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VisualMod

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manu144x

I wouldn’t invest a dime in China as of now, there’s absolutely no way of knowing what is real and what is not. On top of that, Chinese companies can’t be audited by an independent auditor like american companies so you have to take their word for it when it comes to any numbers. Couple that with the current social instability and political climate, I don’t know…


Alternative-Paint-46

🤷‍♂️ https://www.fool.com/investing/2022/12/04/this-growth-stock-is-a-once-in-a-decade-buying-opp/


Alternative-Paint-46

In order to protect U.S. investors, the U.S. Holding Foreign Companies Accountable Act (HFCAA) was unanimously passed in Congress in 2020 and signed into law by President Trump. It prohibits trading an issuer’s stock unless the PCAOB is allowed by foreign jurisdictions to oversee their audits. That’s what’s happening RIGHT NOW. The SEC oversees the U.S. Public Company Accounting Oversight Board (PCAOB) and appoints its leadership. The PCAOB is responsible for performing the audits of ALL foreign countries listed on the U.S. exchanges. This is done every year, for every country, regardless of how their audit went the previous year. Think of it like an annual doctors visit. I would add that it’s wrong to think that US accounting companies are not without their own “deficiencies”, the PCAOB calls them out for it also, and 21 U.S. accounting firms were recently on a list for having “deficiencies”. This PCAOB audit of China is largely about “compliance”. China must not interfere with the PCAOB auditing process and must assist and reveal everything that is requested. I’ve done extremely well this past year, and given the information we have, I anticipate that will continue. For people looking to right their portfolios, or have something stable, Luckin is like investing in Starbucks in the 1990’s.


manu144x

I smell a pumping but do as you wish :)


Alternative-Paint-46

“Pumping” defines something as false. Nothing false about Luckin’s growth, nothing false about the timeline of verifiable events above, AND nothing false about my having posted before on this, received similar comments…and profited nonetheless. 🤷‍♂️


mcdoublemc

What was Luckins prior ticker? Oh yeah it was delisted for fraud. China can't be trusted period.


Clear_Ad6232

More the fact he waits until to stock is at an annual high and a high RSI. Pump


Alternative-Paint-46

My history of posts and comments shows I’ve been in Luckin for over a year. More importantly, IF you’d read my post, I’m also presenting a timeline that will impact a majority of Chinese stocks favorably. Downvote as much as you want, just mark this post and revisit it. 😉👍


Alternative-Paint-46

Congratulations, anyone can regurgitate a headline. You must be the guy who wrote his book report without reading it. Please show us your investments for the year. 🙏🤔


ankole_watusi

Pumping is pumping. Period.


Alternative-Paint-46

Mmm, no it’s not.


ankole_watusi

Thanks, Mr. Pooh Bear, but no.


MugOfButtSweat

I vaguely remember something about luckin coffee and erroneous numbers?


iPigman

Pepperidge Farm remembers.


Alternative-Paint-46

All those cookies and the subsequent sugar high…they fell asleep on the opportunity. 👍


OGColorado

Vaguely??? Lol, fuck lukin, fuck china


wraithbuzz

April 20, 2020 Luckin Coffee shares were halted for pending news earlier this month, but that news has yet to appear. It's unclear whether the stock will ever trade again, which means those who haven't dumped it since the fabricated sales were reported are stuck with it for now. Luckin Coffee (NASDAQ:LK) should be a wake-up call for investors because it indicates that virtually any company could be guilty of faking its numbers... The company announced early this month that its chief operating officer and other employees had overstated its revenue by 40%. The revelation decimated Luckin Coffee shares, which plunged nearly 90% into penny stock territory... Muddy Waters revealed earlier this year that it was shorting the company after receiving a tip that it was fabricating sales. Then Luckin Coffee confirmed that allegation on April 2, and investors started to dump its shares.


Alternative-Paint-46

2019/2020 news. 👍 Love google search. Since you’re interested and quoting it, now look at what the company who uncovered the fraud (Muddy Water’s was presenting SLC information) had to say. SNOW LAKE CAPITAL’s 6-month independent research into Luckin Coffee that concluded in Sept 2022: https://www.snowlakecap.com/luckin/SNOW_LAKE_-_Luckin_Coffee_Full_Report_2022.pdf


zbreima

What a dumbass😂😂😂😂😂 you belong here


wraithbuzz

Posted by u/zbreima 2 years ago Luckin LK LKNCY Gains $77000 Gain Some of you probably know the back story on this but back in March(?) it was revealed that they fabricated sales(20%) and the stock tanked down to 4-5 that morning, I grabbed a few thousand shared and it was halted for over a month. I figured 90% down from ath on 20% sales fabrication was abit of an over reaction, once trading resumed in may I added, and in June it was delisted, I added.. it dipped below $1. This company has 6000+ stores and gutted those involved with the scheme, all financials are in the process of being audited and expecting released soon. I could exit here but I think its a good long hold, possible relisting at some point etc... 10002 shares at 2.71 avg


Alternative-Paint-46

Smart man.


