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If I remember correctly they shelved a billion shares several months ago. They could bleed shares here forever. Not sure they have a real plan or are advancing compounds and further. Patents are expiring on older compounds that showed proof of concept and some efficacy in early phase trials. They don’t have funds for furthering trials so....?
Wish I was wrong. This bitch hurt my feelings in a bad way a decade ago.
Board volume drying up.....things that make you go hmmmm
I’ll take that bet
Very nice price action today....
Keep an eye on the bid/ask spread as well. She’ll slide quickly once it gaps. For now it’s a runner until the shares clear and buyers exist.
Interesting to say the least tho. I held a massive chunk of this stock many many years ago when they submitted phase II and got obliterated by the FDA. Cost me a nice home in the Hamptons.
Just enough for the board to have a wing party at b-dubs on a Tuesday. Let’s go!!
Some will make bank tho. Others will have heavy bags. It’s the stock market.
You’re wrong....they’re not broke, they have $86.
Agree.
If LK cleans up their books, reports real audited financials, receives a compliancy status, and remains listed on the Nasdaq, the stock will soar. It’s that simple. Then real growth and fundamentals will come into play as far as a future price target.
It’s why I continue to trade around a core position. Today offered another a reload opportunity. My average on my core is upper 2’s, which I built when trading reopened after the halt. I’m concerned, but knew it was going to be a bumpy path forward. It’s really a Chinese consumer staple tech play, using data reach gathering similar to many companies these days. Coffee is simply the vehicle used to gather consumer data. Probably why they so quickly went into the delivery model, which Starbucks has emulated in China.
Trade the volatility. Expected news. LK is today what it was last week. Nothing has changed. Eventually fundamentals will be relevant. Delisting is all but built into this price.
Averaging down here is a logical play.
So.... we’re back to this again are we.
I wish I could live in a world of make believe. It sure would take the stress out of it.
Yeah it sure got dark in here
Transparency will set you free!
I’d bet you didn’t get away with much as a kid.
Did a snow globe fall on Bona’s head?
What gives...now he’s an LK ambassador and a self elected board bull? Ok. I’m in for a few weeks of Opposite Day.
I know many Jethros. But Ellie May, hot dang. Been searching for her and Mary Anne my whole life.
They’ve got a hundred bigger fish to fry every day with all the scams running during all this. Early stage small cap bios and off label Chinese companies running 500-600% a day on bogus PR’s only to be shorted back to zero. YGYI might suck, but they’re not going to be investigated by the SEC because they sold medical grade hand sanitizer during a pandemic and pumped it online.
I think I’ve entered the twilight zone. What is really going on here?
The fed blew up my reentry plan, hopefully you got some nice prices on that dip. I’ll be sidelined again minus a few heavy core positions
I think they call that
Waffling conviction. Yeesh
Not according to at least 20 people on this board that me I was about to make a bazillion dollars. Chit.
Are we back to toast status!?
Maybe, just maybe, the silence is due to privy negotiations with a looming settlement? The board supporters have gone dark? Did everyone bail or are their heads all buried in the sand.
Disclosure: I really don’t have a clue what I’m talking about. I threw a g at this lotto ticket, what feels like a million years ago, and it’s still green so....
All good things. Lacking any news, she’s set for a run.
Don’t have much in the game today, still waiting to reenter energy and consumer discretionary. Better opportunities coming.
I like it. She’s at the dance, let’s see if she can find a partner.
You can’t use your crystal ball after the fact.
When you sold I said watch for a 25% move either direction. Play the Volatility. 25% up, I would have sold half my position. That didn’t happen. 25% down, I will add. That happened and I did. I’m still holding those and will continue to until I see a break in trend. This is a juicy lemon.
How can put this politely....
Wrong, wrong, you are 100% wrong. Not only could you be wrong, you are wrong. Price action shows support not sell-off. Down broader market, yet green. This is a leg up. Buy the dips. Sell the pops for scalps and reload. Still working around a large core position.
Well if a bankrupt company can go from .40 to $6 in 3 days and then given the go ahead to dilute a billion shares before they go to zero, I certainly think a Saint of a Chinese company with full transparency can run to $50. In jest of course, but given the silliness of this market, the volatility of this security, and angst surrounding her listing status, there exists no ceiling, or floor for that matter. Your calling of it won’t do this or will do that is nonsensical.
A broken clock is right twice a day. Sooner or later someone will be right about LK. Scalp the airlines, cruise lines, hertz, Chesapeake, LK, whatever. I’ve made boat loads, pun intended, doing just that. LK offers a massive opportunity with eminent news. Off label Chinese companies have been ripping the past week. It wouldn’t take much to send $LK flying. Not sure why I’m trying to debate this with you, completely bored I suppose and it beats watching spectator-less golf, but you should open your mind, which could gain you some credibility. Can’t wait for Monday, weekends have become boring without a real sport to bet on.
Cheers.
This is insanity. The game has changed. End Result will ultimately be the same however.
I have a new diagnosis.....
He’s a bipolar self contrarian
Should be a politician. Comic relief
60/40 my guess. With 40 being the delist. Even if she gets delisted to the OTC, she’ll trade and could trade much more wildly imo.
Price determination will all eventually come down to real numbers, growth, forward projections, and market sustainability.
Logical statements.
Not sure they hold a candle to Bona’s in depth insight loaded with factual data, but a logical post nonetheless. Two thumbs up. ??
Don’t need answers.
Common is toast. Check the liquidity vs creditors and bond holders. They are majorly underwater. There will be nothing left for the common. Period.
Whoa. The only shorts left to squeeze are filled with nuts and bananas.
So Just to be clear, you’re saying you’re happy you sold at 4.44?
And you’re further saying no one knows anything about where this is heading, but your conviction is that we will never see $4 again and it’s headed to $2 or even a $1.50 tomorrow. Ok, you’re convinced yet no one knows anything. I’d love to sign to sign up for your newsletter. Valuable insight. Keep’er going my friend. What the....
Essentially it’s garbage. Reward no longer aligned with the risk.
Today’s market has far better run rates in all sectors with more rational to trading.
NUGT & JNUG : No floor with a low ceiling. No thanks.
Short shares were not available so don’t believe everything you hear. There was a borrow rate at 70% prior to the BK announcement so the writing was on the wall. Retail ran this stock in heavy volume. It’s over.....
Discipline is no fun but it pays the bills. Live to fight another day.
Nice play there if you caught it. Didn’t think an upside reversal would be significant enough to catch a meaningful spread. Should be a fun chart on the ride down.
The way they’re blowing up that trade on CNBC, I’d tread carefully.
The HRTZ and CHK trades I think are heading into the toilet.
The trading range in NKLA tho has me on the edge of my chair. More to come.