Following weeks dont seem to be good
$Futu Holdings Ltd (FUTU.US)$Yup, traditionally will go down to 20+.
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cutedog : Fundamental reasons?
Duskerdawn : Yeah the last time this wave of bad news on Chinese regulators hit, when down to 20s. investors very jittery when it comes to this counter.
The fundamentals hasn't exactly changed much from the previous announcement that regulators are cracking down on it. Cos it's somewhat expected the previous round that they can no longer grow much in mainland china.
this news although quite clearly bad honestly isn't a 60-80% drop that I expect to see in this counter.