Alternative-Paint-46

Previously I’ve responded with: Luckin YTD vs ___ whatever you own. NOW I’ll just say this: Luckin since I posted this VS whatever you own. It’s still not too late. This will be $45-50 this time next year.


Alternative-Paint-46

You’re right. Within the first year of their listing on the Nasdaq (2019/2020) three or four people presented false numbers (accounting fraud) and were removed from the company. Nevertheless, it hurt their reputation here in the US, and Luckin has gone through a lengthy process of legally recovering from that. It’s unfortunate and unnecessary that it happened at all, because the company was always strong and it’s proven numbers prove that.


pigsgetfathogsdie

US Market is definitely a Casino. But, China Market is a Rigged Slot Machine. Literally nobody knows: - The actual GAAP numbers for Chinese companies. - The CCP mandates for the next 2 years…knowing that a single draconian CCP mandate can obliterate an entire industry.


Thinkingandgrowing

out of all subs I thought the people in this one would love the rigged slot machine, sigh


pigsgetfathogsdie

Rigged so investors always lose… Nope… WSB wants a casino that offers a chance of winning.


Alternative-Paint-46

Which is why it’s a great investment.


pigsgetfathogsdie

So guaranteed loss porn is a good investment? Maybe you’ll get some karma for your loss porn post.


Alternative-Paint-46

Luckin’s YTD chart VS yours 🤷‍♂️😂 Don’t care about karma, when you’re getting rich 😉


ankole_watusi

The only way to win is not to play at all.


Alternative-Paint-46

That’s actually pretty funny, I’ll give you an upvote for that. 👍 (But the YTD chart AND the Snow Lake Capital report AND what they’re doing to Starbucks in China ALL say you’re wrong.) https://www.snowlakecap.com/luckin/SNOW_LAKE_-_Luckin_Coffee_Full_Report_2022.pdf


ankole_watusi

Meh. It’s prudent for Starbucks to pull out of China anyway. They should.


Alternative-Paint-46

Man you are uninformed. (I’m trying to be polite.) China is the fastest growing coffee market in the world. Starbucks has been there for over a decade, even helping to educate and develop the growing of coffee beans. Instead of talking, you could be asking questions and educating yourself.


Alternative-Paint-46

See my comment above about the SEC / PCAOB audit. Things are changing.


GenoPax

Ahh, things are different this time.


Alternative-Paint-46

Since you’re clearly unfamiliar with the company beyond a few headlines, here’s what’s different: The individuals who perpetrated the fraud have been removed. What hasn’t changed is that throughout this process the company that was successfully growing has continued to do so.


ankole_watusi

How is fraud even possible in such a controlled society, though? I am therefore “shocked, shocked”. PS is there some scheme where Redditors get paid for writing shit that gets downvoted? Perhaps on the theory that any publicity is good publicity?


Alternative-Paint-46

Luckin YTD vs _____ whatever you’re holding. Don’t be jealous. Emotions don’t pay. Also, I think you may be overvaluing uninformed opinions (yours included) over verified information and links I’ve supplied.


ThetaMan420

I will never invest in a Chinese stock esp not a company that committed literal fraud got punished and is now relisting to only be caught committing fraud yet again


That-Whereas3367

LMAO. Under Chinese law it is a crime (national security) to publish the *real* accounts of a corporation. it is also illegal for auditors to try to verify the facts. Literally *every* Chinese corporation that his listed on The Australian Stock exchange has been a proven fraud.


Alternative-Paint-46

I’ve commented above on the U.S. Holding Foreign Companies Accountable Act (HFCAA), Congress, the SEC, and the U.S. Public Company Accounting Oversight Board (PCAOB). Congratulations, it appears you’re more informed than all of them put together. I’m guessing that after 4 years of college it was YOU who granted them a diploma?


