$UP Fintech (TIGR.US)$ thats is terrible a broker platform f...
$UP Fintech(TIGR.US$ thats is terrible a broker platform fell 15% in a day
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Jov Jov : Actually why did e pride drop? There is no bad news?
101854852 : I'm just guessing it fell with the market, idk also.. Futu also dropped 10%
Larry Edelweiss : This is a volatile stock. I would say expected given its past trend + the fact that China is clamping hard on those companies listed overseas. Nothing new here. Don't treat this one as some safe and steady investment and go shouting everytime it pops or drops.
Jov Jov : Wah thats bad. Dropping by 15% is a lot
OrangeBanana : it's because of fear of Chinese government regulation. Calling the company bad because of panic selling is such a joke
Larry Edelweiss OrangeBanana : typical reactions from those FOMO buyers lol
mniw OP Larry Edelweiss : Agreed
PatienceAlwaysWins : Very strange that the China EV companies bounced up after being down early session. Now most EV are positive. Waited for opportunity but never materialized. Tiger and Futu are down a lot but there isn't any good reason for it
OrangeBanana PatienceAlwaysWins : don't forget the fact that FUTU and TIGR also provide underwriting services for Chinese companies IPO and the current tightening of regulations will have a direct impact on their revenue as less Chinese companies choose to IPO. Ultimately the probe is over cybersecurity which affects companies that provide online services rather than EV companies that sell cars