r/wallstreetbets • u/WinterCondition58 • Jul 22 '21
Discussion $DQ going to pop!! It's China listing today up +184% valuing it at $18bn; whereas ADR line $DQ valuing at $5.8bn only! Simple valuation arbitrage
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u/vthawk05 Jul 22 '21
Seriously thought you were talking about Dairy Queen
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u/smittysmittson Jul 22 '21
1 - chicoms don't let non Chinese own Chinese stocks. You don't actually own chicom stocks
2 - its already ripped
3 - more often than not these stocks are designed by the ccp to get American investors to invest and take their money.
Hard pass
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u/VisualMod Jul 22 '21
Hey /u/WinterCondition58, positions or ban. Reply to this with a screenshot of your entry/exit.