China asks Didi to delist from U.S. NYSE according to Bloomberg News. Chinese regulators have asked top executives of ride-hailing giant Didi Global Inc to delist from NYSE, Bloomberg News reported. In this video I will tell you what will happen to existing DIDI shareholders and what comes next.
Here is the full video I did outlining all the risks and dangers of investing in Chinese based companies through ADR units on NYSE and NASDAQ: https://youtu.be/ZcHCh9ziWmI
👏👏 Big shout out to our growing list of Patreons. For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
Here is the link for the 10% coupon code for TipRanks:
https://bit.ly/3BJA7KJ
You can now book a live 1X1 call with me via Clarity here: https://clarity.fm/tomnashv2
I dont have a position in DIDI stock.
DISCLAIMER: All of Tom's trades, strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching To'ms videos, please Don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
Here is the full video I did outlining all the risks and dangers of investing in Chinese based companies through ADR units on NYSE and NASDAQ: https://youtu.be/ZcHCh9ziWmI
👏👏 Big shout out to our growing list of Patreons. For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
Here is the link for the 10% coupon code for TipRanks:
https://bit.ly/3BJA7KJ
You can now book a live 1X1 call with me via Clarity here: https://clarity.fm/tomnashv2
I dont have a position in DIDI stock.
DISCLAIMER: All of Tom's trades, strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching To'ms videos, please Don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
Jesus effing C, it can't be any clearer –
Jim Cramers buddies – Jim, we need to sell out of DIDI at a good price, they're delisting soon
Jim Cramer to viewers – BUY DIDI, IT'S A GREAT INVESMENT
Aside from entertainment value, I quit listening to Cramer about 14 or 15 years ago over his pumping of Sears Holdings with the claim that his pal, Eddie Lampert was going to turn Sears/Kmart into the next Berkshire Hathaway, though I now have to "admit" that his tip on Didi looks genius in comparison since at least Didi is still a viable business even if its stock is effectively worthless.
"As long as capitalism stays on the communist good side…"
Market analysts proving, yet again, the importance of getting an education higher than kindergarten.
Jim's nanny (though he doesn't need one since his kids are millennials) is a lady named Fang Fang.
Hey Tom, I am your Patreon member. Bought HIMS when you made a video on it. The price is down by 20 percent or more since then, Can you please let us know if it is a hold or sell. Also If it is a good long time hold ?. Thanks
What about investing in Tesla? Can't the Chinese government just nationalize the giga-factory over there?
Ah China… Wouldn't you love to live there! Think of all the liberties you take for granted you would instantly loose?
If you’re so greedy that you will invest in China, you deserve to lose your money.
Cramer always been a crook — He has told YouTube how to pump & dump – how easy it is too spread fake news to move stock prices up & down — even make a few trades to start the moves.
Totally agree. Investment in any Chinese stocks is now in my opinion high risk. What China needs is an election.
this is exactly the reason why I said two years ago tesla was crazy to build a factory there. Elon has a way of pissing people off and that's not a good thing in china.
The stocks delisting have something to do with the power struggle between China's two powerful leader, Xi Jinping being the current leader and Jiang Zemin being the former leader. All the listed companies which become delisted are on Jiang Zemin's side, and when Jiang Zemin falls, these companies fall along with him. These companies listed on New York Exchange because they fund Jiang Zemin's families and allies. Xi wants to cut off Jiang Zemin's money support, he definitely uses any means to eliminate his political enemies, and delisting is just one of his tools.
I only invest in China stocks that government has money in if, nio, expeg and BYDD I don’t think they wanna screw their own investment
So glad I stayed away from Chinese stocks. No no to communist regime companies. Good call Tom. As usual.
It reminds me of some relationships I’ve seen where One person thinks they can change the other one. China never promised the west true capitalism. We want it it to be that way, we thought we could make it that way, but at the end of the day, it’s always the same in these sorts of relationships. It comes down to myth and reality. Letting go of the myth is the hardest thing about a breakup.
Thanks Tom for your insight on Chinese companies. Sold all my Chinese stocks a couple of weeks ago. Plenty of U.S. stocks to invest in. Would love to hear your thoughts on pros and cons of investing in SPACS.
I stop buying Chinese stock for months now as they’re unstable. I have only 10 Nio stock which I will get out of it soon.
You nailed it, Tom. I've not invested in any Chinese companies because I don't like stocks teetering on political whims. Same goes with US stocks, been burned on NAK when Biden derailed the already approved Fed permits.
It's the same Jack Ma. He was just "rehabilitated".
TOM, GOFF It could go parabolic on Tuesday. George Sharp is CEO, your kind of guy. GOFF goes pink current on Tuesday. US trader's were prevented from buying the last 60 days, just them damn Canadians could buy. The upshot? $5 for GOFF is a real possibility by Christmas. Next 2weeks is possible too, who knows. This PINK has legs Tom, . A SPAC candidate with attitude and credentials. $20 by February? I'll convert you yet bro 🤭, Happy Thanksgiving! 👋👋👍👍
Communists never change…if only America's youth had the slightest clue on world history and the consequences of voting blue.
I thought this was common sense. Never trust Covidchina on anything especially your money.
((((((((((((((((((((( G. O. B. L U E !!!!!!!!!!!!!!!!!! )))))))))))))))
Everybody is always attacking poor Jim…. some of the best traders on CNBC constantly get it wrong. That where our own risk management comes into play. Also don't blindly go into trades following what you see on TV.
Never take a chance on Chinese company!! and never trust Cramer
Even Chinese investors shy away from the Chinese stocks on Chinese exchanges. That got burned before and focused on just real estate, and now they got the rug pull there too.
Why would anyone in a free market, invest in companies based in communist countries. Blows my mind!
That's a cheap shot. Didi was the first of the new crackdown, nobody saw it coming. And Cramer literally spent everyday for the following 2wks afterward telling everyone to STAY OUT of Chinese stocks! Cheap shots don't make u look good.
great info again – but how will this relay to Tesla being heavily invested in China – China could do the same with Tesla and just screw them – i hope i am wrong with this
I've bought most of your stocks picks but I'm still unable to make profit. However, a few investors I read about were able to make profits of upto $450,000 in 3months, so am I doing something wrong? please i need tips on how to make substantial profit.
Absolutely love your response laughing at Jim “what’re you doing, stick to the plan!” 😂
There is an old Chinese proverb I think
" when the worm from horse's fly shits, there is a Chinese there with his mouth open"