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Walmart Again

On Monday I did a blog on buying this week's Call options on Walmart. Today is now Thursday and there was a big crash in the markets yesterday. For example, Tesla had an insane selloff. Here is what happened to it. Today it is slightly rebounding as are so many other stocks. Thursdays however as oftened mentioned are not a good time to be purchasing one day options on stocks that expire the next day. So how is any of this revelant to Walmart's trading today? Well, there was a whole bunch other stocks that got knocked yesterday that might now rebound back up again together. Look at the chart below of Walmart and see how it was off a couple of dollars yesterday. Could you buy in now and get out later in the day? Fantasy thinking, one might say. Could it sneak up even one dollar? Now this. The stock mid morning is now merely trading sideways. Now look at this, the 93 series of Calls. (On Monday we were looking at the 94 series of Calls). At 10:22 a.m. the stock is up six cents...
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FFIE "Faraday Future Intelligent Electric"

 This is a strange story. The stock Faraday Future sank on Wednesday by about 17% after recently doing a  80-1 reverse stock split. Then the stock went down about half-price again the day after. This time they announced that they would be issuing additional shares, for about an amount of 90 million dollars. If you have an EV company to run, that's not very much money. To add to the confusion a share buyback program to help support the stock's price was recently announced. You can't have it both ways. You can't be issuing new stock and buying it back at the same time. Money was recently wasted on that activity. Short-selling activity has plagued this company. Short sellers so far have won. When you have already three billion into the company and have only produced three vehicles there is a problem.





But wait, if you don't know the story it's a California-based company that

has just cranked out a few ( once again only three) high-end EVs and sold them to celebrities. That's not much of a game plan. It's also a company valiantly fending off critics who have watched this company struggle for so long.

When a stock falls into this price range it is dangerous and stands a very good chance of going into receivership. Google it and watch it yourself. It will be interesting to see how it goes. 

When things are dropping this fast it's best to stay away. 







They do make a cool-looking car but maybe being cool-looking is not enough. You can't keep going back to the well asking for more money. The stock is down over 97% in the last year.  Have you ever witnessed a stock dropping that much in price and then surviving? Probably not. Here is one of their electric vehicle models. They look like they will sell. Who knows?  Another car company I have blogged about is Polestar. Their stock has struggled. Investors are currently cautious on so many of these companies.   If you read about EV companies in China you will find out that there is a large number of EV makers in that country. Like over 80 different companies churning them out.  Maybe it's best just to stick with Telsa.



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