riffy
2022-12-09

No one is taking over this company. Fact is its a rediculous multiple for this market. They have cash and will continue to buy back shares and manipulate the price. I bet they buy twice the puts for each share they buy. One thing I havent dug into because its not worth the time, is if its true that their expansion into other countries is in fact a seperate subsidery and not benefitting shareholderrs. I read somewhere its seperate and was just the additional red flag to me that I needed to dump back at $7. Fact is this is just a maniuplated stock that wont see any real growth aside from pump and dumps. These guys burn cash and I wouldnt be surprised if that cash burn went into the subsidery for its expansion that shareholders get nothing out of. Don't quote me but there are a lot of write ups in the chinese papers about this company. Balance sheet was already sus but the peices seem to be coming together.$RLX Technology(RLX)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
13