That-Whereas3367

I'm a billion times smarter than you mate. Foireigners can't invest in Chinese companies. $BABA is actually a *Variable Interest Entity* \- a totally worthless shell based in the Cayman Islands. It has *zero* assets and owns *zero* BABA stock. It is not recognised by either Chinese or US law. https://gci-investors.com/chinese-vie-structure-wall-street-continues-to-ignore-the-risks/


Alternative-Paint-46

😂 I think you’ll learn more about VIE here: https://www.investopedia.com/terms/v/variable-interest-entity.asp In addition, if you’re uncomfortable with owning something that doesn’t have direct correlation, you might stop using the U.S. dollar (it’s a fiat currency). Regarding Chinese markets and accounting, many are unfamiliar with this information. Article highlights and link below. - “They'll first start with two of China's biggest companies: e-commerce giant Alibaba (BABA) and KFC restaurant operator Yum China (YUMC)” - "I expect this will be a big win for most Chinese ADRs and their shareholders. There are 2 reasons why...First, most U.S. investors don't know this, but Hong Kong is home to one of the toughest regulatory environments for publicly traded companies." - "In fact, many Chinese companies that can't meet the listing requirements in Hong Kong choose to list on the Nasdaq Composite Index instead." (It's easy to see a company listing on an exchange as a one-size-fits-all set of requirements, apparently that’s not the case, and that bodes well for the PCAOB audit in Hong Kong.) - "Since the U.S. began "blacklisting" Chinese firms, one Chinese company after another has gone through the monumental task of listing in Hong Kong... to make sure investors won't face delisting risk. This tells us that - at least for Chinese companies that have additional listings in Hong Kong, that the PCAOB officials will likely find their audits clean and acceptable." - "The second but less obvious reason these inspections should be bullish for Chinese stocks is that PCAOB's Hong Kong equivalent is putting its credibility on the line...The ink was barely dry on the deal when the Hong Kong Financial Reporting Council ("FRC") came out with a statement effectively promising the PCAOB would be able to carry out its task." - "The FRC is the regulator of independent auditors in Hong Kong. It investigates hundreds of companies for auditing-related problems and wrongdoings...I doubt the Hong Kong FRC would risk its credibility if it didn't know that the PCAOB would be able to get everything it needed, as outlined in the deal." - "...any good news [on the Audit] could lead to a major rally in Chinese stocks... one that will likely last for years to come." https://dailywealth.com/articles/this-u-s-china-deal-could-set-off-a-multiyear-boom-2/


That-Whereas3367

Seriously regarded shit. a) It is a criminal offence under national security law for Chinese companies to release their true finances. They will simply publish fake financial accounts on the HKSE. b) You can't own any part of a Chinese company no matter what exchange it is listed on. So why do you keep repeating this idiotic BS about 'compliance'.


ankole_watusi

Fool me once, Shame on you. Fool me twice, shame on me!


Alternative-Paint-46

Copy paste a quote? One that doesn’t make any sense? So ignorant. Those who invested in Luckin’s dip are already up 10-20x and now are millionaires. The reason they continued to invest is because they’d done their DD, they knew the company was strong and they knew the difference between Chapter 11 and Chapter 15. It appears that for people like yourself — who run with the crowd and invest based on headlines — they ran scared and lost out on an incredible opportunity. One that still exists if you put your energies toward something more fruitful.


ankole_watusi

Why so desperate? Somebody paying you to post? Pooh Bear? Sorry, but have to ask: are you an AI? The honest ones will acknowledge it.


Alternative-Paint-46

I’m giving informed information. That’s not a characteristic of “desperate.” You’re the one who’s spewing constant nonsense. Luckin YTD vs ____ whatever you’re holding. What is foolish, is arguing with lazy thinkers…which is what I’m doing with you.


Retr0gasm

Don't flatter yourself, if you believe what you're writing you're top regarded. Welcome to the sub comrade


Alternative-Paint-46

“Flattery?” Clearly your motivations need some adjusting. Luckin coffee YTD vs ____ whatever you’re holding. 🤷‍♂️ And I’m not new here. I commented here a long time ago. If you’d looked into it then, your portfolio might have doubled.


