Posted on 03/03/2022 10:03:22 PM PST by fluorescence
Russian authorities will keep the Moscow stock market largely closed for a fifth straight day, as they continue to shield local shares from potentially severe selling pressure.
(Excerpt) Read more at wsj.com ...
Putin can still get a loan from his Monopoly board game.
That way, the market quotes can only go up, right?
Regards,
I tried to buy a few shares of SBER bank at $1.10, but the brokerage/SEC denied the purchase.
SBER is now at $.52. I saved $5.00.
Well, we don’t know what it’s at because the market is closed. The .52 is what it valued at at when trading halted. I picked up some at .72. Doubt I’ll ever get my money out of it unless Mr. P disappears.
Kind of hard to BUY if no one can SELL, and a stock only sells for what someone is willing to pay. Kind of the way markets work. Or maybe you forgot the /s. Seems to me the market is betting that Putin will stay in UKR and sanctions will be a long term matter. Holding off reopening is likely a move to allow the connected to make moves behind the scenes before regular investors can dump.
Bingo!
(Actually, didn't forget: Thought unnecessary!)
Regards,
Yeah halting trading always works.
Like try to catch falling sand.
Russia economy is kaput. Ya hate to see it.
Russian brides for sale, rock bottom prices!
Reminds me of 2008 .....
what a shame, imagine shorting the russian stocks and making millions in seconds.
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