The few who tried their luck on Luckin Coffee
A follower was over the moon when he tried his luck a few days ago on Luckin Coffee. Read
more about our shorts here.
He longed at 1.39 and made a whopping 54% profits in 3 days. Of course, he was over the moon and was very excited. I shared his joy and gave him my congratulations.
The reasons I did not long is very simple. I have taken profits on this stock and have no confidence of it turning around anytime soon. Yes, the price is dirt cheap as the stock has fallen more than 95% from its peak.
Capital deployment to me is crucial and there are many trade opportunities that I want to take advantage of, thus I will not be parking any funds on this counter. To wait for it to rise up like the phoenix from the ashes may take a long while. With little data on its future development, it is good to leave this counter aside until more information is available.
more about our shorts here.
He longed at 1.39 and made a whopping 54% profits in 3 days. Of course, he was over the moon and was very excited. I shared his joy and gave him my congratulations.
The reasons I did not long is very simple. I have taken profits on this stock and have no confidence of it turning around anytime soon. Yes, the price is dirt cheap as the stock has fallen more than 95% from its peak.
Capital deployment to me is crucial and there are many trade opportunities that I want to take advantage of, thus I will not be parking any funds on this counter. To wait for it to rise up like the phoenix from the ashes may take a long while. With little data on its future development, it is good to leave this counter aside until more information is available.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.