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$Futu Holdings Ltd (FUTU.US)$ i bought at 170😭
$Futu Holdings Ltd (FUTU.US)$ i bought at 170😭
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JiaS : Same here
bubbleberrygum : Don’t worry, I believe in the company’s fundamentals, so I’m not too worried about it not rebounding...but we might have to hold Long term...this is due to China’s crackdown on tech companies ,especially those listed overseas now....that’s why Tencent, futu, are all dropping...it isn’t a futu-only case..various tech companies are affected too in China....once this crackdown improves, I believe the price will go up too....but we might need to be patient and be in for the Long term=s
JiaS bubbleberrygum : Thanks for advice. Really hope that
redevil88 bubbleberrygum : But this prob may continue for ever and company is just a trading app. So omits a red ocean.
When u buy at 170 always have a 10% SL. As soon as it hit SL i started shorting and recovered all loses.
bubbleberrygum JiaS : Hey bro, I’m just a newbie to all of these too. So I’m not some experienced investor. But from what I read about other Analysts saying about futu,they seem to recommend this stock...its business was doing well before the crackdown. So it seems to be good long term..just dunno how it’ll be affected now with the crackdown. U can Google the company more and the tech crackdown in China to form your own judgements and decisions too=) but for me I’m not really so worried about futu bcos I plan to hold it Long term...my target price of ard 170 hasn’t changed yet ;) but prob must be patient like more than one year. I’m more afraid of the meme stocks actually....cos that one isn’t based on fundamentals but by popularity...so if mh price drops, I will not know if it can spring back due to it not having strong fundamentals
JiaS bubbleberrygum : YEah, agree too. MeMe stock is unpredictable.
bubbleberrygum JiaS : Oh sorry bro, I just realised my limit order was 160 haha. But yup, I’ve not changed it yet!xD
bubbleberrygum redevil88 : Oo what do u mean by SL? And yea, it’ll be a long crackdown. China has given it a five year horizon. But we still don’t know how things will go. Tencent and Alibaba are big companies that have huge influences on the market tho...let’s see how things will pan out
Huattttt OP bubbleberrygum : even though i just bought 1 stock，I feel very disappointed with this stock
Fire Kirin : Jiayou!
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