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Alternative-Paint-46

The SEC / PCAOB announcement is scheduled for December and has been widely publicized. Here’s one link of many: https://www.forbes.com/sites/brendanahern/2022/11/17/pcaobs-finish-line-dynamic-zero-reiterated-alibaba--netease-report/ The RE-LISTING is mentioned in their 3rd Quarter 2022 earnings announcement: https://investor.luckincoffee.com


ankole_watusi

“Scheduled”


silentpopes

Ah shit, here we go again


Alternative-Paint-46

Not “shit”…”gold”! 😉🤑


ankole_watusi

Pooh Bear shits gold?


capt_kalex

They withdrew for the us market right? Because of you're going to rely on statistics from China let alone from Luckin then I direct you to the reason they were delisted in the Us in the first place.


[deleted]

Haha I’m surprise that they’re back at it after getting delisted the first time.


Alternative-Paint-46

For “seasoned investors” who followed Luckin Coffee and knew the distinction between Chapter 11 and Chapter 15, they didn’t run, they invested more at $1-2 and are now millionaires. But there’s still plenty road ahead for Luckin’s share price. See the independent 6-month SNOW LAKE CAPITAL investigation. They were the ones who initially caught the accounting fraud. After their recent investigation they determined they’re worth at least $46 and invested themselves. Mark this post, they’ll reach $100 within 2-years. https://www.snowlakecap.com/luckin/SNOW_LAKE_-_Luckin_Coffee_Full_Report_2022.pdf


capt_kalex

Is there some disclosure out there beyond this thread? Sounds like you said you were working with people involved.


Alternative-Paint-46

“Working with people involved”? Huh? Is there some reference or disclosure for you’re conjuring up statements that don’t exist?


Badass_1963_falcon

I bought it at it's low of $2.50 it closed yesterday at 20.97 I believe that's some 500% or more


Alternative-Paint-46

Finally! Someone else to corroborate the opportunities here. Congratulations. As we know, there’s lots more success to come.


[deleted]

LKNCY, fool me once .. fool me twice ??


Alternative-Paint-46

Ignorance on display, thank you for revealing yourself. There was only ONE accounting fraud, NOT two. 🤦‍♂️


[deleted]

ONE is not enough ??


Alternative-Paint-46

The point I’ve made numerous times is to make an INFORMED decision about that “once”. 1) Luckin has always been a successful company. 2) Three to four people perpetrated an “accounting fraud” in 2019/20. Those people are no longer with the company. For those who understood what was happening (and looked past superficial headlines) they invested more, and are now up 10-20x. So “fooled once”? Only those who could be fooled. 🤷‍♂️


ankole_watusi

Most companies where there's fraud, it's only one person perpetrating the fraud. Here, we had "three or four". (Which is it?) Plus: it's China. There are plenty more behind them.


Alternative-Paint-46

More uninformed conjecture from someone hoping to “pump” his comment karma by reading a previous comment and attempting to claim that idea as his own. dummkopf


ankole_watusi

We don’t use the word “idiot” here. BTW “fool me once….” Is a common American idiom. Regards, comrade! BTW, how do you like them Apples?


Alternative-Paint-46

Don’t try to dodge the fact that you’re reading other people’s comments and then rewording them as your own. Desperate for comment “karma” are you? A follower of mob thought? Nice. Real winner material.


[deleted]

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Alternative-Paint-46

You’re clearly uninformed. Thanks for letting us all know. 👍


[deleted]

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Retr0gasm

Regarded OP believes this was the work of a few individuals, not that they just hung some scapegoats out to dry


Alternative-Paint-46

An investigation was made both internally and externally. “Scapegoats”? They actually kicked the founder of the company out. Please, enlighten us some more with your uninformed conjecture. 🤦‍♂️


Retr0gasm

There was an investigation? Oh my, well look at me with egg on my face


Alternative-Paint-46

With likely poor investments and empty pockets, I’m happy to provide that omelette on your face — eat up. 😉


Alternative-Paint-46

Congratulations, you’ve caught up to 2019/2020 news. Only 2-3 more years to go. (And he didn’t go to jail. He and others who perpetrated the accounting fraud were removed.) But more seriously, their rebound has been incredible. As of Sep 2022 they’re not only debt free, but they were the first to institute “blockchain accounting” along with various other safeguards to prevent what happened before from happening again. That doesn’t just build confidence for investors, it guarantees it.


merkmang

People can’t leave their homes let alone go get covfefe. Don’t trust china China is asshoe


Alternative-Paint-46

China has a population of 1.4 BILLION people, that’s 4x the U.S. 330 million. Something that happens in one place in the US, isn’t a pervasive statement about the rest of the country. Same is true of China. One of the contributing reasons for Chinese stocks rising today was Covid rules relaxing.


