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Bona,
Could you clarify your position here please. I’m not sure I’m reading you correctly.
Dude....this neurotic play by play is really concerning.
Average down. The time is now! Revival of CX-717. The compound, an array of numbers and letters that will be forever burned into my brain. lol.
Good stuff....
R u still glad or no?
Yeah now please go away....
Can’t imagine how he orders in a restaurant. So many choices and decisions. Then the buyer’s remorse kicks in. Should have had the meat loaf. Sonofa
Bingo. Crazy market.
$LK : I’ve been trading around a heavy core position with a good avg. This volatility creates many opportunities. Nothing like HTZ or CHK but should be fun until news hits.
Thanks my man. Appreciate the props!
I didn’t like the close so I’d be leery of an early trade tomorrow. I’m going to see what shakes out prior to moving into a scalp position. 25% swing either direction will get my attention. GL
50% daily runners all over the place. Can’t remember the last time I’ve seen ducks on a pond like this...maybe 1999.
One to watch: NKLA
If you’re not already on to it.
You runnin ta on Chesapeake and hertz? Fun times
Yes. Fat fingers. Meant for LK
Scalp Inflection low 4’s for a bounce if she gets there.
A lot of Bi-polar people on this thread....
$LK
What’s up with the halt?
Bingo
$LK
He said he sold. Then he said he just made that up and is still holding. He said it would tank. Now he’s saying he’s not sure what to think. Quite the guru.
Calling him out because he’s as wishy washy as they come and has had my posts removed as they were contrarian to his own. I don’t lie. If I lose I lose. If I win I win. This guy on the other hand has made contradictory statements on a regular basis. Why even bother with him. GL today....let’s roll.
$LK
As volatile as LK has been, I would think so. Buy the dips has worked here. Not saying it will continue, but massive swings on heavy volume has been the norm since coming off the halt.
Clearly the gap fill is to the upside but the delisting clearance looms. I wouldn’t concern myself over the US regulatory push on Chinese companies. It’s real, but shouldn’t force a ticker removal of LK with all the big banks and US monies in this company. Those are forward looking political jousting statements that will take months to enforce if not longer.
I don’t offer trading advice, I just call it as I see it and I see LK with a lot of room to the upside. Watch the open, if it runs premarket, wait on a dip. If it opens lower than current price with a sell-off, wait for support near low 4’s, which imo, would create a buying/scalp opportunity.
GL however you play it.
$LK
In this market anything is possible. HTZ runs 5 fold after filing. Airline stocks double while losing 50 ‘million a day. Chesapeake doubles in a day on moderate energy data. Any down play of trade war data could run Chinese sector stocks. A quick double here is not out of the question given the silliness of this market, founded or not.
Wow. You make less sense than my coocoo ex-wife during our divorce proceedings.
Credibility zero!
Don’t remind me....
That history lesson brings up some god awful memories that cost me heavy six figures.
Those getting in now clearly have upside with penny land volatility.
GL
Delisting is the clamp on the coil. If they clear, this move will gain rocket fuel. Risk reward. I’m in the reward camp. This is not a ghost company. Real assets. Real earnings. Real growth.
Delisting is the clamp on the coil. If they clear, this move will gain rocket fuel. Risk reward. I’m in the reward camp. This is not a ghost company. Real assets. Real earnings. Real growth.
There has been huge volume with this volatility. There was consolidation at $4 and $5 on this move up albeit short lived. The gap fill is to the upside. Risk reward here is plentiful.
$LK. I’ll take mine with two scoops of sugar and some nitro froth.
Joker insight. Left in the game. Bwwhaaaaahaaaa
Bingo
Your high volatility style seems to do just fine. LK and the like sure beat trading around the JNUG family garbage.
I exited CAR, NCLH, BA, SPG, and DAL far too early it appears. Damn. New opportunities born every day I suppose. This market has to roll over sooner or later!
10-4
Curious why you picked 4.75? I don’t see anything on the intraday that would lead me that low. I got sucked back in at $5.10 on the drop.
Mucho resistance at $5. You’d think massive short covering would have driven this higher but not so much. Hold $4 and save the fight for tomorrow.
Boom shocka locka.......
So much gap to fill.
Lots of juice left in this lemon....
No longer a lemon imo
Right on que....
I’ve been wrong before and I’m sure I’ll be wrong again, but with the existing footprint and path forward for a company of this size in its infancy has to be focused on compliance and growth. Otherwise the cash cow dissolves. Again, heavily invested by American tutes and banks. We’ll see but again, the reward seems to outweigh the risk.
