Next Year will be 👍🏻
$Futu Holdings Ltd (FUTU.US)$
The stock price continue to drop as expected as written in my post 1 month ago.
Stock market is a game of hype. The more hype it is, the higher the chances the price will grow. You could see the interest/volume traded for past few months for this stock among institutions/investors has dropped significantly. As there are no hype around this stock, hence the stock will definitely continue in downwards trend.
If I am FUTU management to choose when to buyback share, I would buy back based on the whole market outlook and not based on the price. The market is looking bleak, analyst been warning about a potential crash. That’s why FUTU gave the timeline to buyback within 13 months because they are expecting a crash next year. I would start buy back after the market has crashed. Only then, the buyback will be effective and could possibly spur the market to buy FUTU as it “looks” like it is doing well.
So fellow investors, there are ups and downs. Be prepared this stock definitely will give you a ride down further. I not surprised if it go down till $20. My advise is just hold the stocks for long term because a profitable company share price will grow in the long term. Don’t go and realise your losses. Hold until the crash end then FUTU buyback.
The stock price continue to drop as expected as written in my post 1 month ago.
Stock market is a game of hype. The more hype it is, the higher the chances the price will grow. You could see the interest/volume traded for past few months for this stock among institutions/investors has dropped significantly. As there are no hype around this stock, hence the stock will definitely continue in downwards trend.
If I am FUTU management to choose when to buyback share, I would buy back based on the whole market outlook and not based on the price. The market is looking bleak, analyst been warning about a potential crash. That’s why FUTU gave the timeline to buyback within 13 months because they are expecting a crash next year. I would start buy back after the market has crashed. Only then, the buyback will be effective and could possibly spur the market to buy FUTU as it “looks” like it is doing well.
So fellow investors, there are ups and downs. Be prepared this stock definitely will give you a ride down further. I not surprised if it go down till $20. My advise is just hold the stocks for long term because a profitable company share price will grow in the long term. Don’t go and realise your losses. Hold until the crash end then FUTU buyback.
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焕峰乱步 : You're so right!
102140893ml : Good!
101599725 : Will hit $36?
Eat Fish For Caifan OP 101599725 : Yes, I believe it will hit $36. Basically back to the beginning where the rise started in Jan 2021.
floatingRock : Definitely no rush to sell
71688427 : Is it possible going back to one digit?
Eat Fish For Caifan OP 71688427 : Not possible. When the stock share price is single digit the revenue is 39mil. Now they are making 222mil, this company has grew 5 times than before. This company is profitable, not losing money.
floopie : i trust u because u eat fish for caifan
Eat Fish For Caifan OP floopie :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")