|Day Low/High||21.13 / 22.00|
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Luckin Coffee's strategy of getting Chinese drinkers hooked on java makes the company good for an aggressive play.
When traders are flailing and investors are drowning, examples work best to illustrate what happens before a bottom is reached.
Leave this market? Damned if you do and damned if you don't.
We must hope this is a pause that refreshes, or we have to expect a rate cut sometime soon.
"Just one more thing." -- Lt. Columbo Another lesson learned. Beware "shiny objects." Historically? Pets.com, Iomega, bitcoin, Tilray etc. Now the Luckin Coffee IPO -- priced at $17, opened at $25 and now $14.75 (-15%)
You can't start a discussion about the issue, though, without going right to the most impacted stock on earth: Apple.
IPO investors might want to cash out on the big gains they've made on Luckin Coffee, the biggest listing of a Chinese company this year. Others shouldn't get in.