$Tiger Brokers(TIGR)$ Interestingly while the boarder markets continue to rally, post-trump effect. Tiger share price continues to be depressed despite increasing in trading volume, etc. This clearly shows something. Funds are not keen to invest in this stock. Retails cannot push a stock without the push from institutions. With the departure of IBKR, will Xiaomi diversify out too? If that is the case, it will spell trouble for Tiger.
One more thing to note, it took Tiger more than 5 years to break-even. Therefore, do not think that stockbroking companies make money easily. It is a cut throat industry with commission falling close to zero. Generally, stockbroking companies are acting as agents, not principals. That's why you can see CFD players are making money because they are acting principals.
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- RatedReuben·11-12not just tiger look at the other Chinese stocksLikeReport