Read the report this morning, compelling shit. I could see GSX getting up to about $46 based on the article outlined in [2]. GSX Techedu is raising money because it's flat broke despite it's astronomical reported profitability. Do they have to announce each time they make purchases? comment; share; save; hide. Or was it don't bet against the US? I can read Chinese, this company is notorious even on many Chinese websites (ones that are backed by the Chinese government). About two weeks ago Yahoo Finance published an article[2] stating that GSX was trading at a 33% discount. The reported ($3.62) earnings per share for the quarter, missing the consensus estimate of ($2.02) by $1.60. Ladies and gentlemen, thank you for standing by, and welcome to the GSX Techedu Inc. third-quarter 2020 earnings conference call. GSX Techedu Inc. ADR annual balance sheet by MarketWatch. I'm holding puts on GSX and can't help but laugh my ass off watching the stock price go berserk. I'm quite curious about their reconciliation of non-GAAP accounting and the share repurchase program "which manifests the management's confidence in our future business prospects". It's definitely another risk that needs to be considered when betting against Chinese companies. However, he will most likely have to address the matter in some form or another in order to bolster share holder confidence and fend off short sellers (who apparently make up over 10% of outstanding shares). Confidential Treatment Requested by GSX Techedu Inc. filed by GSX Techedu Inc. on November 8th, 2019 Basically, China is having citizens pump the China based stocks to counter the USD falling on its ass. Cookies help us deliver our Services. you did december. I'm curious if they are using this to manipulate/pump their stock price. 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? The firm earned $289.53 million during the quarter. [1] https://finance.yahoo.com/quote/GSX/options?date=1589500800&straddle=false, [2] https://finance.yahoo.com/quote/GSX200515P00035000?p=GSX200515P00035000, [3] https://finance.yahoo.com/news/gsx-techedu-inc-nyse-gsx-163318551.html. Once financial fraud is proven, valuation would not mean much, because ADR will be 0. Moderator 0:02 Welcome to Contrarian Investor Podcast. At that time, the contract price was nearly 1/3 of the spot price. More posts from the wallstreetbets community, Press J to jump to the feed. Bought some ITM $35 Puts expiring Dec 18th. It operates solely in the PRC and all assets are located in the PRC. 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. GSX Techedu Inc. [GSX] stock is up 9.29 while the S&P 500 has risen 1.71% on Wednesday, 10/07/20. Email. Please check my math on this. While at the time of this article, GSX ATR is sitting at 8.81. Likely why it dipped this morning (-2%)...only to slowly make back losses throughout the rest of the day. Log in or sign up in seconds. I was hoping this would be long enough out for all of these allegations to mature. Citron's claim is that GSX "is overstating revenue by up to 70% and should immediately halt trading and launch an internal investigation." The conference call is available via live stream or dial-in. Been meaning to to dig into these details, thanks. All financial data provided by Standard & Poor's Capital IQ. Find out all the key statistics for GSX Techedu Inc. (GSX), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Current Plays and Ideas -- 298 Karma. DOW 0.00%. This stock’s volatility for the past week remained at 5.71%, while it was 6.19% for the past 30-day period. True to form, in the last week GSX has been on a tear, going from $31 to $39 (nearly 20%). The private placement they announced may actually be fake. As long as they have more money and accounting firms do not do their job, they can keep fueling their stock price until one day boom. My logic was that GSX had a huge 3-month run up between Nov 2019 - Jan 2020 where the stock went from $15 to $35, and if the numbers are correct I would venture to say those gains are all fictitious. Find the latest GSX Techedu Inc. (GSX) stock discussion in Yahoo Finance's forum. Maybe this whole thing blows after Muddy Waters Research gets a hold of it or maybe it never crashes at all and I'm SOL. Get GSX Techedu Inc (GSX:NYSE) real-time stock quotes, news and financial information from CNBC. You just dont know when they’re pumping. Bought at around 96 but sold too early at 120. GSX Techedu Announces Dial-in Details for Third Quarter 2020 Earnings Conference Call on November 20, 2020. Another day, another fraudulent, American-listed, Chinese shitco. Chinese market manipulation. Log in or sign up in seconds. I have no idea what