Share market sentiment was largely driven by events in the US last week. Earnings reports showed that tech companies by and large were performing better than expected and along with positive economic data showed that the US is likely headed for a soft landing as opposed to a recession. Meta (Facebook) in particular announced a very strong result and a maiden dividend. The US Fed also met last week and the quick take-away was that rate rises are over but ...
doctorpot1 :
ehhhhh it is not FUD it is real risk that investor should account for when investing. China company do not open their book to US to audit and now the new law by US is 3 years of no audit = delisting. China side also HAD asked chinese company to delist. Should not down play the risks as FUD because it is a law now. sure some may overreact cause their risk tolerant is low or don't know what is the implications. some will be happy and add more to the position as their risk tolerance is high or they know what will happen.
Dadacai楼主doctorpot1:
It appears your understanding of FUD is different from mine. To me, FUD has the likelihood of being realised so my use of FUD doesn’t mean there is no real risk.
doctorpot1Dadacai楼主:
I see. when WSB uses FUD they usually refer to it as fake news that is trying to cause fear uncertainty and doubt. this is the definition of FUD in wiki. Fear, uncertainty, and doubt (often shortened to FUD) is a propaganda tactic used in sales, marketing, public relations, politics, polling and cults. FUD is generally a strategy to influence perception by disseminating negative and dubious or false information and a manifestation of the appeal to fear.
Dadacai楼主doctorpot1:
Thanks for sharing. I guess that is the more popular usage but in the context of my article, I am simply using it to refer to negative setiments.
$CHINA EVERGRANDE GROUP(EGRNF.US)$ China Evergrande Group has supplied funds to pay interest on a dollar bond, a person with direct knowledge of the matter said on Friday, days before a deadline that would have seen the developer plunge into formal default. Evergrande abandons plans to sell a $2.6 billion stake in the services unit to rival Hopson Development Holdings. A defaulted private bond guaranteed by Evergrande, Jumbo Fortune Bond, secures a three-month-plus extension, REDD reports. Evergrande remits funds for a dollar bond coupon that was due Sept. 23 to avoid default before the 30-day grace period expires, a source says. Many countries haven’t seen the second wave yet form the shutdown. Just wait.
Very simple to understand. The price of assets like real estate , autos, etc., are grossly over priced relative to the purchasing power of 95% of all households. This is generally true on a world wide basis. This will be corrected by natural market forces in the form of a massive price collapse--50% price declines or more are possible for assets like real estate , stocks, bonds....$CHINA EVERGRANDE GROUP(EGRNF.US)$
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Jaymonie :
$Exela Technologies(XELA.US)$ 139% of slot, Short Sold (All in ..next gme and amc is here people) RISE!!! We make our stand here ! For the people!!
Mbfomo :
So you will buy or short amc? I hope it’s buy. I’m not too bad but could really use a win. Go get Reddit and be our pide piper and run it up to a number that gets real attention. Even $10 is great place to begin fomo.
$CHINA EVERGRANDE GROUP(EGRNF.US)$was due to pay $83 million of interest on Thursday for a dollar-denominated bond that’s set to mature in March 2022. Dollar bonds are typically held by foreign investors. Even if no payment is made on Thursday, the company will not technically default unless it fails to make that payment within 30 days. The troubles of Evergrande, the world’s most indebted developer with liabilities of $300 billion, have escalated in recent weeks and roiled global markets.
Asia-Pacific stocks were mixed on Friday, with shares in Japan leading gains regionally. The Wall Street Journal reported Thursday that Chinese authorities have told local officials to prepare for a potential demise of developer$CHINA EVERGRANDE GROUP(EGRNF.US)$. Uncertainty also remains around whether Evergrande will pay the interest due Thursday on a dollar-denominated bond.
SurfingSam : Very useful