LK

Nasdaq to suspend trading of Luckin Coffee shares from Monday

 

Hey it got decaffeinated lol

 

it was a nightmare, as i sold 15 lots of 25 puts before April 2, when LK admitted it cooked the sales. I lost quite a lot. I am from Taiwan and blindly trusted this company's model and even visited China to see its stores' operations.

In hindsight, I should have bet all my wagers on PDD instead, which i noticed when its stock price was below 30.

 

I guess you sold put before the price gaped down.
It must be very painful.


that's why I migrated from swing trading to day trading.
And I stopped reading those company reports and stopped listening to CEO speeches.
just focus on chart and that's good enough.

 

Why I won't go back to Swing Trading, just too much work and Bullshit!!

 

Me too, doing much less swing trading and more daytrading since headlines can cause adverse gaps

 

Sorry to hear that.

Because of tail risks, with those volatile Chinese stocks and opaque financials, I would go long options on them to limit downside risks.

 

Lovely puts I got at 1 strike buyed last month

 

Call me crazy. But last Friday before the bell, I got in (equity, not options) @1.42.