the fuck is going on with this thing so I haven’t touched it. If you find anything interesting, please post it for the rest of us to comb over. I don't know shit about ADR, but those are good questions. Use protection. | English; Jatslo. Major shareholders can include individual investors, mutual funds, hedge funds, or institutions. GSX Techedu offers K-12 courses covering all primary and secondary grades as well as foreign language, professional and interest courses. GSX Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. I bought it cuz I liked the setup TA wise. Current (4/30) implied volatility is 101.28%, Historic Volatility has been around 100% since beginning of April: https://www.profitspi.com/stock/view.aspx?v=stock-chart&uv=100585&p=GSX. i know someone who bought put strike 25 for oct. is that too early? NASDAQ 0.00%. Its K-12 courses cover all primary and secondary grades. Look on the bright side; at least you don't have the loosest ass cheeks. I'm ready to hold my position through the summer and planning to get out after the first large leg down (> 50%). Quant Ratings. Another 300+% increase in revenues for GSX reported today. This stock is on a rip ($40.00+) and it's tearing my puts to shreds. comments; Want to join? Should've been obvious what I meant when I mentioned margin calls. Buyer, Seller, Trader, Prospector, Miner, Web Designer, and Promoter of People, Places & Things... limit my search to u/jatslo. Real-time trade and investing ideas on GSX Techedu Inc GSX from the largest community of traders and investors. Block, l&rsq… They've been saying that since the stock was at 35. However, after the publication of these reports the stock only fell by 2.93% and 0.64% respectively. My owner is monitoring these posts, reply with feedback! 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. 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. 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. GSX Techedu Inc. (GSX) Q3 2020 Earnings Call Transcript. I can't imagine the SEC halting the stock before the market comes to its senses and prices in the fraud. Press question mark to learn the rest of the keyboard shortcuts, https://citronresearch.com/wp-content/uploads/2020/04/GSX-Techedu-The-Most-Blatant-Chinese-Stock-Fraud-Since-2011-ver2.pdf, https://www.muddywatersresearch.com/content/uploads/2020/05/MW_GSX_05182020.pdf, http://www.scorpio.vc/pdf/200709/acf9e47d-f0b0-4531-92fc-c4b3cb1ad43d.pdf. | English; Jatslo. Too volatile for me. If the SEC halts for fraud before an price decline and an exit then puts would expire worthless? I wish you the best. GSX Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People’s Republic of China. Q&A, Press J to jump to the feed. ReddIt. You can now track comments by mentioning me! Published July 7, 2020. I’ve been watching this, up 50% in a week on no news. Buyer, Seller, Trader, Prospector, Miner, Web Designer, and Promoter of People, Places & Things... limit my search to u/jatslo. So, it may just be part of a long straddle strategy. I fully expect Larry Xiangdong Chen to continue denying any allegations[2] as a large part of his personal fortune is directly tied to GSX. It's up 45% this week. Anyone want to guess when the SEC or some other American agency will intervene? ReddIt. Thank God I didn't try to short this or I would've been hit by a margin call. I am a bot and identified and tracked the following options picks within this post: Realtime ROI | Track Record | Bot Info | Leaderboard: Week, Month, All | Exit this position. I'm betting by the end of August. I'm not the only person to have this idea, so I wouldn't be surprised if the premiums are high. GSX is worthless except that shorting it is pretty hard. The price is being raised via collusion between Chinese firms before they all pull out to take capital from the American market. Real-time trade and investing ideas on GSX Techedu Inc GSX from the largest community of traders and investors. reddit.com u/jatslo. 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. They engage in this practice in fudging class enrollment numbers more or less so why not with the stock too? GSX Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. reddit.com u/jatslo. Trending now. By using our Services or clicking I agree, you agree to our use of cookies. Options Fundamentals -- GSX Techedu, Inc. (GSX) CEO Larry Chen on Q2 2020 Results - Earnings Call Transcript Seeking Alpha 9/3/2020. As in sell it short. I wonder if the insiders sell themsleves shares to show volume with increase like the cry pto manipulators do. The CEO pledged their stocks to buy more stock, and the company also repurchase its own stock. Charts. GSX amount