Bought Several Thousand Shares of Gazprom Stock When It Crashed; Shares Frozen Now Because Of Sanctions

[mojo101]

Originally Posted by PoorYetRich

It just listed Gazprom as $1.10 a share. Now it's missing.

Is this market closed now?

It still reads $1.10 a share, 3 min later, I guess this market is not moving or it is closed

no more trading of Gazprom,even Yandex is not traded.

[treasurekidd]

Seems like a good time to post another Warren Buffett quote:

“If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes.”

- Warren Buffett

Seems like some on this board are going to get the 10 year experience starting now.

[PoorYetRich]

Originally Posted by mojo101

no more trading of Gazprom,even Yandex is not traded.

Thank you

[Jimmyp25]

Originally Posted by PoorYetRich

Thank you

im reading that it cannot be de-listed.. I guess this is a HODL for now. I de-risked a bit but will hold long on this one.

[Bitey]

Might be a good time to scoop up some Lukoil stock while you're at it. Down 92% in the last three weeks and a current dividend yield of 105%.

[RationalExpectations]

Originally Posted by treasurekidd

Seems like a good time to post another Warren Buffett quote:

“If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes.”

- Warren Buffett

I hadn't heard that one - thanks for posting.

[mojo101]

Originally Posted by Bitey

Might be a good time to scoop up some Lukoil stock while you're at it. Down 92% in the last three weeks and a current dividend yield of 105%.

where can you buy an Russian stock?

[T Block]

The closed-end-fund CEE has some Russian stocks remaining but has marked them down to zero. Apparently they sold larger amounts of Russian stocks when they could and now mostly hold Polish stocks.

Well, an ADR is a company in a foreign country that buys the stock but then accounts the stock to another company in another country. So there is foreign country regulation to consider but also international sanctions to consider. Simply for the foreign stock market to resume trading might not re-value the ADR's.

[mojo101]

Russian stock market open yesterday,no foreign sales allowed.