Happens to all of us. Hey if you were the best stock picker there is, wouldn't you be retired on a beach somewhere, trading a couple hrs in the morning? Anyways, Goldman, FMR, and others entered this stock $35/sh so we should be fine. They tend to look a bit longer term and their research arms said it was a good buy a that price point.
It is a shorting effect based on political events, down a lot but not with a big volume. As a matter of fact, all Russian ETF indices are up today. QIWI will recover the loss.
The sanction probably will have more impact on V and MA in the long run since it will lead to the inevitable emergence of a Russian payment network like Chinese Unionpay. There is no doubt Russians are capable of building it . Also other countries like India probably might follow suit.
I wonder whether this will lead to a wider adoption of QIWI sistem in Russia and its pereferals.
Has nothing to do with charts. Putin is playing tit for tat on US sanctions imposed on Russia's Central Bank. One of the latest sanctions bars Visa and Mastercard from doing business with them and at this point it's unclear how it will affect QIWI which is Visa based. Putin is talking about creating his own system which will replace V and MA but that doesn't seem doable if you really think about it. They're international bedrocks and Russia would find it difficult, if not impossible, to replace them with something out of Moscow. Stay tuned and hold tight if you have the stomach for it - this story just keeps getting stranger and stranger.
If Putin threatens to sell all his 300 billions in US BONDS, And if he does that it would cause others to do the same and crash the dollar. You see how fast the sanction idea will be off the table. They will go a different angle like Putting Tarrifs on Luxury automobiles and Boats instead.
Difficult, maybe, impossible, no.
BRICS nations are already setting up their own IMF alternative, and through it intend to set up their own SWIFT system. Probably because they are tired of the US monopoly upon these bedrocks and the US tendency to 'sanction' others by wielding these international systems as a weapon of foreign policy.
I can't say how this will affect Qiwi however. I never cared much for the business model in the first place to be honest. One trick pony which doesn't fit with Putin's vision and eats into market share of state run banks. We'll see.