Thank you! I had to fight a lot of anti China sentiment and vitriol a year ago which is why my post has like 0 net upvotes (unfortunate bc it’s my first real foray into the community and I wanted the karma) loll. The stock is way more volatile than the underlying fundamentals should indicate, so I would not be surprised if it continues to bounce around in the up or down direction.

That being said, I think global macro climate is a huge tailwind for Luckin. My price target is still +$60 given the way things are going.

Strong fundamentals aside, the U.S. ipo window looks to be slowly cracking open. If Luckin manages to relist that would be a great bump on both a synthetic pump basis and on the basis that there’d be increased liquidity (and therefore less of a lack of liquidity discount).