$FUTU Building the first batch with a 13% position at a cost of $92

Last week, it was listed at $88 but didn't execute; over the weekend and Monday, I kept researching and became more confident in buying, so I added directly at the market open tonight
1. Regulators didn't intend to destroy Futu; such black swan risks are rare
2. There are still two years for Futu's clients to prepare slowly; those who have experience with overseas exchanges and mining understand, and I trust everyone's wisdom
3. Confiscating illegal gains is easy, only 470 million; a fine of 1.38 billion, which is a small issue for Futu's annual revenue of hundreds of millions, and it doesn't significantly impact cash flow
4. Now is the most panic-driven and uncertain risk period
5. Futu's overseas Moomoo is doing very well, and I am also using it
6. The overseas Chinese market is huge
7. Futu's product competitiveness remains leading
8. The 1.8 billion fine is a comprehensive policy risk cleanup for Futu, making it safe from now on
There is a gamble here: although mainland clients account for 13%, they definitely generate the majority of revenue, which is no different from crypto exchanges, and under regulation, it can give Futu higher client premiums. I bet that the smartest clients in this batch have many legal ways to continue investing in US stocks.
Don't miss a crisis.