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Qifu Technology Inc DRC (QFIN)

NASDAQ
Currency in USD
Disclaimer
17.97
-0.05(-0.28%)
Real-time Data

QFIN Comments

people without money will want to lend money due crises
Black Friday, time to add more here.
Good price, this is going up to $30
For me UPST is currently the better choice - I keep and eye on QFIN and might enter a position once momentum gains (but with a tight stop limit). In the meantime UPST I have tighentend the stop loss for UPST to 8%, but I think UPST will go up further - even in bear markets.
lol you are the typical upstart investor ... you have not idea of what fundamental are ahah
You cannot look at only like that for high tech companies - You have to look at different facttors - how would value companies with negative P/E? You have to look at their growth rate, gross and net margins, R40 and cash flows and bring them to the future. If they fail to deliver on the growth it will dive, but if they do, these ratios will start to tumble.Also, their business model is excellent - unlike QFIN they have penetrated big banks in US and Europe, potential is huge - to get in now, yes it is an expensive stock at nearly 40x Sales, but it might very good profits and might sell into it.
Well, then you lose out big time, what about TSLA, ROKU, ESTC, PSTG and many more. Most high tech growing companies have more than 3 net losses and I am invested in them (except TSLA). That is the reason their grwoth rate and FCF margin are growing (or at least thei sum)...once they brake into profit, their are cash machines with these margins...
crazy excellent earnings, time to go back to 40$
?
20 here we are
and bought it again ahah 20-30 range will be played until the end of the year
okay this is crazy...
Actually I’m thinking about buying this ********
looks like it's going up now. But yeah I agree with you. Buying Cinese stocks is more like gambling.
I like gambling. I'm gonna bet some money on it now.
almost 1x revenues at current price ... insane
AI IA this is not unsual - actually it is the average 1-2 for credit services and having low P/E ratios. You cannot compare it with other sectors - margins are very low (even if you use apps or technology - you core business, QFIN, is lending money - and I would not rely just on a sole webiste for information (rather start with their financial report). Additionally, QFIN has also a high risk reward profile....so depedning of situation is favorable or not the stock will react more than others...
you have clearly no idea of what you are talking about ... look at growth rate and margins .. this is a fintech not a bank
AI A read their earnings report then you see what is their business - traditional lending is over 80% platform services is les then 20%...reading 1 ratio is one thing....putting into context, well..useless
Just bought more ahead of earnings soon which should be good despite the fud.
John is it worth to entry to QFIN ?
totally not worth it. Dont trust any chinese company.
I don’t think it will stop falling. And i won’t recommand to buy any chinese stock.
The app has been re-approved :)
Anyone understands the price action from the last week?
no clues .. this stock is completely manipulated .. only long term holders will be rewarded
App is live again
this stock is not worth to at all. short it!
based on the fact that is currently trading 1x revenues
sure
it's still falling. i have huge profit now.never buy chinese stocks. you have to short it! that's how you can make money!
the approved app will be re-launched to market soon
The lending app temporarily banned in the couples of weeks ago has been completed for modification and is just approved by China government Authorities
never trust chinese company
Another down today! Nice!
looking at China markets this might have more downward potential.
go to zero!
to zero!
Another down today! Nice!
well at current very risky. Seems the their 360 IOU app was removed from the app store and have now several law suits - that is not the worse of the story - if that is true and dat was leaked, then this will be only the first step of Chinese gov. - they might crush the company and really restict them from doing any business - the Chinese gov. is really crushing all companies which leaded data (to USA( - so with lawsuit and China who knows how deep the hole goes.....
another non sense buy opportunity!
https://cj.sina.cn/article/norm_detail?url=https://finance.sina.com.cn/money/bank/gsdt/2021-07-29/doc-ikqciyzk8246551.shtml
Bought more @21,9
this Price Is ridicolous
Bouth at 28 (had buy order in), but now with very tight stop loss, so from today onwards already in the gain. Will accumulate at 30,32 etc. and of course accordingly sell at these levels (but trailing, so if it gains, so does my gain)
waiting is the game. now even the US is a threat to qfin, if delisted only otc trade is allowed. that would affect the price greatly.
deliberate mistakes to squeeze small shareholder out
what mistake? is the app ban news fake?
the news was not fake but may somebody make the price drop for others to buy dip, the order had been placed by the government to 48 apps in mid May for rectifying these apps in question in order to avoid the over-collected privacy information that was irrelevant to its business, however the firm announced the app was suspended temporarily yesterday due to "careless" overlooking the parts of the requirements launched with the government order. Such excuse appears nonsense but maybe deliberately made it from technical point of view. All of the above is just suspected without evidence.
the news was not fake but may somebody make the price drop for others to buy dip, the order had been placed by the government to 48 apps in mid May for rectifying these apps in question in order to avoid the over-collected privacy information that was irrelevant to its business, however the firm announced the app was suspended temporarily yesterday due to "careless" overlooking the parts of the requirements launched with the government order. Such excuse appears nonsense but maybe deliberately made it from technical point of view. All of the above is just suspected without evidence.
Not bad - got washed out at 38 (with small gains - maybe a long haul business class ticket...) - Will wet my feet once it reaches 28 again, but with a tight leash - the Chinese crackdown on payment companies cannot be assessed yet.
classic 360 up 100% down 30%
will be washed out at 38, with gains, if it falls further.
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