA
Positive movement up in the cryptos.
COIN will benefit.
GLTA
Nice to see COIN close green....
JPMorgan rolling out bitcoin fund...crypto becoming more and more mainstream....
GLTA
Good article....
Coinbase is scheduled to release earnings on May 6th, earnings will probably be a good indicator of which way Coinbase is headed....
I still plan to hold long term, crypto is becoming more and more mainstream IMO.
GLTA