Take a moment to Reflect
Let's all take a step back from this madness and look at the bigger picture.
1. FUTU and TIGR are both heavily regulated by various authorities. Our money are safe as they are insured by MAS. Both of them are backed by the largest institutions and banks in China.
2. FUTU and TIGR have more international users than China users.
3. Even if FUTU and TIGR is banned in China (which I highly doubt so), they can continue operating internationally. China has been saying a lot on banning cryptocurrencies, and news of this surface every few months, for years, yet not much action has been taken.
4. China is just flexing to exert dominance on companies, basically telling them that the country is the boss, mainly to keep companies under control. This is actually triggered by the Jack Ma saga.
5. FUTU has good financials. They expand really quickly and has been overperforming quarter over quarter. Earning report is coming in on 18th November, which is expected to be overwhelming.
Trust me, knowledge is power. Ignorance is what is costing you money.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Lead Engineer, Technopreneur, Investor.
Stanford University.
348Followers
0Following
602Visitors
Follow
Jacqualinn : Bro but you got knowledge the whole world dh then they be panic selling
Elephant In The Room Jacqualinn:
LoneWolf83 : Do you think it will recover in the near term?
divinepapa : Sell by news, buy also by news ma.
Thelord : Why go against the downtrend unless you are a superhero can 1 man defeat the entire MM
guineapigs : How I feel, hang on people
SgDavidC : yoo yoo you are encouraging others to sell anywhere, I hope your intention is good and not shorties creating more panic.
Holkkie SgDavidC: lol
KoryoDragon : the short sellers are gonna pile hard on this when market opens later.. be careful people. but good chance to buy on its way down