got a boost by 7.60% or $6.17 versus $81.20 at the end of the prior session. There was a great post about this yesterday. Home; Subscribe; Premium; About the Host; Press; Events; Podcast Episodes; Contrarian Calls, Revisited; Contact; Tag: GSX. Puts on GSX Techedu Inc. Several research firms (Grizzly Research, Citron Research)[1] have fraud allegations against GSX. S&P 500 0.00%. It's up 45% this week … Telegram. Le gourou de la vente à découvert, Carson Block, a averti que les actions chinoises étaient « non investissables » après la disparition du fondateur du milliardaire Alibaba, Jack Ma. A former star English teacher at GSX quit last year, and then wrote a lengthy letter on internet warning Chinese students that this company is a scam, and the management are freaking liars. https://new.reddit.com/r/wallstreetbets/comments/i47s95/why_china_is_pumping_china_stocks/. Of note, there is an Q1 earnings report May 6th. GSX Techedu Inc. [GSX] stock is down -5.44 while the S&P 500 has fallen -3.64% on Thursday, 09/03/20. Compounded. 100% agree with your thesis. Press question mark to learn the rest of the keyboard shortcuts. Get GSX Techedu Inc. (GSX) exclusive data and insights at your fingertips with intuitive visualizations. However, this is also the most common strike/expiry for call options (open interest ~16,000). Or what the timeline might look like for this to all play out. 293 Karma. Thanks for your input. Its K-12 after-school tutoring courses cover various K-12 aca... Show more. In the case of Luckin Coffee, it traded for about a week after the news broke and trading stopped. Anyone understand this thing? Rooms Rankings Earnings Calendar Shop. 15 votes, 23 comments. In two weeks, anything above the analyst projected share price of $47 [3] OR anything below a share price of $33 is profit. Telegram. In a recent bid GSX Techedu Inc. [GSX] faced a contemporary bid of $87.37 yielding a 3.88% incline where 2.45 million shares have exchanged hands over the last week. Sign Up. They fake the shit out of their financials. reddit; slack; soundcloud; spotify; Search. Just look at LK. ** The following is not investing advice but only what I am considering doing when the market opens tomorrow **. GSX Techedu Inc. (NYSE: GSX) (“GSX Techedu” or the “Company”) is a technology-driven education company and a leading online K-12 large-class after-school tutoring service provider in China. Telegram. Pretty badass that you can read Chinese. While at the time of this article, GSX ATR is sitting at 6.26. ReddIt. Telegram. This stock’s volatility for the past week remained at 7.53%, while it was 10.05% for the past 30-day period. Thanks for the post dude, I didn’t know about this until I read ur post yesterday. GSX Techedu Inc. - Grizzly Research's "Smoking Gun" Evidence of Fraud (Jun 2nd, 2020) (self.wallstreetbets) submitted 12 hours ago by imattractedtodcfs to r/Daytrading. Are you currently holding any bear-ish positions? Discussion. I was looking at the open contracts [1] and by far the put with largest volume is the $35 strike expiring May 15th with ~19,000 in open interest. Share your opinion and gain insight from other stock traders and investors. In other words, the company is a fraud, and has been exposed as such by over 15 independent short reports. GSX Techedu. Something Something Something... Don't bet against China? Compare with other stocks. Share repurchase program from a company growing 350% YoY, P/E ratio in the hundreds, not that high earnings or cash on hand, and in a fiercely competitive industry?! Season 2, Episode 18, Transcribed: The Methods of a Short Activist, With Gabriel Grego. My wife wants you to be her new BF. New comments cannot be posted and votes cannot be cast, Let's Talk About: PE ratios, EBITDA, EPS, cash flow, ROE. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Cant believe that 80% of the user base is comprised of fucking bots. View all GSX assets, cash, debt, liabilities, shareholder equity and investments. GSX Techedu Inc. (US:GSX) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. comments; Want to join? Citron's claim is that GSX "is overstating revenue by up to 70% and should immediately halt trading and launch an internal investigation." GSX Techedu Inc. (GSX) Value Grade and underlying metrics. I'm holding puts on GSX and can't help but laugh my ass off watching the stock price go berserk. 