ThelordDons hobby:
The highest it ever went was 204. It was extremely overvalued back then. It crashed due to a combination of China tech crackdown (which included banning citizens trading overseas stocks using proxies like futu), and also the FUD surrounding US forcing Chinese companies to delist.
Dons hobby : What's your thoughts on the report for FUTU ?
Thelord Dons hobby: I personally think it should rocket on Monday but if the indices open red it might get pulled down
101678458 : one day up one day down
Dons hobby Thelord: Thanks I appreciate it.
Dons hobby 101678458: I noticed it's 52 week high is 181.00 do you know why the stock fell in price so much ?
Dons hobby Thelord: I saw the 52 week high was 181.00 do you know why it fell in price so much ?
Thelord Dons hobby: The highest it ever went was 204. It was extremely overvalued back then. It crashed due to a combination of China tech crackdown (which included banning citizens trading overseas stocks using proxies like futu), and also the FUD surrounding US forcing Chinese companies to delist.
Dons hobby : Thanks Kooler, I appreciate you taking the time to explain it to me. Still learning