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Well well well, the games the market plays. Fuggit, it’s the last day of 2020, why should we expect anything different.
GNOG, market cap 642 million at this price. That my friends is a massive under valuation. Market share and growth in the online gaming space, the multiple of the sector, the ridiculous valuation currently, all point upwards in 2021. This drop is pure manipulation for accumulation purposes.
Did not see this coming, unless it’s manipulation to let tutes get fully loaded.
I should have waited to average up but hindsight would make me a billionaire. Focus on the future boyz. Market and gaming space is hot...GNOG should certainly follow.
Deflating start to GNOG but the future is bright.
Yeah. Strange. I was expecting a gap up today at open not a 5% haircut. Soon tues will be spitting out price targets and real valuation will show up. This will catch up to the p/e multiples of draft kings and the like. Not worried but am surprised where it’s opening. Good luck to all GNOG’ers. We’ve waited long enough.
Oddly it’s trading down. Yahoo finance would provide a price. Ameritrade has it merged and real-time
Yes, he was on. He didn’t go into much other than that the merger was done and he spoke briefly about it and LCA III. I’m sure at some point once it gets some footing, mad money may have him on. Record gaming rev’s in Nevada. More and more states coming on line. This is a winner and it has as much upside as draft kings.
I put up so much my sphincter is twitching
GNOG gotta rip boyz
Sorry man. The chart rolled over and this got uglified for what seems to be no real reason. Now all those nice gap fills on the way up got messy. Looks like we’ll need another binary event to create supportive buying volume and momentum to the next level. I still think there is major upside potential here, but I get why you bailed as the floor fell out.
Yes. I did. The proxy link gave me the option to update my vote and resubmit or leave as is. I resubmitted as well to make sure the vote hit. I suppose they needed to do this as a result of moving the meeting for merger approval and vote tally rule modification.
That’s really brutal timing by Trump to push for an attack on Chinese listed companies while we were running up. LKNCY had real momentum. Not sure if mm’s made this an easy pull down target because of the previous issues or why it’s tanking. Story hasn’t changed.
You’re right tho, Li and NIO held up just fine. I was expecting a Quantum Scape type run with this thing once it was relisted and Institutions got back in. Disappointing for now.
So I go golfing and come back to Trump signing a bill to delist all Chinese companies from American exchanges. Wtf is that!! Talk about ruining an epic run. What bullshit timing that headline is!! I sure hope it’s political fluff at this point.
I’m not trying to convince you to buy, I’m simply stating my view point.
I’ve been in this stock since February. I’ve added, added, and added some more. It was a rocky road, but my cost average was low and this is where I hoped Luckin would get to someday, offering real and relative transparency with their fraud stigma in the rear view mirror.
As I’ve said many times, know what you own. There is risk in all asset classes. I’ve lost a fortune in bio tech and precious metals. I’ve made a fortune in weed and dot coms. They all had risk. The reason this stock has ran recently is because the risk has been greatly reduced and they have tremendous exposure to exponential growth opportunities. Luckin coffee, which has an established business model, is severely undervalued at its current valuation if all matters tied to fraud allegations are behind them.
If anything, wait on a pullback if that makes you more comfortable. It may or may not come. Good luck either way you go.
That’s ridiculous. They were silent due to the SEC hearing which has now come to a close. It’s a systemic process. They’re not going to offer guidance prior to dealing with the fraud allegations as all forward looking matters were dependent on those outcomes.
Agreed on all counts. And thanks for the insider confirmation on the process. With the growing number of spaqs coming to market and the necessary participation requirements to merge, you’d think this process would be under direct scrutiny and need for immediate technical advancements and streamlining. Business idea in the making!?
Put it this way, if this gets resisted, it’s essentially an IPO all over again and the press it will receive will be ridiculous. Institutions will flood back in, and if they prove real growth, which they will, with clean audited books, which they have to, this is the next 10 bagger. Simply adjust the market cap and apply the multiple to the current share price and you’ll see the potential. Current mc 2.38 billion, Starbucks 128 billion. Simple math can see where this is going. Plus cash on hand of roughly 500 million.
