Ubitag said:

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texagbeliever said:

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Spend $250 on a 7.50 call option? Downside is a $250 loss while upside is much higher.

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I will try it.

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Check the premium and dont chase it on the open.

LK is up 11% or so this morning and $7/8 may be too close of a strike. Depending on where you see it going could be a good lotto play witha higher strike or safer closer to the money. Not sure I see much value in an oct call. So maybe keep it shorter too? Those are my thoughts on it. I'm not planning on getting any more cash on this one.

My total holdings in stocks are up by 20%.

Should I sell them all at projected opening price as my limit?

I listed my stocks earlier.

Depends on how long term of a hold this is and your risk tolerance.

I think buying some call options and paying for that premium by selling shares for a gain so you are net free on the options makes alot of sense to me. Take some downside off but add upside for a big swing.

change my advice get out to certainly at least pull back on LK position. China replaced their chairman for Fraud.

Investors Underground referred to luckin as a trading vehicle not a coffee company. I think we was looking for it to keep climbing while buying puts or shorting the stock (I wasn't fully following).

That sounds like a good strategy to me but for the foreseeable future my take on all Chinese stocks is avoid and all companies that lie or practice malfeasance is to permanently avoid and this company is a combination of both.

Too many other stocks out there that this one is not worth the risk for me. I

I'm out. What a crazy stock. I can't handle it getting halted every morning and not knowing if it's for 5 minutes or 5 months

I sold out this morn and now need to find a good place to enter back


WES is doing good

Uhhhh not a good day for LK

At $ 9.70

This is my go to pump and dump stock. Have made mucho money on it and it is moving again. Reconstruction deal after bankruptcy but they have real assets, they are the Starbucks of China with quite a few outlets.


Proceed with caution but do put it on your watch list.

$9.00 to $9.98 today.

I suggest buying a little and watch this stock.

Move with caution

Keep toning that bell with this luckin coffee

$29.09 and climbing

LKNCY

https://seekingalpha.com/news/4038525-coffee-wars-luckin-coffee-outsells-starbucks-in-china

Loading up 2024

We will see

Nice article from
The company had initially enjoyed rapid success, listing on the Nasdaq in May 2019 and achieving a $3 billion valuation less than two years after its launch. However, an internal investigation revealed that the then-Chief Operating Officer had fabricated approximately $314 million in sales in 2019, resulting in his termination along with the former CEO. The scandal led to a $180 million penalty paid to the U.S. Securities and Exchange Commission and the filing of Chapter 15 bankruptcy in February 2021. Following a comprehensive restructuring effort, Luckin Coffee emerged from bankruptcy proceedings in April 2022. Despite its tumultuous past, the company has regained momentum, now surpassing Starbucks within the strategically important China https://www.forbes.com/sites/greatspeculations/2024/11/19/luckin-coffees-resurgence-challenges-starbucks-dominance-in-china/#