Purveyor of coffee and fraud, Luckin Coffee (OTCMKTS:LKNCY) still commands plenty of attention and, for one reason or another, some investors remain captivated by Luckin stock.
Lingering enthusiasm for Luckin equity could be a symptom of the current climate in which younger investors are turning to investing apps and tempting fate with day trading. One thing those brazen traders haven’t been shy about doing this year is embracing controversial, low-priced equities on the brink of or already in bankruptcy.
It’s undeniably risky to own shares of a company that’s going belly up. That risk is elevated when the reasons for the