Russian stock dumped for a penny

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EToro has dumped its share of Russian Supermarket chain Magnit for $0.01/share leaving many investors with large losses: https://www.bloomberg.com/news/articles/2022-03-05/russia-st…

Earlier today Bloomberg News stated that Magnit had put a limit on the purchases of certain food items.

Putin may be getting his wish to return his country to the glory days of the USSR, with long lines for food, no money, no international travel, no tourism…

OTFoolish

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OTFoolish,

Ah the glory days of the Soviets when people at least could stand in line for food and did eventually eat.

No Putin’s goal is Imperial Russia. Those were the days when most people did not eat at some point in their short lives and died. The true glory of Russian might.