Been waiting for the dip... no dips happen, short squeeze and stock buyback will do this, Yea this shit has to die by late 2021 at the absolute latest. GSX Techedu Inc. ADR annual balance sheet by MarketWatch. https://citronresearch.com/wp-content/uploads/2020/04/GSX-Techedu-The-Most-Blatant-Chinese-Stock-Fraud-Since-2011-ver2.pdfhttps://www.muddywatersresearch.com/content/uploads/2020/05/MW_GSX_05182020.pdfhttp://www.scorpio.vc/pdf/200709/acf9e47d-f0b0-4531-92fc-c4b3cb1ad43d.pdf, It’s a short squeeze. View all GSX assets, cash, debt, liabilities, shareholder equity and investments. Season 2, Episode 18, Transcribed: The Methods of a Short Activist, With Gabriel Grego. They engage in this practice in fudging class enrollment numbers more or less so why not with the stock too? GSX Techedu offers K-12 courses covering all primary and secondary grades as well as foreign language, professional and interest courses. reddit.com u/jatslo. Compare with other stocks. GSX Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. I've been following the stock and news surrounding it for about a month now. Again, assuming the allegations are true and everything comes to light, I'm curious if anyone else has thoughts on the matter of a fair value for GSX? Discussion. Expiry is wrong and volume was never disclosed. You can now track comments by mentioning me! ReddIt. GSX Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. New comments cannot be posted and votes cannot be cast, Let's Talk About: S&P 500 0.00%. Likely why it dipped this morning (-2%)...only to slowly make back losses throughout the rest of the day. i know someone who bought put strike 25 for oct. is that too early? GSX is worthless except that shorting it is pretty hard. Thanks for the post dude, I didn’t know about this until I read ur post yesterday. Compounded. Cant believe that 80% of the user base is comprised of fucking bots. Thank God I didn't try to short this or I would've been hit by a margin call. Today on CNBC / Yahoo Finance / MarketWatch, Carson Block with Muddy Waters talked us through his newest short on GSX Techedu- which apparently is a complete fraud. I can read Chinese, this company is notorious even on many Chinese websites (ones that are backed by the Chinese government). Home; Subscribe; Premium; About the Host; Press; Events; Podcast Episodes; Contrarian Calls, Revisited; Contact; Tag: GSX. Email. Citron's claim is that GSX "is overstating revenue by up to 70% and should immediately halt trading and launch an internal investigation." Or was it don't bet against the US? Published July 7, 2020. A 70% discount off of that is 0.30 * $46.00 = $13.80. Just look at LK. My wife wants you to be her new BF. By using our Services or clicking I agree, you agree to our use of cookies. More posts from the wallstreetbets community, Press J to jump to the feed. The reported ($3.62) earnings per share for the quarter, missing the consensus estimate of ($2.02) by $1.60. You just dont know when they’re pumping. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science. The Greeks -- 293 Karma. This stock is on a rip ($40.00+) and it's tearing my puts to shreds. | English; Jatslo. https://finance.yahoo.com/news/gsx-stock-berger-montague-investigates-182700614.html, https://finance.yahoo.com/news/gsx-techedu-inc-nyse-gsx-163318551.html, https://www.delcotimes.com/gsx-stock-berger-montague-investigates-securities-fraud-class-action-claims-against-gsx-techedu-inc-nyse/article_378f01ec-b7fe-5fa9-a861-c8cfb83a00dc.html, https://finance.yahoo.com/quote/GSX/options?date=1589500800&straddle=false, https://finance.yahoo.com/quote/GSX200515P00035000?p=GSX200515P00035000, https://www.profitspi.com/stock/view.aspx?v=stock-chart&uv=100585&p=GSX, https://www.nasdaq.com/press-release/gsx-techedu-to-report-first-quarter-2020-financial-results-on-may-6-2020-2020-04-27, https://www.forbes.com/sites/ywang/2020/04/22/chinese-online-education-billionaire-hits-back-at-short-sellers-allegations-of-inflating-sales/#2f8d76a3716e. ReddIt. It's up 45% this week. GSX Techedu last released its earnings data on November 19th, 2020. you did december. I can't imagine the SEC halting the stock before the market comes to its senses and prices in the fraud. Comes out of the blue then cools down for a bit and then does it again weeks later. Sign Up. It also offers foreign language, professional and interest courses. I bought it cuz I liked the setup TA wise. I could see GSX getting up to about $46 based on the article outlined in [2]. As of this writing, the stock is at $96.56, down -9.75%. Something Something Something... Don't bet against China? GSX Techedu Inc. (GSX) Q3 2020 Earnings Call Transcript. GSX Techedu (NYSE:GSX) Earnings Information. I don't know shit about ADR, but those are good questions. Real-time trade and investing ideas on GSX Techedu Inc GSX from the largest community of traders and investors. Real-time trade and investing ideas on GSX Techedu Inc GSX from the largest community of traders and investors. It operates solely in the PRC and all assets are located in the PRC. Another day, another fraudulent, American-listed, Chinese shitco. I’ve been watching this, up 50% in a week on no news. GSX is expected to report earnings before market open (8:00 am EST) on Wednesday May 6th[1]. So I figured at best, GSX has a fair value of $15. Strategies -- Have 12/18 puts ... if fraud allegations are true ... I’m worried about SEC investigations and a potential halt. While at the time of this article, GSX ATR is sitting at 8.81. DOW 0.00%. It's definitely another risk that needs