CBH1926 Posted April 2, 2020 Share Posted April 2, 2020 2 hours ago, nuckin_futz said: Seems fake Chinese numbers are all the rage these days .... Luckin Coffee shares plummet 76% after financial misconduct investigation launched Luckin Coffee Inc., the up-and-coming Chinese coffee purveyor, saw shares plummet 76.8% in Thursday trading after it formed a special committee of three independent directors to investigate “misconduct, including fabricating certain transactions” that spanned the second through fourth quarters of 2019 and involved RMB2.2 billion (about $310.1 million). Jian Liu, chief operating officer at Luckin Coffee LK, -75.725% and a director of the company, has been suspended along with other staff implicated in the misconduct. And the company has suspended or terminated contracts and deals with parties involved. Luckin Coffee may also take legal action. It has hired lawyers and forensic accountants to aid in the investigation. https://www.marketwatch.com/story/luckin-coffee-shares-plummet-72-after-financial-misconduct-investigation-launched-2020-04-02?mod=home-page ******************** Faking death totals, faking coffee sales. What's next? Yeah, I remember when this was $50 a share and I kept thinking no way this is worth that much. I made good money selling BABA but I have decided no more China stocks, BIDU, JD.TCEHY etc. They are fudging the numbers worse than MM at Wall Street. Link to comment Share on other sites More sharing options...
Jester13 Posted April 3, 2020 Share Posted April 3, 2020 Here's a good read on Air Canada... Air Canada: Be Afraid Of The Cash Crunch https://flip.it/pPf4Mj Might be worth holding out until they really bottom out and will force a bailout. If they go to single digits then it might be a great purchase. Link to comment Share on other sites More sharing options...
NucksPatsFan Posted April 3, 2020 Share Posted April 3, 2020 1 hour ago, Jester13 said: Here's a good read on Air Canada... Air Canada: Be Afraid Of The Cash Crunch https://flip.it/pPf4Mj Might be worth holding out until they really bottom out and will force a bailout. If they go to single digits then it might be a great purchase. Looool. I guess I'm in it for the long haul. Will average down when they hit singles Link to comment Share on other sites More sharing options...
Boudrias Posted April 3, 2020 Share Posted April 3, 2020 Just now, NucksPatsFan said: Looool. I guess I'm in it for the long haul. Will average down when they hit singles A market analyst I like wrote to expect another 15 to 20% drop in the major indices. AC isn't my cup of tea anyway so would never buy anyhow. Telus is getting good reviews right now. Link to comment Share on other sites More sharing options...
nuckin_futz Posted April 3, 2020 Share Posted April 3, 2020 10 minutes ago, NucksPatsFan said: Looool. I guess I'm in it for the long haul. Will average down when they hit singles Never let a trade become an investment. 1 Link to comment Share on other sites More sharing options...
NucksPatsFan Posted April 3, 2020 Share Posted April 3, 2020 5 minutes ago, nuckin_futz said: Never let a trade become an investment. Link to comment Share on other sites More sharing options...
Warhippy Posted April 3, 2020 Share Posted April 3, 2020 21 minutes ago, Boudrias said: A market analyst I like wrote to expect another 15 to 20% drop in the major indices. AC isn't my cup of tea anyway so would never buy anyhow. Telus is getting good reviews right now. Telus is unique. My wife works for them and I've been following closely. Their pick ups of ADT, Acme and smaller branches makes them the largest security company in Canada right now for home monitoring and security panels. Nobody else can play ball. This year the estimate was $500 million in the security market and Telus is now the big fish in that pond. Their estimate in house is to broach the $31 plane by Q4 for 2020 Link to comment Share on other sites More sharing options...
Boudrias Posted April 3, 2020 Share Posted April 3, 2020 2 minutes ago, Warhippy said: Telus is unique. My wife works for them and I've been following closely. Their pick ups of ADT, Acme and smaller branches makes them the largest security company in Canada right now for home monitoring and security panels. Nobody else can play ball. This year the estimate was $500 million in the security market and Telus is now the big fish in that pond. Their estimate in house is to broach the $31 plane by Q4 for 2020 Not only that but they issued a bunch of stock before the market crapped out. I had a Telus crew here about a year ago and the repair guy tried really hard to sell me a suite of their services. Security included with cameras. Another really interesting aspect of Telus is their health division and Telus International. I cut back my BCE and went full allocation of 5% on Telus a while ago. Link to comment Share on other sites More sharing options...
