$Futu Holdings Ltd (FUTU.US)$ looks lke Futu is under attack...
$Futu Holdings Ltd(FUTU.US$
looks lke Futu is under attack pre-market. what we are not seeing is the large and extra large fund actions retail will get crushed
looks lke Futu is under attack pre-market. what we are not seeing is the large and extra large fund actions retail will get crushed
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BeardedTaco : so, it is short seller action then?
madman123 : There is news that FUTU may be insecure. A reporter from Sina Daily reported. And China protection of information law may not be complied. So China may investigate FUTU and tiger.
103096819OP : How do you explain 84 drop to 69-70? OverNight
New York City madman123: I had read the news. I did not read anywhere that confirming the data is being compromised. It just said that the law will be a challenge for Futu and Tiger to comply.
103096819OP New York City: we have seen stocks like AliBaba, the correction was -~40% from peak. Likewise, Futu Has retraced from 190-200 before to Trade below 100. Even at 84, a drop of 40% will mean $32 so fifty dollars may be a possibility.
New York City : Futu already drop from about 200 to 80+, a 60% drop. If further drop to 30-40, it will be a 80+% drop
103096819OP : Yup. So I am holding. Exactly