$Futu Holdings Ltd (FUTU.US)$ i feel the stock is managed by...
$Futu Holdings Ltd(FUTU.US$ i feel the stock is managed by Futu themselves. Price has a continuous fall and company is making no effort or issuing no comment to control the downfall. While one reason could be to get better deal for buyback or other is some major dependency on China which investors aren’t aware of since Tiger is on same trend.
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JK666 : Think that’s the problem with Chinese stock. They are not good story teller like US company lol, they prefer quietly working behind the scene. The only exception is jack ma but getting loud get him into trouble.
Joshua721 JK666 : Robinhood also plummeted
SG2K : Yes, FUTU can actually buy all shares at 50 easily, hope Futu can list in HKEX too
70208320 : Right, Chinese companies are too bad at telling stories. A lot of American companies are losing money. For example, Doordash, I tried ordering food with Door Dash. I had to be charged 15% of the food delivery fee, and I also had to pay the packaging fee for that restaurant. I ordered more than $47 and had to pay about $10 for takeout delivery. Once you've used it, you won't use it! With no repeat customers, can the business last long? The stock price is still over 100.