Warhippy Posted April 3, 2020 Share Posted April 3, 2020 1 hour ago, Boudrias said: Not only that but they issued a bunch of stock before the market crapped out. I had a Telus crew here about a year ago and the repair guy tried really hard to sell me a suite of their services. Security included with cameras. Another really interesting aspect of Telus is their health division and Telus International. I cut back my BCE and went full allocation of 5% on Telus a while ago. BCE was supposed to be a stock to watch with their roll out, they're currently still working within capacity and are a stock to watch for a number of people, but my money on growth is in fact Telus of the big 3 in Canada How has your 5% returned thus far? Link to comment Share on other sites More sharing options...
Boudrias Posted April 3, 2020 Share Posted April 3, 2020 1 hour ago, Warhippy said: BCE was supposed to be a stock to watch with their roll out, they're currently still working within capacity and are a stock to watch for a number of people, but my money on growth is in fact Telus of the big 3 in Canada How has your 5% returned thus far? It is down like everything else. It is a long term holding so even now I am up over 104%. There was talk of Telus spinning off their Telus International but no new news lately. Link to comment Share on other sites More sharing options...
HI5 Posted April 4, 2020 Share Posted April 4, 2020 Old man Buffet dumps his airlines stocks on the day these airlines announce they’re applying for government assistance..hmmm Link to comment Share on other sites More sharing options...
Warhippy Posted April 4, 2020 Share Posted April 4, 2020 31 minutes ago, HI5 said: Old man Buffet dumps his airlines stocks on the day these airlines announce they’re applying for government assistance..hmmm My money is on him swinging back on 2 or 3 in the next couple weeks Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted April 4, 2020 Share Posted April 4, 2020 Can someone explain to me how companies like Apache Corp (APA), Occi Petroleum (OXY), and NY Mortgage Trust (NYMT) can be posting 18%, 24%, and 74% dividend yields, respectively?! Is that not a giant red flag trying to entice investors? Link to comment Share on other sites More sharing options...
Boudrias Posted April 4, 2020 Share Posted April 4, 2020 13 hours ago, I.Am.Ironman said: Can someone explain to me how companies like Apache Corp (APA), Occi Petroleum (OXY), and NY Mortgage Trust (NYMT) can be posting 18%, 24%, and 74% dividend yields, respectively?! Is that not a giant red flag trying to entice investors? More likely an indication of how far their share values have dropped. Many examples of the same thing on the TSX. Link to comment Share on other sites More sharing options...
HI5 Posted April 5, 2020 Share Posted April 5, 2020 On 4/3/2020 at 11:32 AM, Jester13 said: Here's a good read on Air Canada... Air Canada: Be Afraid Of The Cash Crunch https://flip.it/pPf4Mj Might be worth holding out until they really bottom out and will force a bailout. If they go to single digits then it might be a great purchase. I’m starting to think Air Canada’s road to recovery after this is all over will be a lot longer than I originally expected. Initially I expected a quick turnaround now I’m leaning towards at least a few years now. So many stocks I’d like to buy, I need to sit down and come up with a sound strategy. Link to comment Share on other sites More sharing options...
Shift-4 Posted April 6, 2020 Share Posted April 6, 2020 22 hours ago, HI5 said: I’m starting to think Air Canada’s road to recovery after this is all over will be a lot longer than I originally expected. Initially I expected a quick turnaround now I’m leaning towards at least a few years now. I tend to agree. Can't see a lot of travelers until vaccine is out. Link to comment Share on other sites More sharing options...
NucksPatsFan Posted April 6, 2020 Share Posted April 6, 2020 Lol AC up today. Make up your mind AC Link to comment Share on other sites More sharing options...
HI5 Posted April 6, 2020 Share Posted April 6, 2020 (edited) They're saying an oil deal is close, to buy or not to buy and will Suncor cut their dividends? Edited April 6, 2020 by HI5 Link to comment Share on other sites More sharing options...
NucksPatsFan Posted April 7, 2020 Share Posted April 7, 2020 So AC is above where I bought it... wtf. Should I sell it for a marginal profit but guarantee no loss? or risk it climbing for another couple days? Link to comment Share on other sites More sharing options...
NucksPatsFan Posted April 7, 2020 Share Posted April 7, 2020 Played it safe and sold. Link to comment Share on other sites More sharing options...
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