Home Forums Members Forum CHL – have to sell monday Reply To: CHL – have to sell monday

Sean HymanSean Hyman
Post count: 5643

Good info, Rachel. Thanks.

Aaron, yep, yu’re right. I addressed it on that thread. https://logicalinvestor.net/forums/topic/chl-_-averaging-down-point/page/3/#post-39636

Americans can no longer hold it in American accounts. CHL is traded in Hong Kong. Not sure it’s worth opening and transferring there, but that would be up to you. But here in the U.S., because of the presidential decree, you’d have to sell it if you didn’t transfer it to Hong Kong. d

So, a forced sell (by Monday with some brokers) would incur a loss. I guess one would just have to remember that we made almost 17% off of it last time, which would lessen that loss. Not much one can do when the president makes it illegal to hold them and then makes the date so near-term.