Consolidate in the low 4’s and runner after lunch. Upside outweighs the down. If Nasdaq compliancy clears for LK, she rips.
See you at $20 boys. So glad I doubled down. Sure hope y’all didn’t listen to clowns that said this was going to disappear and go to penny land. As I said, WAY too much money invested in China by American institutions and companies for the administration to pull the rug. Political posturing at its best.
Buy the dips....
I don’t disagree with your assessment of China but,
this is political posturing during a global crisis in an election year which breeds mass acceptance of credibility. Globalization and monies invested in China by American companies backed by American investment bankers and institutions, won’t crumble. Trillions hang in the balance. Regulatory restrictions and trade sanctions may develop but this is knee jerk stuff used to make headlines.
I’m all for American companies moving back to the homeland and creating global intrinsic leverage across virtually all industries, but that will take a massive upheaval of decades of woven global expansion and rooting deep within China’s eco structure. The cost would be astronomical. Government enforcement with bipartisan support would be extremely unlikely. Unfortunate, but at a time when our economy has be crippled, enforcing sanctions and penalizing companies for doing business with China would be further damaging. This will pass.
Epic nope. Just the opposite.
Opinion and rhetoric. Do you even know of what you speak?
Let’s play to your point, Luckin coffee is relatively recent and massive IPO that has, in a year’s time, fabricated it’s entire business and become a ghost coffee company that is supposedly operating under the protective cloak of the Chinese communist regime, yet you say they will be held accountable and have recently fired executives who will be sent to prison? LK fooled some of the largest institutional banks and investors, including the likes of Goldman Sachs and Blackrock, with their phantom business model and prospectus. Executives will now be held accountable and sent to prison....by whom, Chinese regulators, the communist militia? A government who enjoys fleecing American businesses and stealing their IP? Why would LK audit at all, no one is looking? Why fire top brass? Why come clean?
They voluntarily reported the overages and cooked books, yet had no responsibility to do so as a Chinese listed company. Chinese companies are currently not held to the same reporting criteria and regulation as non-Chinese listed companies. They could have easily played the fraud game for years without SEC investigation. Worldcom and Enron Mgt turned the other cheek for several Q’s without revelation and they existed right here in the good ole US of A. Why would Luckin give any indication of unscrupulous behaviors if they were a fraud. They were just listed. They have their billions. Why would a fraud shine a light on their books? I’m sure executives made out handsomely since the IPO. Why would they turn on each other?
Further, they recently sold $500 million of their debt. Does that sound like a shell of a company? This is brick and mortar. Not a dot com shell company. Their assets are easily valued and validated. You don’t sell that kind of debt if you are a ghost company that has recently revealed fraudulent sales entries. They exist. They have real stores. Google it. Current valuation is $540 million. A fraction of their IPO value. Which makes this a worthy gamble.
Finally, the potential delisting legislation presented by this administration currently has to do with Chinese government backed or owned securities listed on the US exchanges. They don’t qualify. They could however be delisted thru their own accounting actions and non-compliance with Nasdaq regulatory rules, but that can has been kicked down the road. They requested a hearing which can take up to 30-45 days to be heard. Again, creating a short-term worthy gamble. If they get a compliancy nod and remain on the exchange, their stock will fly. Upside vs downside risk. I’ll take the up here. Also, anyone buying here clearly understands the risk, no different than buying into one of the many hyped Bio’s currently in clinic or trials to develop a treatment or vaccine for the Covid virus nightmare cast upon us by those Eastern commies. So many bios have fleeced shareholders thru hyped clinical claims followed by immediate offerings. Is that criminal? It should be, but they do it all the time to raise money. Moderna’s recent unscrupulous acts seem equally as intentional as LK’s willingness to fluff the books. Both fleeced their shareholders that bought in at much higher prices. Time will tell if either will revisit those highs, but I’ll bet on Chinese coffee over a shot in the dark clinical Hail Mary, especially at these prices. If you want a safety net, buy proctor and gamble and save the preaching for teenagers not practicing social distancing. Cheers!
F4T
The only thing that gives me some pause on that reasoning is that there are large institutional US banks and investors in many of these Chinese companies. Not to mention some politicians. I’m not sure all politicians will want to completely destroy those investments with a hard line in the sand. Bipartisan support clearly exists but lobbyists will have their say too Im sure. That or they’ll get a heads up for an mass exodus strategy.
That’s amazing. Just a day after he said he would do everything to restore shareholder value and save the company. If his lips are movin he be lying.