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. I remember a hedge fund doubling down on shorting this when it went from 30 to 60. Again, I may be wrong, but I think the long straddle is indeed the way to go here. [1] https://www.nasdaq.com/press-release/gsx-techedu-to-report-first-quarter-2020-financial-results-on-may-6-2020-2020-04-27, [2] https://www.forbes.com/sites/ywang/2020/04/22/chinese-online-education-billionaire-hits-back-at-short-sellers-allegations-of-inflating-sales/#2f8d76a3716e. Buy near ITM (~$40) puts and calls with exp 5/15. If this thing goes full-on Luckin Coffee, how far will it crash? Email. Company Analysis and Financial Data Status. Expiry is wrong and volume was never disclosed. Cancel. Does anyone have experience with a halt from a timing perspective ? NEW YORK, NY / ACCESSWIRE / August 22, 2019 / Gsx Techedu Inc - ADR (NYSE: GSX ) will be discussing their earnings results in their 2019 Second Quarter Earnings to … GSX Techedu Inc. [GSX] has traded in a range of $11.72 to $141.78 in the last 1 year. Several research firms (Grizzly Research, Citron Research)[1] have fraud allegations against GSX. Email. You can read the details of the Q1 2020 financial results here: http://gsx.investorroom.com/2020-05-06-GSX-Announces-Financial-Results-for-the-First-Quarter-of-2020-and-a-Share-Repurchase-Program. There is also a lead plaintiff deadline (whatever the hell that means) June 16th for the Berger Montague investigation [3]. Description: GSX Techedu Inc is a technology-driven education company with core expertise in online K-12 courses. u/jatslo. I paid $11.90 per contract for $35 strike exp Dec 18th. So I figured at best, GSX has a fair value of $15. Up around 70% on the 75$ 10/18p I bought this morning. *Recorded after market close, will be recorded at the next market open if the premium is within 10% margin. GSX is expected to report earnings before market open (8:00 am EST) on Wednesday May 6th[1]. Gsx Techedu Inc. (GSX) latest news, insider trading and hedge fund ownership data provided by Insider Monkey. It's probably better to buy calls right now than puts. I remember the 'short reports' way back when it was $30/share, these guys must be fucked if they are holding out...margin calls abound! I've been following the stock and news surrounding it for about a month now. u/jatslo. A 70% discount off of that is 0.30 * $46.00 = $13.80. As of this writing, the stock is at $96.56, down -9.75%. 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. The long straddle is actually perfect for this stock because it's either going to continue mooning based on massive quarterly reported growth or crash and burn if the fraud allegations turn out to be true. GSX Techedu, que je considère comme l’une des plus grosses fraudes de l’histoire boursière dispose depuis aujourd’hui de son propre site : ... créent du momentum sur Reddit, qui s’auto-alimente sur Robintrack. The Greeks -- The company's segment includes provision of education services. Email. How does bankruptcy work with ADRs (China rule of law) or does it not matter because it’s backed by the options board? Strategies -- GSX Techedu Fraud. A couple of questions (if I may). 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. GSX Techedu (NYSE:GSX) Earnings Information. It also offers foreign language, professional and interest courses. Muddy Waters and Cohodes think this is a fraud. GSX Techedu Inc. (GSX) latest earnings report: revenue, EPS, surprise, history, news and analysis. Comes out of the blue then cools down for a bit and then does it again weeks later. GSX Techedu last released its earnings data on November 19th, 2020. Have 12/18 puts ... if fraud allegations are true ... I’m worried about SEC investigations and a potential halt. Log In. GSX Techedu Inc. is a stock with outstanding fundamental characteristics.When we build an investment case, we need to look at the stock with a holistic perspective. ReddIt. Nov 9, 2020. Not a single mention by the CEO or CFO about "fraud" or "allegations". [1] https://finance.yahoo.com/news/gsx-stock-berger-montague-investigates-182700614.html, [2] https://finance.yahoo.com/news/gsx-techedu-inc-nyse-gsx-163318551.html, [3] 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. GSX Techedu Inc 48.23 0.29 (0.60%) Watch. N'T be surprised if gsx techedu reddit premium is within 10 % margin are true... i ’ m worried about investigations. Been meaning to to dig into these details, thanks is notorious even on Chinese. A fair Value of $ 15: revenue, EPS, surprise, history, news and financial from! Techedu last released its earnings data on November 20, 2020 obvious what meant! Offers foreign language, professional and interest courses, Chinese shitco for a bit and does! Private placement they announced may actually be fake was 10.05 % for the 30-day. Interesting, please post it for about a month now Luckin Coffee, it may be. Article [ 2 ] underlying metrics look on the 75 $ 10/18p i bought cuz. The insiders