General Investing and Economics Discussion - No Politics

Techster

Techster

Helluva Engineer
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18,390
mts315 said:
Just an update on this if anyone cared...I bought about a week to early but as of today up to around $11 per share. So, getting close to doubling my money on this.
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Luckin Coffee, despite the accounting scandal, is still China's second largest coffee retailer. That's not going away. Eventually all the money they spent on expanding physical space and building their presence will be paid back. I compare them to JD.com vs Alibaba. JD spend years investing in their retail networks and setting up infrastructure...and investors saw losses for years. Unlike JD.com, Luckin tried to hide those losses, and obfuscated sales with promotions. Where JD is now starting to realize the upside from all the work they put into their earlier investments, Luckin is probably gonna have to go through a lot of pain doing it the right way.

I invested in Luckin at $19 and saw it rise up to $50+...then the scandal hit. I didn't put a stop loss on it and paid. I still hold my original investment, but obviously I took a hit.
 

Deleted member 2897

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GCdaJuiceMan said:
It’s crazy. A bunch of irritated redditors made a fund borrow 3 billion after the fund shorted the stock. Some rando put $50k life savings into GameStop in September and turned it into 13 mil.
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The road is littered with people who played the wrong side of that stuff too. Tesla should be like 1/10th or 1/20th the price it is today. But I learned a long time ago not to try and outguess other people.
 
Lotta Booze

Lotta Booze

Ramblin' Wreck
Messages
779
GME over 300

choo GIF
 
Techster

Techster

Helluva Engineer
Messages
18,390
Lotta Juice said:
Robinhood is living up to its name
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The crazy/hilarious thing is these hedge funds have the audacity to whine about a group of online investors teaming up to run them out of their short positions. Hedge funds have been playing that game for decades, and now they're getting payback from the masses...and they don't like it. LOL.

EDIT:

F%ck this guy. The rich don't like when the masses turn their own rules on them.



 
Lotta Booze

Lotta Booze

Ramblin' Wreck
Messages
779
Techster said:
The crazy/hilarious thing is these hedge funds have the audacity to whine about a group of online investors teaming up to run them out of their short positions. Hedge funds have been playing that game for decades, and now they're getting payback from the masses...and they don't like it. LOL.

EDIT:

F%ck this guy. The rich don't like when the masses turn their own rules on them.



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Yeah, if there's anyone to "blame" it shouldn't be the people simply buying shares. It should be those responsible for shorting too many shares without a hedge
 

Deleted member 2897

Guest
Lotta Juice said:
Yeah, if there's anyone to "blame" it shouldn't be the people simply buying shares. It should be those responsible for shorting too many shares without a hedge
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100%. Or look at the inverse - what they've done 100 times, which is to short companies or make big margin plays, make a ton of money, and that's all been okay. They're not allowed to make a bad bet? LOLOLOL.
 
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