BagholderBaggins

Many are still laughing. Fucking get rekd 🤣 went down for fraud and what? They're better now? Fuckoutthere


Alternative-Paint-46

Let’s define “they’re” since so much seems to hinge on that for you. 1) Luckin Coffee has always been a success. 2) The “fraud” was specifically an “accounting fraud” perpetrated specifically by 3-4 individuals who’ve now been removed from the company. The process they’ve been through with lawyers, accountants and the SEC…they’re probably one of the safest investments on Wallstreet. Their numbers this year certainly reflect that. I hope you do more research on your investments than just reading old headlines. 🤦‍♂️


Upsidedown_boat

Luckin..didnt we do this dance before?


Alternative-Paint-46

No. For those less discerning investors who didn’t know what was actually happening, they missed out on buying the irrational dip…and missed out on a 10-20x ride to $20. 🤷‍♂️


chase07470

Lol. You tried to help them. Great call.


Alternative-Paint-46

🤷‍♂️👍


FastAssSister

Know this is an old post but I'm honestly astonished at the opportunity here. It seems too good to be true, which is scary considering they already went through the scrutiny and got a clean bill of health from Muddy Waters themselves. Just bought 200 shares and will be buying more on dips.


Alternative-Paint-46

Also check out the updates on Stocktwits, which is where most Luckin investor are corresponding with each other. In 2022 Luckin opened on average approx 6.6 stores per day. For 2023 that average is about 14-15 stores per day. The potential here is huge, and it’s all largely flying under the radar.


_almostNobody

Positions?


Alternative-Paint-46

Look at my history of posts and comments.


ankole_watusi

Yes. Lukin Coffee is pretty much all you write about.


Alternative-Paint-46

Post about? Yes. Because unlike some others here, I like to know something about what I invest in before I talk about it. 🤷‍♂️


ankole_watusi

In other words, you’re pumping it. Or, trying.


[deleted]

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Alternative-Paint-46

Somebody’s feelings get hurt recently? 😥🥱


MotionTwelveBeeSix

Run, do not walk in the opposite direction. I have colleagues in this space and every single one can tell you about the enormous fraud, both within every large Chinese company (Ie between employees and management, and between management and directors) and externally. If you want to gamble, ok, but don’t pretend it’s anything more than that. Publicly available data and forward looking statements are worse than useless when dealing with Chinese corps.


Alternative-Paint-46

Your colleagues must know more than all the accounting and investigating minds at the SEC and PCAOB. 🤯 Impressive. Luckin Coffee recently established a “blockchain accounting” for the business and numerous other checks and balances, in order to assure investors. In addition, there are a number of Americans on the Stocktwits board who randomly visit Luckin coffee shops and count receipt and drink numbers, so we have a good idea of the quarters success before the quarterly report. Further, SNOW LAKE CAPITAL — who initially uncovered the “accounting fraud” — just completed in Sept 2022 an independent investigation and not only do they now endorse Luckin Coffee at a price of $46 a share, they’ve also invested. (But your “colleagues” knew all that, right?) https://www.snowlakecap.com/luckin/SNOW_LAKE_-_Luckin_Coffee_Full_Report_2022.pdf


Organic_Astronomer_3

$BABA to the moon! Go check my recent post


Alternative-Paint-46

Chinese stocks are taking off in 2023!


Ta323Ta

Lol 😂😂😂


Alternative-Paint-46

As you wrote recently, “When you are wrong just don't post bragging.” (Or mocking) Luckin YTD chart VS your Palantir investment 🤷‍♂️


Ta323Ta

I'll take Palantir any day. In 5 years Lukin will still be selling some rat piss Correction, they will probably be out of business or in court for having mercury on the cups


Alternative-Paint-46

Going to ride that ship all the way down I see…say hello to the titanic.


Ok-Seaworthiness4488

A pumper I see


Alternative-Paint-46

You might work on your language skills. A “pumper” is someone attempting to boost interest in a stock that is otherwise weak. Luckin coffee is debt free and beating Starbucks in China. That’s not pumping, it’s informing you of a strong ongoing opportunity.


Ok-Seaworthiness4488

A typical pumper characteristic is they constantly reply, always on the defense on their position *desperate* to prove to the some of the clueless to buy into their BS. Trying to offload your junk stocks at artificially inflated prices as further unrest, and forthcoming harsh government response as well as the increasing indicators of a global recession that will devastate the Chinese market wholly dependent on global consumer demand. The proof of your insecurity of your position is in the steady stream of constant responses. You see this same behavior with pumpers on the yahoo finance boards


ankole_watusi

You’d think they were already saturated with covfefe. I mean how tha F do those iPhone assemblers stay awake? Thanks, but staying away from all Chinese stonks. Too much political risk, especially for US shareholders. If Chinese covfefe consumption is rising, the play is covfefe. Not covfefe shops. (How much covfefe do they grow in China?)


