$Futu Holdings Ltd (FUTU.US)$ i did say sell before the open...
$Futu Holdings Ltd(FUTU.US$ i did say sell before the open today. fundamentals are bad for long term, technicals even worse if you're trying to fight the relentless selling pressure. there's literally zero reason to go this stock unless you're buying puts.
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Short-only trader. Kick it when it's down, short it to the ground!
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Garth Ahern : What technicals do you mean?
Caprigoat : Actually futu is really a great platform for trading. Just unfortunate with the regulations and bickering between china and us
Tommy Shelbey OP Caprigoat : Exactly. A good product/service doesn't mean it's a good investment. All big funds care about are top and bottom lines. Once future growth is hampered, that's it.
FUTU died when press came out about China the regulations. You can expand all you want in SEA/HK etc., but the only markets that matter are US and China. I don't see a future where FUTU can rival heavyweights like IBKR/Fidelity/TDA etc in the US. So yea...
Tommy Shelbey OP Garth Ahern : Funds are pulling out. The growth story is no longer intact after the China crackdown on FUTU/TIGR. I don't understand why some people here keep screaming shorties.
Please understand the difference between Short Volume and Short Interest. Only the latter matters. And as of the last update it was about 3%-4%, which is not significant.