Delist pump it looks like! Be careful
$Kaixin Holdings (KXIN.US)$ Kaixin Holdings: Nasdaq Staff Determined to Delist the Company's Securities From the Nasdaq Cap Market >KXIN
Dow Jones· 4 mins ago
Dow Jones· 4 mins ago
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Jaguar8 : Yup. People love playing this delisting notices .
Rafey Jan : thanks for heads up.
Trytosaveabit OP Rafey Jan : Yup yup! You’re welcome
F HALE : Thank you
Trytosaveabit OP F HALE : You’re very welcome
Nidia_Girl : August 28 it will officially delist unless they somehow get extended lol so it's a gamble play
Trytosaveabit OP Nidia_Girl : Absolutely! But they sure can be lucrative! Hehehe
Arrayfunction Jaguar8 : Is that considered a type of arbitrage in the industry? I know about using swaps to hedge when trying to arbitrage trade in M+A to gain the spread between the announced purchase share price and the current share price which tends to sit below that. So I can't tell if playing delisting is actually as sophisticated as that or if it's more like a dead cat bounce where you are profiting from people's reaction delays from automated orders? (kinda like how the original day trades gamed the system in like the 90s)
Jaguar8 Arrayfunction : It can be both a delisting and DCB play.
Arrayfunction Jaguar8 : Thank you! I am trying to catch up on all the jargon
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