stocks

How I pick my stonks

The first thing I do is run a potential stock I may be interested in through a screener. My list of potential stocks are only stocks from sectors that I understand and am interested in. Circle of competence is the most important thing in investing. For me this is tech, consumer and parts of pharma. If it is anything outside this, it is out before I even begin. I already have a broad overview/knowledge of the business before I start studying it. Also these sectors historically have had very…

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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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