Quote (Bazi @ Jun 4 2020 06:38pm)
I got 1000 shares at $17 average
thought I was clever getting in at $25
I averaged one time before it got delisted. I am not touching any of this and if somehow In hell it makes it to $11 I might just cut losses so I don't have to look at this anymore.
u see 6/5 expirations today, $4 calls up 10,000% no exaggeration
That's some serious dough you threw in Luckin. I owned Tencent & Baba previously but honestly i'm very cautious with emerging market equities. Another monster move higher today. GL mate hopefully you recoup most of that money. I'm still holding all my shares but i only have a very small few hundred dollar lottery ticket position, might sell around 10 if it gets there soon otherwise hold.
Goldman has a large stake as collateral from the CEO so i doubt they would let this get delisted before pumping to get at least some money back. I think pretty soon they will come out with some news, essentially kitchen sink all the fraud, show the real earnings, have a real accounting firm stamp of approval and the business will be re-priced to some fair value. Who knows what that fair value is but if i was a betting i'd say it's closer to double digits rather than single.
This post was edited by ofthevoid on Jun 5 2020 08:58am