My average on 1.5k shares just above $20. I’ll walk at $15, if we get there, and write off playing NG fo ever.

My problem lies within my inability to set a proper trailing stop loss being up 20k just prior to the Covid debacle. Then the fund manager began playing her games with deleveraging after the large fail. Bitterness looms.

Got the massage, now we just need a happy ending.

Come on NG finish. I’ve held this loser far too long.

So true.

These fund managers should be walked out to the desert and given what they have done to investors in their products. USLV, UGAZ, JNUG, NUGT, TVIX, etc. Criminals. Allow for a decimation of holders on the way down and anchor them on the way up.

Timing of de-leveraging and delisting just prior to the potential upside run in these to restore and recoup of value to the retail investor couldn’t be a coincidence. At 3x, my unrealized P/L looks a whole lot different.

Dirty rotten bastards.

This has turned into a heaping steamy pile of dogshit that has no life.

I still don’t get the delist. If this was an NG tracking ETN, which it was, and had plenty of investors playing both sides, which it did, then why would CS delist these vehicles and let them fade to black? Illogical.

Just curious....

How many times can you be loaded? Either you and were or you never were. Seems like a revolving oxymoron.

Credibility galore....


“Being a little bored today I allowed myself to watch the trading on LKNCY, I am sure that everyone else whose watching that the price will undoubtably break down and close the day $2.50-$2.75 unfortunately for those still HOLDING on.”

$2.50-$2.75 close. Spot on as usual. I’m sure your prediction for and thruout the day tomorrow will be equally as accurate. Not sure why I continue to respond to this nonsense! Covid boredom I suppose.

Sure. As I mentioned at $4, she wasn’t trading well. That’s part of the story. This will be bumpy. I knew what I bought. You got out at decent point. Feel good about that fitty cent. I’ve scalped enough to cover my core position downside risk. Play it how you like.

Binary events are coming. Either you believe Luckin will survive or you don’t. Its relatively that simple. Then fundamentals will come into play. Real revenue and growth potential will matter. It’s not complicated. To be hot one minute and cold the next based on a relative move in the share price is silly. Have you seen the stock market? Have you heard there’s a pandemic abound? 20% moves are like pimples on a sixteen year olds ass. They’re everywhere in every index.

How is that news.
No kidding they had nothing to do with the misconduct. They were brought in after the fraud was revealed to go thru the books and perform a company audit. Their role was an outsource assist not an internal game player.

Hell VXRT went from .25 to $17 this year, so why not. Not sure what could drive it but the volume is certainly there.

Can you say uplist yo! Jk. No idea. Weird.

Cash and equivalents equal to the current market cap. Wait what? Seems like a no brainer that with a growth factor and real financials, this thing can only go up. Debt structure relevant obviously and Lu’s shares remain a wild card.

I’ve been wrong before and I’ll be wrong again, but I’m buying more at these levels soon if it sticks around

Exactly. To keep one light on and pay salaries. They’ve been doing this forever. Molecule patents are near end of life and the pipe is empty. They haven’t pricked a monkey’s finger for years. It’s a death trickle to drain every penny.

Filing deadline was today. Capital losses still revert back to last year-end.

Luckin shareholders are now under communist regime. No unmonitored message board activity allowed. LKNCY under siege until all content is approved. Jk of course.

You watched one video, and now you’re in the Chinese fleece gang camp.

Political agendas, criminal involvement, real retail sales, mass data collections, what will drive the share price? All real considerations. If there weren’t uncertainties, this would be a fundamentally driven stock trading above ipo list.
I’m sure there are some truths in his reporting but until E&Y reports the audit, it’s all speculation.

You literally just said it was going to $2 five messages ago. Then you bought. Going to $5. Then it’s not. Sell off coming. Shouldn’t have bought. All within a twelve hour period. Come on man!

Take the advice of the other. Go buy proctor and gamble, uninstall all stock related apps and go golfing.

