Epic collapse of KWEB

[johnarb]

It went down by 130%.
.

What do you mean it went down by 130%? KWEB went negative price?

 

[maxinger]

What do you mean it went down by 130%? KWEB went negative price?

it was down 130% since Feb 2021.

 

[qwerty11]

$16.90 low today, give it a few days more to arrive at $15...

 

[murray t turtle]

I used to own the 2X KWEB (CWEB) fortunately I sold some back in April and the rest back in June, but I haven't seen such a collapse in the middle of a bull market like this ETF.

Amazingly it is back to April 2020 levels. I assume the CCP crackdown on theses stocks has made them uninvestable.

Does anyone think this has bottomed yet? I sold CWEB back in the $ 70s it just hit $18 today.

View attachment 266087 View attachment 266088

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They're buying it on weekly chart, but its falling faster past 52 weeks > YANG. Looks like bears + investors are taking chicom stocks\ETFs down some more.They deserve it for thier bioweapon attack on US + the world. Chicoms make a good strong yellow crowbar with a good bear price, so , mixed market.....................................................................................

 

[maxinger]

The knife is still falling. It is trying to hit the ground.

who knows, someone might try to catch the falling knife.

 

[nitrene]

Looks like a bear market rally today. Seems unlikely to hold today's gains but who knows. The 7/23/21 gap down is the 50-day SMA as well so that is probably the buy point ($57.46).

 

[maxinger]

Looks like a bear market rally today. Seems unlikely to hold today's gains but who knows. The 7/23/21 gap down is the 50-day SMA as well so that is probably the buy point ($57.46).

View attachment 266530

well. If you do it for a few similar stocks, you have to top up your trading account soon.


This is the stock not for investing as there is no indication that it is going up (as of now).
This is the stock not for shorting as the time to short it was a few months ago.

In summary, there are other better stocks for
investing,
and there are other stocks for shorting.

All the best mister.

 

[bermondsey]

KWEB at 35 now. I was holding some OTM calls on this, but a bit surprised that the strike price I'm holding has changed, and so have all the strikes in the chain. For example, 80 has now become 77.42. Does anyone know why? Has there been some adjustment on this ETF, or is there something more worrying going on?

 

[nitrene]

According to the Kraneshares website there was an $2.5804/sh distribution on 12/31/21. That seems to be the reason. Hard to believe an ETF that lost >50% has any distribution.

2021 Distributions
Ex-Date Record Date Payable Date Amount
12/29/2021 12/30/2021 12/31/2021 2.580389

 

[mervyn]

there is a delisting overhang, until it is sorted, i'd rather buy their hk listed shares but right now it is the time yet.