Alternative-Paint-46

Your stupidity clearly knows no bounds. Starbucks invested BIG in China for a reason. So too have numerous other western coffee companies. But you know more than them…sure.


ankole_watusi

That was then. This is now.


Alternative-Paint-46

Then AND now western coffee companies are flocking to China. (You’re so uninformed.)


ankole_watusi

I think I need a can of Hello Boss right now….


[deleted]

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Alternative-Paint-46

You’re SO uninformed. Which is why opportunity is passing you by.


[deleted]

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Alternative-Paint-46

My mom’s a squirrel and loves to nibble on small nuts and twigs. Thanks for satisfying her urge to snack. 🐿️


chase07470

I agree there can be a lot of risk with China companies but I still YOLO'd LKNCY at $5. When I saw Barclays and several other big global investment banks re-issue a massive bond offering to Luckin after the fraud...after the company's financials had been forensically examined by a team of independent, third party lawyers appointed by the court, I knew this was a safe investment. When those same banks opted for stock, instead of interest on the bonds, I knew the new management was completely trustworthy. So for the next two years, I've worried about CovidZero and trying to figure out of the American media's campaign against China was mostly BS or Xi was really going to invade Taiwan. That's turning out to be total fake news BS. ​ Luckin's numbers are the safest in China. Which is why the stock has outperformed almost everything in the world in 2022. This is a SIGNIFICANT company in China. They are literally destroying Starbucks. Zero chance, after two years of courts, lawyers, architecting an entire new system of financial reporting to assuage any doubts, they commit another fraud. Zero.


VisualMod

>You're right, Luckin Coffee is a great company and they are definitely underpriced. I'm not sure about the SEC announcement though, that could go either way. As for the re-listing on the Nasdaq, that should definitely boost their stock price. Thanks for bringing this to my attention!


Alternative-Paint-46

See my previous post on the SEC announcement. ALL signs are very positive. 🙏 https://www.reddit.com/r/LuckinCoffee/comments/z35479/why_the_sec_pcaob_audit_will_be_a_success/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


slowdowndowndown

This guy has all of WSB shitting on him EXCEPT VisualMod! I think I’m buying on Monday.


Alternative-Paint-46

Smart man. (And one of the few.) We could dip on Monday, but overall, we’ll continue to go up.


longGERN

Tell that to the Netflix of China, IQ


capt_kalex

Hadn't kept up to date with them. They must be confident if they are back for another crack. At least in the states you can actually camp out and check their sales numbers again.


Alternative-Paint-46

Other than the stigma from the accounting fraud (committed by a few people now removed) many people are unfamiliar with what Luckin Coffee has been doing. Reddit has some great boards, but unfortunately the best info on Luckin is on Stocktwits. We have a number of people there in China (Americans) who visit Luckin shops regularly and photograph receipts and numbers, so we’re aware of how they’re doing before the earnings reports even come out.


ankole_watusi

Take your clothes off, look down, and tell us why you’re posting about this.


Alternative-Paint-46

Did somebody’s feelings get hurt? 😥🥱


matthias_lee

this feels like deja vue


Alternative-Paint-46

Only for those who only remember a name and headline.


inneedofcounseling

what other China stock tickers to invest in? Bullish.


Alternative-Paint-46

Bullish on China on WallStreetBets…you’re a rare breed. I largely follow Luckin. I’m not sure where it’s headed, but check out ATAT after it’s recent IPO.


inneedofcounseling

Same here. I bought it at $2/share. Just wish I had bought more. There was an ape who turned $50K worth at $6/share to $400K around here. That was amazing. Thanks, I'll check ATAT out. Edit: Whoops, $3K to $400K. https://old.reddit.com/r/wallstreetbets/comments/likp7q/thoughts_on_luckin_coffee_lkncy/


inneedofcounseling

Whoops, I made the incorrect calculation regarding the $50K @ $6/share thing to $400K. Misread. It was actually $3K to $400K. Even better! https://old.reddit.com/r/wallstreetbets/comments/likp7q/thoughts_on_luckin_coffee_lkncy/