Sure it didn’t trade great today. Heavy manipulation. That doesn’t mean it’s the end all. Play the volatility. Every day won’t be a perfect bull trajectory. Understand what you invested in. The reset button has been hit on a coffee/data collection company that has a firm footing with massive growth potential. Audit and future fundamentals will provide the next price target. Weigh the upside potential to the down side risk. Any pullback and I’ll be buying more.

Read the article. The daily bipolar angst is silly.

Great find and good read. My sentiments exactly

Now I’m not here to talk shit, cuz I rarely do, but damn, had an alert set at 4.97, 50% position sell, and a buy at 3.52 with a 100% buy back. Better to be Luckin than good. That was some golden scalp opportunity right there. Let’s roll.

You bet. Banking on another one tomorrow. Cheers!

Yessir

Raise the roof baby! Run some volume into the close.

Fully agree.
The $50 to .93 cent move removes realtime technical analysis for now, with a delist as a kicker. Essentially this created a reboot to the charts and LK relies on beta events to establish new levels moving forward.

Great looking consolidation here with some strength. How they plan on washing Lu’s shares will be interesting. Shelving them and utilizing them for future funding at higher levels would be a shareholder’s dream. Big banks and IPO tutes will clearly have some say. And now that LK is in OTC land, most will want to cash out. The E&Y audit reveal will be the next big beta moving event. Fun times ahead imo.

Yes we do. Mucho resistance at that level. Looking forward to it.

Cheers

I can’t PM but thanks ABBA and best to you and those close to you.

Hanging tough. We’ll get to the other side.

Cheers to that.

I hope all is well with you too ABBA. Interesting times.

I got that too. A bit confusing.

What made CS delist these ETN’s?
They must be money makers.

How could they dissolve investments?

Do shares turn into a cash settlement based on the market closing price on the 12th if indeed they won’t trade OTC?

The email could have been more detailed in the action going forward.

Bull legs starting to grow. Gave up on these pieces of chit too early apparently. Imagine if this was a levered 3. Oh wait, it was.

Nice. Hope lives

Interesting. It will be further interesting to see how the shares are ultimately distributed. 2 year restrictive hold on those shares is clearly a positive.

These are fundamental beta events. TA has a place once the dust settles. For now Luckin will trade around risk assessments.

That’s been the narrative since gold 1150. Then Direxion takes away a multiple just for the fuk of it.

Upside compares to a short legged donkey carrying Rosie O’Donnel up a mountain on a 100 degree day. Incremental positive moves are quickly wiped out.

Looking good .....

German market likes the move. Bell ring gapper coming.

Thoughts on how stripped shares get ledgered?

My initial thought is that this has a profound positive impact on the balance sheet similar to a large buy back. Or would his shares get liquidated to payback ipo investment bank losses? His massive share stake will have a huge impact on share price in how this gets settled.

I read this news as a positive, don’t you? I would think the market would see it that way as well. Clearly Monday morning major volatility coming and an opening bell gap move. My guess would be to the upside. We shall see.

Certainly the press has their way of spinning things, but moving forward with clarity and removing the cancers and greed from the company thru shareholder majority should create some strength in the stock. Just my opinion, but I see this only as a good path forward, minus further indiscretions disclosed from the E&Y audit, which could create some near term downside pressure.

But again, comparing the current market cap with its pre-fraud IPO valuation, and given the potential growth possibilities amid the top brass douching, the company has to be in far better shape going forward than it was just a few months ago.

Yeah, I guess that’ll give us an indication where we’re headed.

The joys of the OTC....we’ll have to wait for the opening bell to see the reaction, but I got to believe this will create a run on the stock.

Great news. Being rare to oust a founder chairman in China shows real and positive progression. E&Y will now be willing to finalize and disclose the audit findings. Next step, growth plan and prospectus with real futures. M/C has to be forward looking at 4-5 times current. $10 stock minimum if no other discretions are disclosed.

Thanks for posting

Long shot but.....
They probably allowed him to vote his shares or had a delegate do so. That seems illegal but could be why LK pulled the appeal to remain on the Nasdaq. The OTC has far more leniency and the timing for the vote, coincidental, probably not.