$Futu Holdings Ltd (FUTU.US)$ Take a look at the 52-week low...

$Futu Holdings Ltd (FUTU.US)$
Take a look at the 52-week low and high, with a low of 36 and a high of 204. Do you think futu has a chance to return to its high price within 1 year? I believe it definitely does, just afraid you lack patience. Last week, in the financial report, futu clearly stated that it will expand its business in Asia in 2022, although it did not specify the time and country. However, it can be certain that once this news is officially announced, the stock price will bounce back. Don't forget about the $300 million stock repurchase plan that must be completed by the end of next year. Tomorrow will be better. I dare not say this sentence, but I dare to say, next year will be better!

Let's talk about Chinese regulators and personal information security law. Undeniably, the stock price has been dropping since mid-October, which can be entirely attributed to this news. Why do I use the term 'attribute'? Because the bears are making a fortune on this news, like a bag full of gold! The bears will not waste this good opportunity, encouraging you to quickly stop loss, or turn old news into new ones, or even spread false information. Those who say futu is finished, most of futu's clients are from China, 80% are Chinese clients. If you believe them, I can only describe you with two words. If the regulator actually takes action, the worst-case scenario is losing these 23.7% of clients. From Uncle Ye's article on this matter, there is a saying, 'Leave the rest to time to decide everything,' showing that futu has prepared for the worst. Of course, the best way is to resolve this issue, get the license, or do whatever needs to be done. If not resolved, in case that the regulator really takes tough action, futu is also prepared and ready. Hold onto your stocks tightly, a company that is making money, just starting out, with sufficient funds, deserves a higher stock price.

Futu holds 23.7% of the Chinese market, not too big, not too small. If the regulator actually takes action, the worst scenario is losing these 23.7% of clients. There is a passage mentioned in Uncle Ye's article regarding this matter, 'The rest is left to time to decide everything,' indicating that futu is prepared for the worst. Of course, the best approach is to resolve this issue, obtain the license, or do whatever needs to be done. If unresolved before the regulator takes strong measures, futu has long been prepared. Hold onto the stocks in your hands, a company that is making money, just starting out, with sufficient funds, deserves a higher stock price.