Gaotu Techedu Inc (GOTU)

[Triple nickle]

Added a few more

[glenn1919]

GOTU....................https://stockcharts.com/h-sc/ui?s=GOTU&p=W&b=5&g=0&id=p86431144783

[glenn1919]

GOTU................................https://stockcharts.com/h-sc/ui?s=GOTU&p=W&b=5&g=0&id=p86431144783;

[glenn1919]

GOTU....................................https://stockcharts.com/h-sc/ui?s=GOTU&p=W&b=5&g=0&id=p86431144783

[tw0122]

GOTU chart setup the V looks ready just need volume

[02opida]

GOTU.................................https://stockcharts.com/h-sc/ui?s=GOTU&p=W&b=5&g=0&id=p86431144783

[glenn1919]

GOTU.................................https://stockcharts.com/h-sc/ui?s=GOTU&p=W&b=5&g=0&id=p86431144783

[TrendTrade2016]

GOTU....ready to break out to 6.00

[parrot head]

I bought in Friday. Let it rip.

[Alan Brown]

Short squeeze

[Frankestin]

took my order!
I'm out for now... kinda sorry

[parrot head]

Why is this going up?

[Frankestin]

Well in short, if this is no longer delisted, it will hurt so much to the shorts

[Frankestin]

Not only must we guide the development of China-US relations on the right path, but we must also assume our due international responsibilities to make efforts for world peace and tranquility ... says Xi

[Frankestin]

I hope they throw kisses at the end of the call!

[Frankestin]

https://www.bloomberg.com/news/articles/2022-03-17/biden-to-speak-with-xi-friday-about-russia-white-house-says

[Frankestin]

+ 100% WHY NOT?

[Frankestin]

too underestimated

[02opida]

Good to share & thanks

[dealerschool2006]

GSX Techedu is mentioned in this article...

https://www.investopedia.com/department-of-justice-probing-short-sellers-5218273?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral

and this article explains the pr you posted and name change:

https://www.fool.com/investing/2021/06/11/why-gsx-techedu-stock-crashed-today/

$GOTU

[02opida]

BEIJING, Nov. 15, 2021 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a leading online large-class tutoring service provider in China, today provided business updates following the recent regulatory developments relating to after-school tutoring services, including the "Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education" published in July 2021 by the General Office of the CPC Central Committee and the General Office of the State Council of the PRC and the related implementation rules, regulations and measures promulgated by competent authorities (collectively, the "New Regulations").

In compliance with the New Regulations, the Company will cease offering tutoring services related to academic subjects to students from kindergarten through grade nine (the "K-9 Academic AST Services") by the end of 2021 (the "Cessation"). The Company expects that the Cessation will have a substantial adverse impact on the Company's revenues for the fiscal year ending December 31, 2021 and the subsequent periods.

The Company will continue to consider appropriate strategic opportunities that can effectively leverage the resources and knowhow accumulated through its past K-9 Academic AST Services, and will provide updates as appropriate. The Company will also continue to operate its business outside of the K-9 Academic AST Services and shift its focus towards developing course offerings and services for professional education, explore possibilities in digital products and vocational education, and continue to provide quality learning experience for its students.

[TruckingAngler]

Did GOTU have reverse splits in March & July ?
Did they go ch11?
Why the massive drops ?
TYIA

[timetomakemoney]

Watch is your price projection for GOTU? Do you think PPS will run up to 10.00?

[Frankestin]

tutoring packages will be sold together with other services.
The other services will be paid!
and everyone is happy and content

[Frankestin]

How much will he do today? $ 20 maybe that's cheap!
short squeezeeeeeeeeeeeeeeeeeeeeeee
on the horizon

[Frankestin]

here's some good news
CHINA TO ISSUE LICENSES FOR EDUCATION COMPANIES TO RESUME AFTER-SCHOOL TUTORING- WSJ

[02opida]

morning GOTU

[02opida]

good news to come here

[Jess070283]

Loaded up and waiting for the squeeze up!$$$$

[Frankestin]

A little piece of good news would be enough for a nice Short Tsunami

[LINK Oracle]

Holy consolidation. Breakout imminent!

[LINK Oracle]

Already working on that gap fill this morning PM

[LINK Oracle]

Nice consolidation here above $4. Gap fill to $10 incoming.

[Frankestin]

do we have to fasten the seat belts?

[Frankestin]

ooooOOOOOoooooh!

[LINK Oracle]

Moving back to $10. $4.3 break sends us to $10

[LINK Oracle]

GOTU T/A breakout before 2PM EST today per the chart.