Not saying it’s a no brainer but .... not saying it’s a slam dunk but.... not saying it’s going to the moon but ..... as I said 6 months ago, know what you own. It’s a high risk/high reward play. The downside risk has been reduced.
Same. Click on the link, check the in-favor boxes and submit. Not sure why that wouldn’t apply to non US citizens.
Complicating the system by needing to make live phone calls in such a relevant participation makes zero sense in this day and age. Brokerage houses communication with shareholders appears to be the missing link.
I think they need to hold a special meeting to announce so aligning calendars through the holidays maybe an issue. I suppose they could call a newly dated meeting if so. It would be a nice surprise and would give the sp some much needed fuel. I’m guessing this will fade until the meeting on the 29th. I’d be curious if this is typical in spaq land, and if not, who dropped the ball?
Thanks. I just listened to the virtual meeting. Simply a lack of retail participation. I’m not sure if that’s a proxy delivery issue or if this is typical? I sure hope they get what they’re looking for by the 29th. Not sure what would happen if this scenario played out again?
Im not sure if they will have to issue a new proxy or simply extend the voting deadline to receive more retail votes. It’s no wonder they continued to state that shareholders need to vote. There must have been an indication that enough votes weren’t coming in to carry the merger. I’m not sure if this is typical in the spaq world, but I wouldn’t think so? And if so, I’m not sure why this spaq would differ from others in that regard. I’m really surprised. It sounds more like a lack of participation than nay voting. Who does one blame?
Yup yup & yup. Key resistance levels break will just add fuel and create new floors.
Their space/sector is hot right now tho. Take a look at any of the online gaming companies...they’re on fire. I’d hate to miss the run, but I guess valuation will adjust the sp accordingly post merger. Frustrating regardless. Good luck to us. Lucky for me Luckin has my barbell tipping green. Pun intended
Cheers to that! There is a lot of strength here backed by volume so that $17 ipo level is visible should she continue these intraday increases with small percentage gap fills. Phenomenal price action.
How they could not have the retail vote is beyond me!! Seems improbable. Maybe a large institution is asking for a buffer to load pre merger so they’re using that as the excuse to delay the merger. Seems unscrupulous but who knows these days.
I mean. Daaaaamnnnnn. SmilinB maybe rethinking his philosophy on this one. Price action is terrific. Gap fills on the way up. This has more room to run and plenty of legs to get there.
Shit. The price action and volume felt weird. I was guessing, but apparently my gut instinct was on point to my dismay.
I’m with ya bro. Made no sense tho regardless of broader market action. This is a security specific binary event that should drive the sp. I’m over loaded here so getting a bit fidgety. A nice smooth run up into the merger would have been easier on my heart.
Agree after seeing the recovery. The volume was alarming tho. All good. Looking forward to GNOG and a proper valuation to its peers.
It was on heavy volume too so that got my attention. My alerts triggered. Seems to be a last shake out maybe tho as the sp is recovering nicely.
Again, I was expecting different price action than what we’ve seen this week. Valuation Monday will be telling.
That drop is concerning. There better not be any majority vote issues.
Mornin. Feels a bit like Christmas Eve for me
My god I picked the wrong day to go Xmas shopping. Sha-wing.
This is only the beginning imo. There may be some gap fills along the way but there is a ton of room to run to the upside. OTC gapper coming again at open. FOMO still in effect. When this gets uplisted institutions will flood back in and it will test all time highs. Exciting times ahead Luckin lovers. Boom shackalacka!!
Good call. So far so good.
I’d say. I thought we’d be getting a steady diet of new highs rolling into tomorrow.
Volume explosion about to commence in 3, 2, 1 .....
Oh that’s juicy! Let’s ga ga ga goooo!!!!
Yessiree.
Now that they no longer need to remain tight lipped due to the SEC hearing, we should get more and more pertinent forward looking data. FOMO be real here. Cheers.
Yabba dabba doooo!! We be gappin and once the opening bell rings this will get silly.
Right there lies the reason why selling due to a lack of news is dangerous.
Fantastic. Hoping for a mornin gapper in more ways than one!! Cheers