$Futu Holdings Ltd (FUTU.US)$ the shorts got completely squeezed out, extremely low short interest. Must have burnt those on the short-end with the margin calls...
6
$UP Fintech (TIGR.US)$
I still recall 2 weeks ago so many say better cut loss will go down to 6 > 4 > 2...
Alot some more say short the stock easy profit. Where are they now??
I still recall 2 weeks ago so many say better cut loss will go down to 6 > 4 > 2...
Alot some more say short the stock easy profit. Where are they now??
4
9
$Futu Holdings Ltd (FUTU.US)$
Hope everyone the best of luck! Don't worry be happy!
For now, there shouldn't be any news till 1 November onwards. So just 2 more weeks. Hang in there! Investing should be for the long term so 2 weeks is nothing.
Hope everyone the best of luck! Don't worry be happy!
For now, there shouldn't be any news till 1 November onwards. So just 2 more weeks. Hang in there! Investing should be for the long term so 2 weeks is nothing.
1
3
2
$Futu Holdings Ltd (FUTU.US)$
If you read all of Futu's quarterly reports you will note that a large majority of their clients are outside China. So even in a worst case scenario they won't suffer too much...
Futu doesn't do segment reporting so you can only estimate the percentage of clients. (from quarterly reports) From my estimation, about 70+% of Futu's clients are outside China.
If you read all of Futu's quarterly reports you will note that a large majority of their clients are outside China. So even in a worst case scenario they won't suffer too much...
Futu doesn't do segment reporting so you can only estimate the percentage of clients. (from quarterly reports) From my estimation, about 70+% of Futu's clients are outside China.
$Futu Holdings Ltd (FUTU.US)$
Never forget the golden rule.
Interesting point mentioned is that inflow is high but the price goes down. Must have alot of people buying into the panic while the shorties are pushing it down.
The bump up will be strong since the news doesn't really mean much since the company is already complying and have been in communication with the regulators since 2019. This is not the same as the other regulations either on education or common prosperity. This just means a slightly more expensive compliance cost.
The company reacted only cos the market panicked, they didn't think it was big news before that.
Never forget the golden rule.
Interesting point mentioned is that inflow is high but the price goes down. Must have alot of people buying into the panic while the shorties are pushing it down.
The bump up will be strong since the news doesn't really mean much since the company is already complying and have been in communication with the regulators since 2019. This is not the same as the other regulations either on education or common prosperity. This just means a slightly more expensive compliance cost.
The company reacted only cos the market panicked, they didn't think it was big news before that.
3
1
$Tencent Music (TME.US)$
I have been asking around what people in China( 国内) use for their music and an overwhelming majority use QQ music/tencent music apps. (They don't have YouTube)
Yet the share price keeps dipping as if there is a plague where people are rapidly deleting the all tencent music apps. Either that or the music industry has some kind of similar regulation to the education industry where they have to become not for profit??
I guess markets do overreact alot in situations like this...
I have been asking around what people in China( 国内) use for their music and an overwhelming majority use QQ music/tencent music apps. (They don't have YouTube)
Yet the share price keeps dipping as if there is a plague where people are rapidly deleting the all tencent music apps. Either that or the music industry has some kind of similar regulation to the education industry where they have to become not for profit??
I guess markets do overreact alot in situations like this...
2