[LINK Oracle]

Chart says next leg to $3.75 range starting now and $4s plus Monday

[Frankestin]

it seems they want to get over the 30s!
becomes interesting

[02opida]

morning GOTU

[LINK Oracle]

GOTU quietly moving up and about to cross the 50MA in the next day or two. This will return to $10 very soon with them increasing 35% YOY as presented the other day. Buying the $3.50 OCT15

[Frankestin]

https://files.genshuixue.com/1544314945_2vdzma10.pdf

[Frankestin]

Net revenues was RMB2,232.3 million, a 35.3% year-over-year increase.
Net revenues of online K-12 courses increased 51.0% year-over-year to RMB2,091.4 million.
Gross billings[2] was RMB2,694.7 million, a 12.2% year-over-year increase.
Gross billings of online K-12 courses increased 17.2% year-over-year to RMB2,574.5 million.
Paid course enrollments[3] increased 4.1% year-over-year to 1,631 thousand.
Paid course enrollments of online K-12 increased 4.5% year-over-year to 1,563 thousand.
Net loss was RMB918.8 million, compared with net income of RMB18.6 million in the same period of 2020.
Non-GAAP net loss was RMB763.9 million, compared with non-GAAP net income of RMB72.7 million in the same period of 2020.
Deferred revenue was RMB1,976.4 million, compared with RMB2,733.7 million as of December 31, 2020.
Second Quarter 2021 Key Financial and Operating Data

(In thousands of RMB, except for paid course enrollments and percentages)



Three Months Ended June 30,


2020 2021
Pct. Change Net revenues
1,650,314 2,232,254
35.3%

K-12 courses
1,384,968 2,091,355
51.0%

Foreign language, professional, admission and
other services

265,346 140,899
(46.9%)

Gross billings

2,400,996 2,694,732
12.2%

K-12 courses

2,196,077 2,574,536
17.2%

Foreign language, professional, admission and
other services

204,919 120,196
(41.3%)

Paid course enrollments (In thousands)

1,567 1,631
4.1%

K-12 courses
1,496 1,563
4.5%

Foreign language, professional, admission and
other services
71 68
(4.2)%

Net income (loss)
18,627 (918,791)

NM
Non-GAAP net income (loss)
72,712 (763,890)

[Frankestin]

In the second quarter of 2021, our revenue has reached a record high of RMB 2.232 billion.

Selling expenses margin in the quarter has also substantially dropped and has reverted to a similar low level that we recorded a year ago, and we have entirely stopped new fee advertising spending since mid-May this year. As you all know, the education industry has experienced some changes over the past few months. However, as the saying goes, we will begin with the end in mind when setting our strategy. We will always remain committed to our original aspiration of quality education, and we will seek to provide authentic educational services.

In the meantime, we have actively shouldered our social responsibility at our education company. Ever since May, we have successfully collaborated with multiple nonprofit organization, including the China Charity's Aid Foundation for Children, the China Youth Development Foundation and the China Next Generation Education Foundation, and the Henan Normal University by donating cash or free courses to aid the revitalization of rural area education and supporting the goal of providing equal access to education for all. To actively respond to the nation's call, we had recently and rapidly adopted the organizational structure of our company to focus on professional education and STEAM education. And we are further exploring opportunities related to digital products and vocational education.

First, we will continue to expand our investments in our existing professional education segments, such as financial certificate and the public office exam preparation, while constantly exploring more professional education portfolio opportunities, such as post-graduate exam preparation and overseas studies preparation, among which some have already achieved a better-than-industry average online. We aim to establish a diversified professional education portfolio with multiple segments. Secondly, we have also increased our investments in our STEAM education segment, which is developing rapidly. Take programming as an example.

Just in July 2021, the conversion rate from trial classes to regular price for courses exceeded 30%. Thirdly, we are simultaneously exploring new opportunities in various products and vocational education, continuing to reinforce the positive effect, technology and education content, and education tools and expanding our footprint across the education sector. We firmly believe that the education market in China will continue to grow steadily. We also firmly believe that the current education firm will play a very important role in the education.

We are confident that our company will live up to our responsibilities and mission. Since spring, we have made numerous breakthroughs in the K-12 area, including streamlining higher industry supply chain, refining the standard procedures, training experts, teachers at scale, constructing effective services, and improving operational efficiencies, all of which helped us accumulate a great deal of insight and expertise. We now plan to replicate this insight and expertise to STEAM education, professional education, and vocational education. And we sincerely hope that we can soon return to the profitable growth trajectory that we saw back in 2019.

As many of you know, our company experienced a severe cash shortage in 2016 and 2017 and almost went bankrupt. We call it the darkest moment internally. But it was exactly and that pressure that we came together as a united and effective team with tremendous, coherent and the best execution to build a miraculous business that generated rapid revenue growth and growing profitability over seven consecutive quarters. If 2014 was our first time as a start-up and 2015 was our second start, then we can say that 2021 is our third start.

As someone who has worked in the education industry for 33 years, I believe we should always have love for our family and our country, always keep the end goal of education in mind, always firmly believe that education is a noble profession and always have faith that the future ahead is bright, both for our industry and our society. Now I will pass the call over to our CFO, Shannon, to walk you through our financial and operational details.

[JackAskSlap]

Man what did you get yourself into ?!

Shoulda never left the sewers..

Holler when it’s ready

[Asamu]

get on stocktwits $GOTU this chat is dead.

[02opida]

BEIJING, Sept. 15, 2021 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a leading online large-class tutoring service provider in China, today announced that it will report its financial results for the second quarter ended June 30, 2021, before U.S. markets open on September 22, 2021.

[TradeSmart.ai]

She ready yet? $GOTU

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=%20gotu&TimeRange=365&Interval=w&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=100&Indicator1=AccDist&Indicator2=StochRSI&Indicator3=CMF&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[Frankestin]

Shorts still firmly in command!
No Regular