On Thursday I told you guys about why I decided to buy shares of Didi, but that doesn't mean the company's IPO wasn't a disaster.
And I'm certainly not the only one talking about it.
Two of my fellow traders, WealthPress Senior Strategist Roger Scott and Joy of the Trade Head Trader Jeff Zananiri sat down this week to discuss the IPO as well, and here's what they think:
The Chinese government could jeopardize trading on the Asian markets as we know it… and there's nothing investors can do about it.
And when Jeff witnessed the Chinese government make this move, he saw it for what it was: They don't want money leaving the country and going into America. That's extremely dangerous for the future of IPOs.
But he also says he has the perfect pairs trade lined up to counteract this shocking turn of events. |
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