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Got another Chinese Fintech stock FTFT
Posted on 2/16/21 at 5:20 pm
Posted on 2/16/21 at 5:20 pm
Future FinTech Group $FTFT. It’s been booming, but still not that far off the ground. Blockchain with other angles. I’m going to take a small position and report back, but it’s listed as a strong buy and I like it’s growth potential.
This post was edited on 2/16/21 at 5:25 pm
2
Posted on 2/16/21 at 5:31 pm to Shamoan
Chinese stock? Hell no.
Posted on 2/16/21 at 5:46 pm to Vols&Shaft83
You will support your new Chinese overlords if you know what's best for you!
Posted on 2/16/21 at 5:47 pm to Shamoan
quote:
Got another Chinese Fintech stock FTFT
frick That, frick That!
Posted on 2/16/21 at 5:52 pm to castorinho
I’d rather pick Chinese stocks than Twitter/FB in this country
Posted on 2/16/21 at 5:53 pm to Vols&Shaft83
Is this a moral objection or do you think this business is not worth investing in?
Posted on 2/16/21 at 6:13 pm to PetroBabich
quote:
Is this a moral objection or do you think this business is not worth investing in?
Little of column A, little column B.
First of all, frick China. But mostly, China based companies are absolutely riddled with fraud and fabricated revenue reports. For every legitimate one, there's 10 that are complete dogshit mixed with catshit and wrapped in pretty bow made of anthrax. Watch The China Hustle.
Do a lot of DD, or just avoid them as much as possible.
Posted on 2/16/21 at 6:44 pm to Vols&Shaft83
It’s (America) a free country. I’m not thrilled about it being Chinese (not a free country) either, but I like making money. With the sellouts in DC & Silicon Valley I’m not sure who is worse.
This post was edited on 2/16/21 at 6:47 pm
Posted on 2/16/21 at 7:24 pm to Shamoan
I love making money, I'm just not willing to wade through a minefield of mini Chinese Enrons when there are plenty of legitimate arbitrage opportunities in other markets.
China not being a free country has nothing to do with it. The Chinese government helps these phony companies get away with fraud, and whistle blowers have actually been imprisoned.
China not being a free country has nothing to do with it. The Chinese government helps these phony companies get away with fraud, and whistle blowers have actually been imprisoned.
This post was edited on 2/16/21 at 7:29 pm
Posted on 2/16/21 at 7:54 pm to Vols&Shaft83
I understand the risks. I hit bigly on another Chinese Fintech, so I’m willing to take more risk.
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