Luckin Coffee Inc (LKNCY)

[food4thought]

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.