Real Luck Group Ltd V.LUCK.H

Going Up Fast But Risky

[blackgold14]

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.