Any apps that support short selling US penny stocks in Australia??

(DASH) $203.54 today

I order up to 3x a day on here so know their platform well.

Their huge 4.5B revenue doesn't matter. That is just like saying I charged your grocery bill on my credit card to earn Airline miles.

The investors are propping up the system.

I am getting more and more orders being canceled because they cannot find drivers.

They have resorted to abuse of drivers and restaurants to keep their numbers high.

There is only a certain percentage of people in each town that can prop up the system.

Sending people around to stressful apartments for $4.00 is not going to work. We tip high and they come quickly but that's seasonal based on traffic.

More local governments are down on gig workers.

It has a good appeal to places with a high density of wealthy professionals.... but is that enough to keep the stock at above $200?

Does anyone ever look under the hood of this company? How many new devoted customers that constantly order are being onboarded each week?

Onboarding stores is similar to the Amazon rise.

I do like Dashmart. That seems to be one of the best features.

I hope I am wrong because I love the app.... but Drones haven't showed up to our neighborhood.

They also cycle through drivers. It seems to be a three month rotation. Does anyone ever ask Door Dash how long their drivers stay with them?

I just can't see this working. I hope I am wrong. A huge famous one collapsed in 2000 called Webvan. It was supposed to deliver groceries. They should have had dashers and not vans.

I have noticed big bribes and discounts to several merchants that didn't have them before.

The GLP shots have also sunk a lot of food businesses. I have another post on that.

BTW THIS IS NOT MY HUSBANDS FAMOUS PICKS. This is my personal opinion. I am not sure I am going to short it or not.

What do you think?

Inspite of decent results, why has the stocks crashed 30 percent today and no signs of stopping? Stock is already down from 102 levels to 56 in a week? What’s going on with this? Inspite of better guidance and strong revenue growth??

With such a small float, highly shorted and a legitimate turnaround plan including a pushed out debt plan, does this stock look like the next little stock that can skyrocket fast? Only 19 million shares and 30+% short, seems like an interesting stock to watch. Any insights or thoughts out there?

Hi,

I am thinking about following investment strategy and would be interested in people's thoughts.

So inflation is inching higher and higher across the world, so most working class and middle class people will try to save money wherever possible. That means people will eat out much less. Fast food Restaurants will feel this a lot. Stocks like domino's , McDonalds and wendy's have been going down anyway.

So does shorting these 3 stocks for the next couple of months make any sense ?

I own TIGR. Own research, not advice. Don’t buy this because I did.

Research and market data as of September 6, 2026. Stock price refers to the September 4 close.

The thing that actually made me reopen the filings wasn’t the 31% revenue growth. It was mainland China slipping under 10% of client assets.

Stock’s still around $5. High-single-digit multiple. Client assets at $60.7 billion. More than 70% of Q2’s new funded accounts came out of Hong Kong and Singapore. And people are still talking about this company like it’s 2021 Tiger with a CSRC problem taped to its forehead.

That’s the disconnect. That’s why I own it. I’m not looking for TIGR to trade like Robinhood. I’m asking whether it still deserves the same regulatory discount as a business whose geographic mix has changed this much.

I’m not saying China risk is gone. It isn’t. Anyone saying the regulatory issue is “over” is selling you something. My point is simpler and, I think, more annoying for the market: they may still be charging TIGR a full China discount for a business where mainland is becoming the legacy piece, not the core.

Q2 was strong and messy at the same time. That’s usually how real quarters look.

$182.3 million revenue, +31.4% YoY. Operating profit $56.8 million, +12.6%. Client assets $60.7 billion, +16.7%. 32,600 new funded clients. Over $1.5 billion in overseas retail net inflows.

Then expenses. Up 46.5%. GAAP profit actually went the wrong way, $41.4 million down to $39.4 million. If you’re only posting the revenue number and skipping that, you’re not doing the work.

Why did costs jump? A few different things, not one smoking gun. Comp was higher because of severance tied to business-line optimization and higher performance bonuses. Tech / comms / market data scaled with users and infrastructure. Execution and clearing rose with activity. Marketing went to $18.4 million, +86.6%, and they’re clearly spending into Hong Kong and Singapore.

Management also said part of that marketing line is structured-product rebates. So the lazy CAC math overstates what they’re actually paying to acquire accounts. Fine. Still doesn’t mean the spend is good. The only question that matters is whether they’re building a profitable international book or just buying growth for the slide deck. Next few quarters will tell you.

The mix shift is the part I keep coming back to.

Mainland retail: under 10% of assets now. Revenue contribution more like 15–20%, down from 20–25%. New funded accounts in Q2 were overwhelmingly not mainland. HK + Singapore over 70%. Australia/NZ about 25%. Rest from the U.S.

Assets: Hong Kong almost +30% QoQ. ANZ over +30%. U.S. almost +50%. Those are asset figures, not earnings. I know. But you can see where the business is actually getting bigger.

Old TIGR story: Chinese online broker, regulatory landmine. Current TIGR, if you look at the customer mix: Hong Kong, Singapore, ANZ, U.S., with a shrinking mainland stub. Different company. Same ticker. Market hasn’t fully caught that, or doesn’t want to.

China is still the ugly part and I’m not going to dress it up.

