Board 8 > Stock Topic 2

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Moonroof
04/02/20 2:50:18 PM
#301:


Ive been working full-time since 21. I dont spend money on things I dont need.

So are we all on board to buy LK today?
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barreldragon88
04/02/20 2:51:13 PM
#302:


Moonroof posted...
Ive been working full-time since 21. I dont spend money on things I dont need.

So are we all on board to buy LK today?
Good for you

I did, too early

---
Long live Saint Seiya!!
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Lopen
04/02/20 2:54:36 PM
#303:


Currently down around $100 on LK

Still feel good about it!

---
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barreldragon88
04/02/20 3:00:08 PM
#304:


AMRN needs to come back down so I can get back into that goldmine

---
Long live Saint Seiya!!
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Moonroof
04/02/20 3:04:20 PM
#305:


AMRN probably has another day of gains. But Im going on on the LK train
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red sox 777
04/02/20 3:08:56 PM
#306:


Oh wow, I had to get in on this LK thing once I saw it. Hope it bounces big tomorrow.

---
September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!
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CaptainOfCrush
04/02/20 3:10:04 PM
#307:


*looks into LK*

The stock is down because its COO issued fraudulent financial statements. You guys are gutsier than I am, I just can't pull the trigger on this knowing that their numbers are probably all bullshit.

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greengravy294
04/02/20 3:14:57 PM
#308:


Kinda wanna buy more Norwegian

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CaptainOfCrush
04/02/20 3:23:29 PM
#309:


All that said, I bought 150 shares like a total stooge. This is my "may as well put a grand on Buffalo to win the super bowl" gamble.

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Moonroof
04/02/20 3:24:30 PM
#310:


Whatever money you have for investing should go into LK.

Yes, the COO being a fraud is terrible news. But that is what makes the stock so profitable. It bottomed out in one day and will go up tomorrow, just like AMRN. I am fully prepared to eat my words though.
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Menji
04/02/20 3:26:07 PM
#311:


CaptainOfCrush posted...
All that said, I bought 150 shares like a total stooge. This is my "may as well put a grand on Buffalo to win the super bowl" gamble.

lol, same. Couldn't resist.

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CaptainOfCrush
04/02/20 3:27:45 PM
#312:


Well that's the thing - what if the ACTUAL financial position of the company is so terrible that any competent auditor would expect them to go out of business within a year? How are we supposed to know if the COO was cooking the books?

It's far more of a gamble than an investment. I just put a grand in because I'm a lucky prick who has some play money to burn right now.

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Moonroof
04/02/20 3:29:19 PM
#313:


Heres the only question: upon waking up tomorrow and seeing the stock at <10% gains, do you sell asap? There will undoubtedly be a big dip, so how are ballsy are you to hold on hoping for an even bigger spike?
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Moonroof
04/02/20 3:30:04 PM
#314:


CaptainOfCrush posted...
Well that's the thing - what if the ACTUAL financial position of the company is so terrible that any competent auditor would expect them to go out of business within a year? How are we supposed to know if the COO was cooking the books?

It's far more of a gamble than an investment. I just put a grand in because I'm a lucky prick who has some play money to burn right now.

I believe one of the reports I read stated that he was cooking the books around 40%. So its still a profitable company. Its the Starbucks of China.

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Corrik7
04/02/20 3:31:49 PM
#315:


Your next med cow?

https://13wham.com/news/local/roc-biotech-company-says-lab-tests-of-former-cancer-drug-confirm-it-stops-covid-19

---
Xbox Live User Name - Corrik
Currently playing: Spider-Man (PS4), Quantum Break (X1)
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Moonroof
04/02/20 3:34:15 PM
#316:


I cant find their ticker?
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red sox 777
04/02/20 3:34:36 PM
#317:


CaptainOfCrush posted...
Well that's the thing - what if the ACTUAL financial position of the company is so terrible that any competent auditor would expect them to go out of business within a year? How are we supposed to know if the COO was cooking the books?

