that gets dangerous. but do they currently have holdings. like do they kind of become a closed end fund now? i'm also thinking of buying a small position as a call option.
UPDATE 1-Russian c.bank orders block on foreign clients' bids to sell Russian securities https://www.yahoo.com/lifestyle/1-russian-c-bank-orders-005741344.html
Remember guys, when those Russian equities go under, the stockholders gets only pennies on the dollar at best. The bond-holders get first dibs. And I'm not sure they'll even pay out to US-holders. That is one of the big risks. Someone prove me wrong here. That said, them Rosskie little shits better worry about them big Ukrainian assholes even more now. German 'stinger' deliveries to Ukraine are going to put the STING into Russian Stonk-Tanks. I can just see the old Russian vets right now fuming in anger at Germany while shaking their fists about the news. "Why'd you fuck us again bro?"
Russia Stocks Crash Even With Moscow Exchange Closed—Experts Call Market ‘Uninvestable’ https://www.forbes.com/sites/jonath...rts-call-market-uninvestable/?sh=304ec01b5a9a
Why would Russian trolls waste their time posting on ET of all places? All I'm saying is that the fundamentals of Russian stocks are favorable relative to many other markets across the globe based on a variety of factors (P/E, P/B, P/S, Schiller P/E, market cap to GDP, historical currency, % down, volatility, etc). The old adage of be greedy when others are fearful is easier said than done...
Can't they just buy total return swaps from banks and remain as an ETF? Not sure about whether that violates any sanctions but that seems like the path of least resistance.
The stockmarket in North Korea is very interesting too. But Russian and NK stockmarkets have one problem: they are controlled by dictators. And that's never good. The dictator makes and changes the rules for his maximum profit. Today Russian decided not to accept any orders from outside Russia to sell stocks. You see how reliable they are. What would you do if you had stocks and wanted to sell now on a stop? Nothing, just get slaughtered. 14 hr 29 min ago Moscow stock exchange open pushed back, sell orders from foreigners banned (CNN) I know a person who opened 3 Mc Donalds somewhere in Russia. They were friendly and helpfull. After 2-3 years the business was running very well. Then a man came to him and gave him a cheque. The man asked the Russian why he got this cheque. The Russian answered: from now on these 3 Mc Donalds are mine. You should be gratefull that you are still alive. And now go. You probably understand already that it was a very low price he got for his 3 restaurants. This is not a story, it really happened many years ago. Must have been around +20 years ago.