Luckin Coffee Inc (LKNCY)

[food4thought]

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.