It's far more of a gamble than an investment. I just put a grand in because I'm a lucky prick who has some play money to burn right now.

My logic is that unless more bad news comes out by tomorrow it'll bounce from people seeing the 80% drop and rushing to buy. And if it goes under within a year, well I'm planning to sell tomorrow.

As for their actual business, if their business is running coffeehouses in China their revenue for at least the first half of 2020 is going to be down like......90%. No one's going to a coffeehouse right now.

---
September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!
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barreldragon88
04/02/20 3:35:25 PM
#318:


I could buy more LK, but I'm not brave enough to do it. And then I'm going to regret it when it skyrockets

---
Long live Saint Seiya!!
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Moonroof
04/02/20 3:36:31 PM
#319:


People in China might be going to coffee shops. Isnt it better conditions than here? Not sure theyre up to no more social distancing. Regardless, the stock bottomed out (I hope).
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Corrik7
04/02/20 3:44:08 PM
#320:


Moonroof posted...
I cant find their ticker?
Oh it is private. Not public.

---
Xbox Live User Name - Corrik
Currently playing: Spider-Man (PS4), Quantum Break (X1)
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red sox 777
04/02/20 4:03:29 PM
#321:


Bought LK at $6.06. Closed at $6.40. Now we'll see what tomorrow brings.

---
September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!
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Moonroof
04/02/20 4:06:03 PM
#322:


I waited too long. Got it at $6.40. Fingers crossed homies.
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Lopen
04/02/20 8:03:44 PM
#323:


I think a company can only plausibly cook their books so much. I'm sure the company rakes a good profit. It'll be a bit lower but I feel the stock rebounds big time when they re-establish faith in the ownership

That might be a while though. I'm l
considering this one an investment more than gambling. I don't plan on selling tomorrow unless it goes up a ton.

---
No problem!
This is a cute and pop genocide of love!
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Moonroof
04/02/20 8:23:43 PM
#324:


Its been up as high as 12% after hours. Currently at 6%.
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Meow1000
04/03/20 2:37:48 AM
#325:


Did you win today y/n

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Never underestimate the power of stupidity in numbers. ~War13104
Never stoop to the level of idiots. They will drag you down and beat you with experience.
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Nanis23
04/03/20 4:30:18 AM
#326:


I took TQQQ at 48.60 planning for a long term investment and I was ok with it dropping

But then I read about how levearged ETFs are losing their values as they get more voltaile and now I am concerned

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wololo
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red13n
04/03/20 4:38:10 AM
#327:


leveraged ETF's are weird and best used for very short term gambles.

---
"First thing that crosses my mind: I didn't get any GameFAQs Karma yesterday." Math Murderer after getting his appendix removed.
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Moonroof
04/03/20 6:51:53 AM
#328:


LK down 1.5% as of 6:40am. Damn.
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Moonroof
04/03/20 7:03:53 AM
#329:


Up 5%!? Its going to be a wild two hours.
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Moonroof
04/03/20 8:47:37 AM
#330:


Full disclosure. Yesterday during extended trading hours (so like, around 6pm), LK was up 12% from close. I went to limit sell since that is the only option during extended hours, and apparently you dont get the full amount or something. It just go by Bid price rather than current price, which was like 3% less. So I held on.

