Luckin Coffee Inc (LKNCY)

[Smilin_B]

Im presently at a loss on the shares I picked up today.

My thoughts are that "they" (whoever they are) are going to try and trigger more margin calls by shorting this down below $5

That can happen Monday.

Then we have the relatively elevated percentage of short interest, although I don't have an accurate figure in front of me.

I think that if LK can regain it's footing back over $6/share at some point this coming week, and the class action lawsuits no longer have a negative impact, then the shorts may BEGIN to cover buy back to close out their positions.

LK is grossly oversold

% From 52-Wk High ($ 51.38)
-89.53%

% From 50-Day MA ($ 33.45)
-83.92%

% From 200-Day MA ($ 27.08)
-80.13%

% From 52-Wk Low ($ 4.90)
9.80%

52-Week Performance
-71.65%