Quote (SBD @ Feb 2 2021 10:23am)

Luckin Coffee never left my radar even after the whole fraud. While that is a major disincentive to invest, coffee imports have significantly increased in China.

China has historically been a tea drinking society with I believe over 95% of people being tea drinkers. Coffee has slowly been increasing its popularity with the younger generations.

https://daxueconsulting.com/coffee-bean-market-in-china/#:~:text=The%20demand%20for%20premium%20coffee%20beans%20has%20increased%20in%20China.&text=In%202019,%20China%20imported%2065,100,was%20some%20decline%20in%202019.

Forecasts are showing a fairly significant increase in coffee consumption in China.

But that begs the question why not jut invest in Starbucks.

Quote (Bazi @ Feb 2 2021 09:31am)

Bag holder reporting in

I’m green af today tho with Tesla and Disney yeet

Quote (Thor123422 @ Feb 2 2021 10:43am)

Theres a ton of illegal shit happening lol

It looks like theyre shorting shares, selling them at sequentially lower values to drive the price down, then just not delivering the shares by the settlement date to avoid losing money.

Illegal as hell but seems to be effective.

Quote (Bazi @ Feb 2 2021 10:47am)

I got an alert my buy order for $80 filled lol

Wtf I put this there last week and forgot I did. Figured it would expired start of the new month

Imma lose all my money probly

Quote (Bazi @ Feb 2 2021 09:38am)

Stay away from Luckin lol

Sincerely,
Former shareholder

Quote (SBD @ Feb 2 2021 11:19am)

I just don't understand why Sbux is trading near ATH, i thought you guys were semi locked down. I haven't looked at sales yet but I would have to think sales are down significantly.

Not to mention the price of the product during a period when many people are unemployed or on part time hours.

Quote (Thor123422 @ Feb 2 2021 10:54am)

Something to remember is that shorts were done when the stock was like $20. Hedges still lose buying at 100+. If they closed their short positions already they would be bankrupt.

In other news I bought my 3 shares back at 125. Dips like these before short squeezes happen sometimes, and RH will open tradong again on GME soon as the price goes down.

Quote (Bazi @ Feb 2 2021 11:55am)

I think smaller coffee shops probably took bigger hits

Starbucks drive thru were always busy af at least where I lived

I am just chilling

Amc hurts me more but I am just gonna hold that cuz taxes become too brutal

Quote (Thor123422 @ Feb 2 2021 11:57am)

Also chilling.

I need to get to a platform that doesn't have an app if I ever want to have success investing. This is becoming abundantly clear. My ADHD will not let me make sound long term investments when I can check them on my phone.

Quote (Bazi @ Feb 2 2021 12:12pm)

Lol it’s for this reason I don’t download the fidelity app

Quote (Thor123422 @ Feb 2 2021 01:41pm)

Excellent advice. Just deleted my robinhood app.

I'm already feeling withdrawals.