$TKLF my friend's stock
It did well if you bought premarket and dumped fast.
If not. Not so good.
What we expected.
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New ipo I was gonna get into for $4...went to $40 2 days later!
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Stealth IPO (aka Chinese Money Laundering Scam) --- called it out in the IPOWarriors.com newsletter the day before. Couldn't trade it as a retail trader with that debut, but if you could get IPO shares of $TKLF, it was destined to fly.
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I took a small position. Down about 7% at the moment. Not looking good for a bounce. That’s why we have the stop loss, people. Never ever go without!!
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Interested to know your thoughts on the valuation of this (I know it's a trashy stock), but FYE 3/2022 $TKLF generated $221M in revenue, yet the current market cap is just $165M ... either we don't believe the financials, or we're saying a revenue multiple well below 1x is fine.
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