东北星
2021-10-15

$Tiger Brokers(TIGR)$seriously for the bulls supporting, do you understand what the new regulation means? Yes, it was decided in August. But will kick in 1st Nov....

The new regulation now target UP Fintech and FUTU to protect china citizen data. It mean they cant let them access overseas market. They can only use the platform for Chinese or HK market. It also mean a portion of their earnings will drop. this is not any financial advise, and I do hold a short position. 

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  • Hopehope赋予希望
    2021-10-15
    Hopehope赋予希望
    I think you yourself don't understand. they just need to segregate the data. it's a matter of data storage n obtaining approvals from citizens. the tricky part is whether investing can be done which
    • 东北星: 
      i think you are the blur one. know that Tiger linked social media with the platform, ibkr data....
    • 东北星回复东北星: 
      to be honest, i wont be surprise the app will be taken down the play store or app store like didi for a while....to prevent new users signup until they can solve the issue
    • 东北星回复Hopehope赋予希望: 
      wow....a short course on data analytic...clap clap
      powerBI? Tableau?
    • 东北星回复Hopehope赋予希望: 
      how Mr Data Analyst? whats the damage like? can't imagine the pain
    • Hopehope赋予希望回复东北星: 
      as a corporate finance professional and passing all 3 levels of CFA, I think I shall not waste my time on u
  • Angusy
    2021-10-15
    Angusy
    I can only say your understanding of regulations, legal framework, business structure are very limited.
    • 东北星: 
      SP is there. not based on how smart you are.
    • 东北星: 
      please buy more
    • Angusy: 
      Let me share: 1st up fintech is targetting overseas market, users from china is just a small portion of overall users, no doubt it may affect its china marker.
    • Angusy: 
      Up fintech is incorporated in caYman islands, its app is developed by NZ Tiger subsidiary and it is listed in US meaniNg only US can delist it.
    • Angusy回复Angusy: 
      Fourth, if it can Pass stringent laws in sg, i dont see it being an issue.
      Lastly, thanks to shortists, we managed to accumulate shares at such low prices. in a market, We need shOrtists like u. thank
  • JB0213
    2021-10-15
    JB0213
    It not due yet plus state media should be more cautious when posting any news, this is misuse of influncing power
    • 东北星: 
      people daily is state controlled. so you roughly know where this is heading
    • JB0213: 
      Well least maybe to me compartive, intergity n ethic other are doing much better than them.
  • PaladinSir
    2021-10-15
    PaladinSir

    Chinese are allowed to buy USD 50k worth of shares from overseas market.

    • 东北星: 
      now the issue is the data. not whether Chinese citizen can buy overseas stock or not. And tiger is affected more than futu because of the partnership with IBKR.
    • PaladinSir: 
      Ibkr is in HK and china too, just store and process in china will do.
  • 东北星
    2021-10-15
    东北星
    dont worry. will be covering soon. i don't think will bankrupt or delist. just hoping for price to drop to $6. i started shorting at $10.38....already profit $5k
  • CashCity
    2021-10-15
    CashCity

    Very seldom see shortists being honest. Good luck to you, and remember to cover on time.

    • JB0213: 
      Indeed honest guy need give him respect
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