i too believe the price of oil impacts MBT just as it impacts the ruble and the entire Russian economy - across the board. however, this condition was exacerbated with MBT. oil prices did not account for a one day drop of 4.64% with another .43% selloff after the bell. another Russian holding (CTCM) did not experience anything like this beat down the MBT took. their is more at play here. it isn't good. i certainly would not be buying here...
yeah. however, you can't buy CGRW without going through the company and having to take physical possession of stock certificates. nope - no way i buy into someone who can only trade in that fashion. fly by night...
I agree that he is power hungry, dictatorial and "egomaniac" if by it you mean selfish. He is ruthless and cruel when need be, but he is not crazy like Hitler.
you gotta be joking. Putin is dictatorial, an egomaniac, power hungry, dangerous. however, the ruble is undervalued, Ukraine should settle down now that separatists are holding their gains, oil should be stabilizing and all these socioeconomic issues should begin to lessen their impact on Russian stocks. i bought into MBT today and financed it with the sale of CPB (Campbell's Soup). ironic and hopefully a good financial move. we shall see in the next few months - maybe even weeks.
People are misunderstanding Putin. He is not a Stalin, a Hitler or even Ivan the terrible. He wants to keep power and make Russia more powerful, but he does not want World War 3, he does not want to conquer the world. He is ruthless, but he is realistic.
Said same thing with Yeltsin and that was before Russia had three times more foreign currency reserves than the USA plus multiple times the gold reserves of the USA and even Switzerland. No doubt this political #$%$ is scaring lots of people out of Russian stocks. Is there really do doubt about it? Isn't the Ukraine paying Gazprom or is that all #$%$ too?
Go look up "Putin's Way" video. Shocking and very disturbing! Russia is going down, no doubt about it!
Sentiment: Strong Sell
If "ifs" were horses we would all be jockeys! Perhaps investing requires a commitment instead of rhetoric laden messages.