Tiger - buy or sell?
The 2022 Q1 earning results of $Tiger Brokers(TIGR)$ is a mixture of positivity and negativity. While customer base has increased, its revenue has declined from the same quarter last year and it is in a net loss position. The market does not react to theearning release favourably, result in a decline in share price from 5 range to 4 range.
As a current/potential shareholder of Tiger, you might be thinking if now is the time to buy the dips or sell at losses. The decline in revenue might be resulted from external economic factors - poor economy, bearish market, less investments made in general, less IPOs etc. It might be also due to losing of market shares.
To know your next step, ask yourself, do you see $Tiger Brokers(TIGR)$app expanding well, more widely adopted few years down the road? Or, do you see its app losing its attractive and its shares will gradually be gobbled by its competitors like $Futu Holdings Limited(FUTU)$, $IFAST CORPORATION LTD.(AIY.SI)$or new players like Syfe.
Invest with conviction of its product, sell when the conviction of the product is gone (not sell when the price falls). The choice is yours. Good luck, folks!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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