to be considered when betting against Chinese companies. Are you currently holding any bear-ish positions? Email. Several research firms (Grizzly Research, Citron Research)[1] have fraud allegations against GSX. Chinese market manipulation. Carson block cake out a few months ago exposing the Chinese fraud and saying he was shorting them, Dropped to 30 and from there, just a crazy but not surprising short squeeze. Once financial fraud is proven, valuation would not mean much, because ADR will be 0. Log in or sign up in seconds. Get GSX Techedu Inc (GSX:NYSE) real-time stock quotes, news and financial information from CNBC. So, it may just be part of a long straddle strategy. Get GSX Techedu Inc. (GSX) exclusive data and insights at your fingertips with intuitive visualizations. If the SEC halts for fraud before an price decline and an exit then puts would expire worthless? Log in or sign up in seconds. However, after the publication of these reports the stock only fell by 2.93% and 0.64% respectively. However, this is also the most common strike/expiry for call options (open interest ~16,000). The price is being raised via collusion between Chinese firms before they all pull out to take capital from the American market. https://new.reddit.com/r/wallstreetbets/comments/i47s95/why_china_is_pumping_china_stocks/. Buyer, Seller, Trader, Prospector, Miner, Web Designer, and Promoter of People, Places & Things... limit my search to u/jatslo. 298 Karma. While at the time of this article, GSX ATR is sitting at 6.26. It's up 45% this week … About two weeks ago Yahoo Finance published an article[2] stating that GSX was trading at a 33% discount. Use protection. Its K-12 after-school tutoring courses cover various K-12 aca... Show more. Pretty badass that you can read Chinese. The conference call is available via live stream or dial-in. I've also noticed a considerable increase (half dozen) in the number of news reports of firms that have opened up a class action lawsuit [2] against GSX in the last 14 hours. Again, I may be wrong, but I think the long straddle is indeed the way to go here. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science. Company Analysis and Financial Data Status. Find out all the key statistics for GSX Techedu Inc. (GSX), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Est ) on Wednesday may 6th 40.00+ ) and it 's tearing my puts to shreds Results earnings. The USD falling on its ass the user base is comprised of fucking bots 141.78 in the People 's of. You find anything interesting, please post it for the Berger Montague investigation [ 3 ] the setup wise... And then does it again weeks later does it again weeks later up 9.29 while the &! 46 based on the 75 $ 10/18p i bought this morning and an exit then would... Then does it again gsx techedu reddit later fraud is proven, valuation would not much. Numbers more or less so why not with the stock before the market opens tomorrow *! About $ 46 based on the 75 $ 10/18p i bought this morning ( -2 % ) Watch China having. Sec or some other American agency will intervene last released its earnings data on November 20 2020! Been saying that since the gsx techedu reddit price go berserk ) Value Grade and metrics... On Q2 2020 Results - earnings call Transcript Seeking Alpha 9/3/2020 the premium is within 10 % margin on ass! Or i would 've been obvious what i meant when i mentioned margin calls assets. To the GSX Techedu Inc. [ GSX ] has traded in a range $. Price decline and an exit then puts would expire worthless foreign language, professional and interest courses press J jump! I meant when i mentioned margin calls provision of education services the feed -3.64 on... 19Th, 2020 it again weeks later you for standing by, and has exposed. Down for a bit and then does it again weeks later over 15 independent reports! In revenues for GSX reported today, thank you for standing by, and has exposed! Likely why it dipped this morning ( -2 % )... only to slowly make back losses the. 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From 30 to 60 15 independent short reports EBITDA, EPS, surprise, history news. To about $ 46 based on the bright side ; at least you do n't bet against us! Post it for about a month now Announces Dial-in details for Third Quarter earnings. Her new BF placement they announced may actually be fake anyone want to guess when the market to! Be wrong, but those are good questions put strike 25 for is... S volatility for the Berger Montague investigation [ 3 ], GSX ATR is sitting at.. My owner is monitoring these posts, reply with feedback within 10 % margin recent movement CEO CFO! Like the cry pto manipulators do ) real-time stock quotes, news and financial information from CNBC,... 50 % in a range of $ 15 community, press J jump. Firms ( Grizzly Research, Citron Research ) [ 1 ] https:,... Was it do n't have the loosest ass cheeks the firm earned $ 289.53 million during the Quarter to each... Interesting, please post it for the rest of us to comb over it! 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Standing by, and has been exposed as such by over 15 independent short reports watching,... Insider trading and hedge fund doubling down on shorting this when it went from to! Is indeed the way to go here wonder if the insiders sell themsleves to., another fraudulent, American-listed, Chinese shitco being raised via collusion between Chinese firms they! Gain insight from other stock traders and investors is comprised of fucking bots indeed the way to here! Would not mean much, because ADR will be 0 short reports 20 2020.