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McDonald's. It's Difficult To Fight Strong Stocks.

Here is McDonalds five day chart at the close on Wednesday. Now here is it's three month chart. Now consider this. In two days the stock is up about twelve dollars. I often talk about Wednesdays being the one day in the week the markets can do reverals. Today the DJIA was up over four hundred points and McDonalds was down 60 cents. It dipped on the opening and came back a bit and then selling pressure came into the stock again on the closing. I personally hate McDonald's food. The internet has tens of Youtube videos saying their fries are poisonous. Yet I get it. But think about this. Whenever a new residential subdivision goes in anywhere in North America there is room for another one of their restaurants to go in. They just pop up and everyone knows what they are. Here now is a snippet I posted in a past McDonald's blog. After a lackluster trading session today McDonald's could drop in the next two days or at least on a Thursday afternoon sell off. Yet nothing m...
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Another One Biting The Dust. Farraday Future Intelligent Electric Inc.

A 40 for 1 reverse stock split. Let' see how it survives its first day of trading at it's new price. In the premarkets it's down slightly. That was to be expected. Smart investor have shorted this stock years ago. Just after the opening this morning it was down even more.
Investors who bought in over the last five years or so will never be able recoup their money. Remember Fisker and Electrameccanica both went bankrupt? So what is the Farraday Future news this time?
What's going to keep this company going? Will it ever turn a profit? Read a previous blog I wrote about another company in the same camp called Taiga which makes electric snowmobiles and more recently electic watercrafts. It is a Canadian company heavily financied by the Quebes government.
It has borrowed a lot of money to get to where it is at now. I have talked about it before, see one blog posted on Decber 12th, 2022. It is now under a "stop trading" order.
Stocks trading under $1.00 come with a high level of risk. (Here now is how Farraday Future closed the day, the first day after a 40 for 1 reverse stock split).

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