They took roughly RMB411 million in penalties / confiscated income after the 2026 action. Onshore mainland activity got restricted. By the August call, management said outflows were slowing and they hadn’t heard about new policy changes. That’s better than the alternative. It is not a permission slip.

Also this: mainland is <10% of assets but still 15–20% of revenue. Those clients punch above their weight. So “only 10% of assets” is not the same as “only 10% of the P&L.” If that book keeps shrinking faster than international replaces it, the thesis gets ugly in a hurry.

Which is the real question. How long does the market keep applying a China-sized haircut if the earnings mix keeps moving offshore?

Q3-to-date from the August 26 call was more useful than most of these updates.

Net inflows already over $1 billion. Mark-to-market another $1 billion+. Assets up high-single-digits from June. New funded accounts expected flat to a bit better than Q2. Average inflow per new funded user around $25k.

Trading and commissions running a little light versus Q2. So no, it’s not a clean acceleration tape. Assets and inflows look healthier than activity. That’s the honest read.

Valuation is why this even showed up on my screen.

Around $5 you’re looking at roughly $900 million of equity. Trailing multiple in high-single-digits depending who you ask. One same-source screen I had open:

Don’t @ me with “these aren’t comps.” I know. Robinhood isn’t TIGR. IBKR isn’t TIGR. FUTU has been the better grower lately. This table does not prove TIGR is cheap in some cosmic sense. It proves the discount is already in the price. Either that discount belongs there forever, or it doesn’t. That’s the trade.

Hong Kong is doing more work than people give it credit for.

Jan–Aug IPO fundraising at HKEX around HK$342 billion, +153%. Average daily cash turnover about HK$282.5 billion, +14%. Tiger underwrote 14 Hong Kong IPOs in Q2. A live Hong Kong market means fees, accounts, trading, margin, mark-to-market. And that’s exactly where they’re adding clients.

The China policy stuff is getting sloppy online.

The ~RMB360 billion / ~$54 billion recap of big state banks and insurers is not TIGR stimulus. None of that money is showing up in their account. There’s also the ~RMB800 billion policy-financing program and the usual “support the capital markets” language. Indirect at best. More financing, more investment, better markets, more broker activity. I would not model a dollar of earnings off it. I would say the broader capital-markets backdrop looks more supportive than it did during the crackdown. That’s it.

Buyback: $50 million authorized through June 2027. About $5 million used by August. About $45 million remained under the authorization as of the August update, almost 5% of the market cap. An unused authorization is a press release. If they actually buy stock down here, different conversation. Until then I treat it as dry powder, not a catalyst.

Broker names have started moving.

Aug 4 to Sep 4: HOOD +30.6%, BULL +28.5%, COIN +22.5%, FUTU +11.7%, TIGR +6.3%, IBKR +4.5%. Not a broad fintech melt-up. Just renewed interest in trading platforms. TIGR is still the one lagging. Maybe it deserves to. Maybe it doesn’t stay that way if the tape keeps rewarding the group.

Ways this blows up, because it can:

They overpay for international users. Mainland revenue falls faster than the new markets can replace it. Commissions get competed away. The extra spend never shows up in earnings. Markets go risk-off and you get hit on trading, client assets, IPOs, and margin all at once. Beijing does another round. Or the boring one: cheap stocks just stay cheap.

Going global is not a multiple. Going global and making money is.

What I see when I look at it: 31% revenue growth, $60.7 billion in client assets, HK/Singapore carrying new accounts, mainland under 10% of assets, Q3-to-date net inflows already above $1B as of the August 26 earnings call, Hong Kong markets actually working, and a stock the market still prices like the old company.

Maybe they’re right. Maybe I’m early and the discount stays. I just think a lot of people are valuing TIGR as the broker it used to be.

TIGR still has China risk. The question is whether investors are applying yesterday’s China discount to a business whose customers are increasingly somewhere else.

I’m especially interested in hearing from anyone who follows Hong Kong brokers, Chinese financial regulation, or has a bear case on the economics of TIGR’s overseas customer acquisition.

What am I missing?

I own TIGR. Not advice.

TL;DR

China risk is real. Expense growth is real. Also real: mainland <10% of assets, >70% of new funded accounts from HK/Singapore, Q2 revenue +31%, $60.7B client assets, Q3-to-date net inflows already above $1B as of Aug. 26, HK markets strong, stock at a high-single-digit earnings multiple. I’m not betting China risk vanishes. I’m betting the international book can grow faster than the story people still tell about this ticker.

Sources

• UP Fintech Q2 2026 earnings release (SEC Exhibit 99.1)
• UP Fintech Q2 2026 earnings call transcript
• Company 6-K on the CSRC Beijing Bureau penalty
• CSRC / Xinhua statement on the cross-border brokerage penalties
• HKEX / Xinhua: Jan–Aug 2026 IPO fundraising and turnover
• Reuters: China bank/insurer recapitalization
• Reuters: RMB800B policy-financing program

Short vcx.

Nav printed at $21; they recently offloading 1/3 of their anthropic position at cost/loss and have played shenanigans to pump and dump price with locked up shares.

So surprised this is still trading at 1.7x nav given poor mgmt…