Epic collapse of KWEB

Discussion in 'ETFs' started by nitrene, Aug 17, 2021.

  1. johnarb

    johnarb

    What do you mean it went down by 130%? KWEB went negative price?
     
    #11     Aug 18, 2021
  2. maxinger

    maxinger

    it was down 130% since Feb 2021.
     
    #12     Aug 18, 2021
    johnarb likes this.
  3. qwerty11

    qwerty11

    $16.90 low today, give it a few days more to arrive at $15...
     
    #13     Aug 19, 2021
  4. %%
    They're buying it on weekly chart, but its falling faster past 52 weeks > YANG. Looks like bears + investors are taking chicom stocks\ETFs down some more.They deserve it for thier bioweapon attack on US + the world. Chicoms make a good strong yellow crowbar with a good bear price, so , mixed market....................................................................................:caution::caution::D:D.
     
    #14     Aug 23, 2021
  5. maxinger

    maxinger

    The knife is still falling. It is trying to hit the ground.

    who knows, someone might try to catch the falling knife.
     
    #15     Aug 23, 2021
  6. nitrene

    nitrene

    Looks like a bear market rally today. Seems unlikely to hold today's gains but who knows. The 7/23/21 gap down is the 50-day SMA as well so that is probably the buy point ($57.46).

    kweb_20210824.png
     
    #16     Aug 24, 2021
  7. maxinger

    maxinger

    well. If you do it for a few similar stocks, you have to top up your trading account soon.


    This is the stock not for investing as there is no indication that it is going up (as of now).
    This is the stock not for shorting as the time to short it was a few months ago.

    In summary, there are other better stocks for
    investing,
    and there are other stocks for shorting.

    All the best mister.
     
    Last edited: Aug 24, 2021
    #17     Aug 24, 2021
  8. KWEB at 35 now. I was holding some OTM calls on this, but a bit surprised that the strike price I'm holding has changed, and so have all the strikes in the chain. For example, 80 has now become 77.42. Does anyone know why? Has there been some adjustment on this ETF, or is there something more worrying going on?
     
    Last edited: Jan 6, 2022
    #18     Jan 6, 2022
  9. nitrene

    nitrene

    According to the Kraneshares website there was an $2.5804/sh distribution on 12/31/21. That seems to be the reason. Hard to believe an ETF that lost >50% has any distribution.

    2021 Distributions
    Ex-Date Record Date Payable Date Amount
    12/29/2021 12/30/2021 12/31/2021 2.580389
     
    #19     Jan 6, 2022
    bermondsey likes this.
  10. mervyn

    mervyn

    there is a delisting overhang, until it is sorted, i'd rather buy their hk listed shares but right now it is the time yet.
     
    #20     Jan 6, 2022
    bermondsey likes this.