Futu Holdings: Buying Its Client Base, Margin Compression

kali9 Back in November 2023, we outlined a public trade on Futu Holdings Limited (NASDAQ:FUTU). Before this, we traded the stock at our service, last buying in at $39 when shares more than doubled. November's public trade that we outlined called for buying in the 50s, and selling in the high 60s or 70s. After a nice run, we thought it was prudent to take some profit here back in late May. Like we teach to our members, we suggested backing out your initial investment, plus a portion of the profit, and le ...