At this rate, I might just sell even if LK is up 1% at open. Im super cautious and seeing this in red a few hours ago irritated the hell out of me. If it explodes and I miss out, Ill add it to the list of missed opportunities.
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DoomTheGyarados
04/03/20 8:54:22 AM
#331:


How about you just do nothing for a bit and relax

---
Sir Chris
Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM
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Moonroof
04/03/20 8:57:43 AM
#332:


Because my paranoia reigns supreme and if its not easy money than I fold. I firmly believe this stock will blow up to at least $8 at some point sooner than later, but I cant handle prolonged stress when I put sums greater than $10k into a stock.
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DoomTheGyarados
04/03/20 8:58:22 AM
#333:


You didn't really put a ton in. Really you are only exposing at most 4k to danger. Stock isn't going to 0 out

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Sir Chris
Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM
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Moonroof
04/03/20 9:04:03 AM
#334:


You are right. I must have faith in the process and see this through. Thanks for the reality check
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DoomTheGyarados
04/03/20 9:05:50 AM
#335:


I feel like our constant back and forth provides amusement for all who enter this topic lol. I am just playing persona 5 royal having worked early morning for my side gig and watching markets. Life is good

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Sir Chris
Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM
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DoomTheGyarados
04/03/20 9:07:15 AM
#336:


Cpg is spiking pre market. Might be an interesting stock to hitch a ride onto to see if you can get a quick turn around.

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Sir Chris
Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM
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Moonroof
04/03/20 9:08:03 AM
#337:


Lmao. My dude, I binge-watched ALL of Tiger King from 5pm-1am because I knew I wouldnt be able to fall asleep. And then I wake up at 6am after a night filled with dreams of being too slow on the draw to sell. We are polar opposites when it comes to this, but we both make it work somehow.
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Moonroof
04/03/20 9:11:26 AM
#338:


Im sure thatll be a good one to snipe. Unfortunately Im out of liquid funds (all unsettled or tied in LK).
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DoomTheGyarados
04/03/20 9:13:32 AM
#339:


Pre market made me back 60% of my losses yesterday. Hopefully it continues to be a strong day

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Sir Chris
Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM
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Moonroof
04/03/20 9:33:21 AM
#340:


Rofl. MEGEF and HPR both opened up way better. But LK still a great choice.
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Moonroof
04/03/20 10:25:43 AM
#341:


https://www.scmp.com/business/article/3078317/chinas-largest-car-rental-agent-halts-trading-hong-kong-shares-plunge-amid

Looks like this could explain LKs decline today. Hopefully an even bigger rebound is in store...
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DoomTheGyarados
04/03/20 10:29:31 AM
#342:


I lowered my average stock price by 60 cents by buying at the low this morning let's do this

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Sir Chris
Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM
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Moonroof
04/03/20 10:33:46 AM
#343:


I sold LK at $7.10 using stops this AM. Made $2100. Im rooting for it to surpass that for you guys though.
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DoomTheGyarados
04/03/20 10:34:56 AM
#344:


I sold some off at 720 and rebought back in.

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Sir Chris
Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM
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Moonroof
04/03/20 10:35:52 AM
#345:


The activity this AM was so fast. I saw it at 7.25 for a split second and next thing I know, my stop hit.
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neonreaper
04/03/20 10:38:34 AM
#346:


I sold my TSLA at break even this morning. Bought 300 in LK for funsies. Might buy some cruises at close. Pumping WFC. Im boring

---
Donny: Are they gonna hurt us, Walter?
Walter: No, Donny. These men are cowards.
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Moonroof
04/03/20 10:39:37 AM
#347:


Cruises are going to explode any day now.
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DoomTheGyarados
04/03/20 10:39:50 AM
#348:


Well I rebought back in at an average of 6.17 and now it is tanking. Well. Whee

---
Sir Chris
Doom The Kanto Saga - Animated Series - https://www.youtube.com/watch?v=6hH4wNFCrLM
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Moonroof
04/03/20 10:40:50 AM
#349:


LK is going to rebound. Itll take longer than we expected.
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neonreaper
04/03/20 10:45:50 AM
#350:


Moonroof posted...
Cruises are going to explode any day now.

maybe some crazy spike one morning. But I still have to go into work some days so I cant play for those - these stocks are going to hurt for a while. At least we know CCL has some long play to it now and the risk isnt as high as it was

---
Donny: Are they gonna hurt us, Walter?
Walter: No, Donny. These men are cowards.
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