Loading ...This Is Called A Tell – Russian Stock Trading To Resume On Thursday After Record Market Shutdown
This is a likely a tell. By the weekend, if not sooner, there should be some definite announced progress in reaching a ceasefire and some sort of negotiations toward a settlement.
The oligarchs and Western banks (covertly) will be buying BEFORE any announcement regarding a likely ceasefire. Putin probably has a standing BUY order, his broker said what do you want to buy, Putin’s response, “Everything”!
Thanks for the heads up CM…good analysis
I bought 300 shares of Lukoil LUKOY ( on the US Exchange)
it was down 75% and is now down 90% …so I’m in the red..and it has been halted of course
maybe it works out
🙂
This also sets up perfectly for a Monday smackdown of gold and silver to reach my targets (if doesn’t happen before that)
CM could you further describe your analysis as to why this is a tell for a cease fire in the near future? Not saying you are wrong, but I can just as easily see this as Russia being in your face to the west. As in we will open our market and go it alone F-You. I am not convinced the answer is obvious.
They could have left it open or only closed for a few days if that is what they wanted to project. They will be getting in domestically BEFORE allowing the West to resume ETF’s although don’t know if they are part of sanctions (would think so). By the time things get back to pre-war or some semblance, massive short squeeze will happen. I won’t be involved because I never go with suspect juristictions including Russia, China, Mexico(except MAG and not for long) and South America. Opportunities at times but not worth the risk.
Even if the Russian bourse reopens, I doubt they will permit ADR trading in the west.
If someone sees remarks to the contrary, please post.
With RSX, ERUS and RUSL ‘frozen’, I’m watching CEE. I have it on sell short still.