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Started By
Message
Congrats if you shorted $LK (Luckin Coffee)
Posted on 4/2/20 at 8:23 am
Posted on 4/2/20 at 8:23 am
quote:
Luckin Coffee Shares Plunge After China Launches Probe in Fake Sales Scandal
Luckin said fabricated sales worth more than $300 million are being investigated, and that investors can no longer rely on its prior financial guidance.
LINK
Closed at $26.20 yesterday, currently trading at $4.35 in pre-market.
This post was edited on 4/2/20 at 8:24 am
5
Posted on 4/2/20 at 8:24 am to The Egg
China sure does love lying
Posted on 4/2/20 at 8:27 am to castorinho
Glad I sold 2 days ago lol
Posted on 4/2/20 at 8:27 am to The Egg
holy lawsuit
Posted on 4/2/20 at 8:33 am to The Egg
Sbux pops lol
Posted on 4/2/20 at 8:34 am to The Egg
This should come out about every Chinese company sooner or later
Posted on 4/2/20 at 9:05 am to The Egg
WAIT, so a company from a communist country fabricated numbers???
Color me SHOCKED
Rest of the world needs to build a wall around China.
Color me SHOCKED
Rest of the world needs to build a wall around China.
Posted on 4/2/20 at 9:20 am to Pendulum
Yes, we do
Posted on 4/2/20 at 9:26 am to Jjdoc
Lot of hedge funds are buying this.
Posted on 4/2/20 at 9:54 am to Allthatfades
Painful, but I bought more today.
Posted on 4/2/20 at 9:56 am to FMtTXtiger
yeah sure you did...lol
Posted on 4/2/20 at 10:02 am to astonvilla
Yep. Had too. Owned at 26.00
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