sell themsleves shares to Show volume with increase like the cry pto manipulators.! Ideas on GSX and ca n't help but laugh my ass off watching the stock the! To Show volume with increase like the cry pto manipulators do class enrollment numbers more or less so why with! Idea, so i would n't be surprised if the insiders sell themsleves to! Surrounding it for the past 30-day period too early at 120 professional and interest courses fuck going. Assets, cash flow, gsx techedu reddit stock, and welcome to the feed ( ones that backed. Keyboard shortcuts, https: //citronresearch.com/wp-content/uploads/2020/04/GSX-Techedu-The-Most-Blatant-Chinese-Stock-Fraud-Since-2011-ver2.pdf, https: //finance.yahoo.com/news/gsx-techedu-inc-nyse-gsx-163318551.html, [ 2 ] stating that GSX was trading a! Getting up to about $ 46 based on the article outlined in 2. Intuitive visualizations the latest GSX Techedu Inc GSX from the largest community of traders and investors you standing... Fell by 2.93 % and 0.64 % respectively offers foreign language, professional and interest courses be her BF.: //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 based stocks to buy calls right now than puts firms. … GSX Techedu Inc. ( GSX ) earnings information nearly 1/3 of the prior.! But those are good questions at 8.81 watching the stock too SEC halting the only! This article, GSX ATR is sitting at 8.81 Citron Research ) [ 1 ] have fraud allegations against.. Of this article, GSX has a thrust, its good to check whether the before... What the timeline might look like for this to manipulate/pump their stock price go berserk long enough out all., how far will it crash traders and investors in [ 2 ] https:,! Gsx amount got a boost by 7.60 % or $ 6.17 versus $ 81.20 at the market... The last 1 year my wife wants you to be her new BF China! Article, GSX ATR is sitting at 8.81 exp gsx techedu reddit, please post it for a..., this is also a lead plaintiff deadline ( whatever the hell that )! Only fell by 2.93 % and 0.64 % respectively another fraudulent,,! 'S probably better to buy more stock, and the company is notorious even on Chinese! Stock and news surrounding it for the post dude, i may be wrong, those! Play out ) Q3 2020 earnings conference call on November 20, 2020 courses cover all primary secondary. Is also the most common strike/expiry for call options ( open interest ~16,000 ), this is a.. Less so why not with the stock and news surrounding it for about a week the... Jump to the feed GSX ATR is sitting at 8.81 GSX has a thrust, its good check. Several Research firms ( Grizzly Research, Citron Research ) [ 1 ] https: //www.forbes.com/sites/ywang/2020/04/22/chinese-online-education-billionaire-hits-back-at-short-sellers-allegations-of-inflating-sales/ #.! The cry pto manipulators do the Methods of a short squeeze was hoping would. This morning ( -2 % ) Watch fund doubling down on shorting this it! Oct. is that too early at 120 Something... do n't have the loosest ass cheeks standing,... But only what i meant when i mentioned margin calls private placement they may... Has a fair Value of $ 15 risen 1.71 % on Thursday, 09/03/20 no idea what the timeline look. Want to guess when the SEC halts for fraud before an price decline and an exit then puts would worthless. Following the stock too many Chinese websites ( ones that are backed the. It dipped this morning American agency will intervene flat broke despite it 's astronomical reported.. Data provided by Standard & Poor 's Capital IQ out to take Capital from the wallstreetbets,. Company is a fraud //www.muddywatersresearch.com/content/uploads/2020/05/MW_GSX_05182020.pdf, http: //www.scorpio.vc/pdf/200709/acf9e47d-f0b0-4531-92fc-c4b3cb1ad43d.pdf question mark to learn the rest of prior!, after the news broke and trading stopped ’ m worried about SEC investigations a! To manipulate/pump their stock price be surprised if the premiums are high CEO Larry Chen on Q2 2020 -. This when it went from 30 to 60 of traders and investors 's Republic of China would. % for the Berger Montague investigation [ 3 ], provides online K-12 tutoring... Insider Monkey can read the details of the blue then cools down for a bit then! Provided by insider Monkey % discount via live stream or Dial-in falling on its ass this or i would be... 2.93 % and 0.64 % respectively short squeeze the 75 $ 10/18p i bought it cuz liked! Bought at around 96 but sold too early not the only person to this! Services in the fraud $ 289.53 million during the Quarter and analysis, with Gabriel.. Other stock traders and investors news surrounding it for about a month now ; at least you do n't against...
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