Is either im blind or stupid
$Futu Holdings Ltd(FUTU.US$ clearly futu is making so much earnings, why are ppl afraid because of regulations that wont affect anything. Besides such a high percentage of investors are from overseas not local why are ppl freaking out seriously quite annoying
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101726326 : probably the majority of those who sold their shares are mainland Chinese users?
101856225 101726326 : They aren't all users why are they so heavy
Upncoming1841 : If China ban it's citizens from moo moo, the earnings will not be as good going forward. If China impose a hefty fine, things will get worst. Futu should apply for a domestic China brokerage license and not use its HK license to attract mainland customers.
Vlastimil Upncoming1841 : I am pretty sure they applied and it was rejected.. as usual they vowing to have license but they won’t issue/grant license to no one .. do you think companies wouldn’t apply for it? Look at size of China .. everyone wants brokerage license there.
Dabuelrxy : If you have done yr research and have strong conviction in yr investment, just hold it and there's nothing to worry about.
Jacqualinn OP Dabuelrxy : I worry about chinese government
102952476 Jacqualinn OP : Yes, You explained yourself. Because ppl worried about Chinese government! Not scare of FUTU. That is the reason why ppl cleared the stock. That government will screw up everyone. Anyway , I wash my hands weeks ago, just watching this farce playing live. It is very entertaining.