china

Stay away from Chinese stocks

Stay the fuck away from Chinese stocks. Or even any EM stocks where you aren't 100% sure that the company and management isn't fraud. I have been privately warning about Chinese stocks for a while now and stand vindicated over the last few days. Shares of China‚Äôs Luckin Coffee plummet 80% after investigation finds COO fabricated salesLuckin Coffee disclosed that an internal investigation has found that its chief operating officer fabricated 2019 sales by about 2.2 billion yuan.Amelia LucasCNBCTAL Education Plunges in After-Hours on Sales Fraud DisclosureChinese…

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