Fire ravages Moscow shopping mall, killing 1 man

Smoke rises from the OBI mall in Khimki, just outside Moscow, Russia, Friday, Dec. 9, 2022. A massive fire has destroyed a shopping mall on Moscow outskirts, killing one man. The authorities said that Friday’s blaze at the OBI mall in Khimki on Moscow northwestern outskirts was caused by violation of safety regulations during welding works. The huge fire erupted early Friday before the mall’s opening and raged for hours, engulfing the entire building of 17,000 square meteres. (AP Photo/Kirill Zarubin)

MOSCOW (AP) — One man was killed after a massive fire on Friday ravaged a shopping mall on Moscow’s northwestern outskirts.

Authorities said the blaze at the OBI store, part of the MEGA shopping mall in Khimki outside the Russian capital was sparked by welding that apparently violated safety regulations.

The huge blaze erupted before the mall opened it’s doors to customers, engulfing the entire building of 17,000 square meters (183,000 square feet).

Officials initially said arson may have been involved, but later said it was due to unsafe welding.

A probe into the possible violation of safety rules has been launched.

One question that investors frequently ask is “when do I sell a stock?” That can be tricky to answer when stocks are going up, but it can be just as tricky when stocks are going down. And that’s even more the case when it comes to penny stocks.

Many investors who buy penny stocks do so knowing that they’re placing a speculative bet. This means they’re willing to hold on to the stock even when fundamental and technical trends are working against them.  But, depending on your position, there are times when it’s best to sell some shares even if you have to take a loss and try again another day.

Penny stocks are typically regarded as stocks that trade below $1 (i.e. for pennies on the dollar). But in recent years, the definition has expanded to include all stocks that trade for less than $5. And that’s the definition being used in this special presentation.

We’re looking at seven penny stocks that investors should sell now. Each has market forces that suggest the stock price still has room to go down. That means selling today can help you get a better price in the future.

View the Stocks Here

Leave a Reply

Your email address will not be published. Required fields are marked *