TSXV:LUCK.H - Post by User
Comment by
blackgold14on Jul 15, 2021 6:01pm
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Post# 33556831
RE:Going Up Fast But Risky
RE:Going Up Fast But RiskySome people never listen. Where are the posters that roundly criticized me then ? Nowhere with their big fat mouths. In mid-February 2021, 5 months ago, I warned people on this board when LUCK was trading at $1.42 a share, that is was "Going Up Fast, But Risky". Today, it's trading at $0.40 ... a massive decline of over 71% ($1.02 per share). The posters can keep posting bullish articles about single event sports betting in Canada but that won't help the company now. They will need to show substantial revenue and earnings growth before this stock can even be considered a potential buy. Suckers invest in stocks with potential revenues and earnings. Pros invest in stocks where the company has already demonstrated material revenue and earnings growth. For the people that invested in the private placement earlier this year, I feel bad for you, but then again you fall into the suckers category. It will take years for you to break even on your investment, if ever. Time will tell.
I've been watching this emerging company since it started trading. The uptrend has been nice and the enthusiasm by retail investors for sports / esports betting ventures is very strong. At this stage I view it as a risky investment unless I start seeing what kind of revenues and earnings the company is generating. I was expecting them to release some results on how much wagering was done on their platform during the SuperBowl weekend. The only reason that they probably didn't announce anything is that the volume of transactions/revenue was low. That's understandable for a startup but as the stock goes up on speculation, at some point, it won't reflect economic reality. In other words, eventually someone will get caught holding the bag for awhile. I need to see numbers before I invest in any stock. Don't get me wrong. The stock may double within the next month but it could also drop like a rock. The float is small and investors are impatient these days. Once the stock rally stalls, nervous and day traders/flippers will want to exit. In my forty years eperience in small caps, what goes up fast, usually goes down fast. Good luck to all.