Don’t Write Luckin Coffee’s Obituary Yet

From: investorplace.com

Practically every article you read about Luckin Coffee (NASDAQ:LK) stock lately has been negative. Frankly, it’s hard to blame folks for leaning bearish on a stock when there’s a trading halt in effect with no established endpoint.

If you’d like to explore the bearish side of the roller-coaster ride that is LK stock, feel free to read Will Ashworth’s persuasive article. I promise that no one will be offended if he convinces you to avoid the stock at all costs.

“At all costs” may not be the most appropriate phrase to use, actually, since you might not be able to buy LK stock at any cost. It’s entirely possible that when the shares are tradeable, they could go to zero. This is a scenario that should be kept in mind when mulling the risk-reward profile of this stock.

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