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Boeing - A One Day Chart That I Now Like

Here is is. Why do I like this chart? It spiked on high volume in the morning and volume came into it on the close. So here is what I did. If you see charts like this you could be also be doing this. On a cautionary note Boeing has hit a rough patch as of late but this trade might be good for a one dollar profit. If it happens take the money and run. If you miss a four dollar move to the upsde so what. Here is a fill at 3:37 p.m. which I could have got for less a few minutes later. Here is Boeing's five day chart of torture. What might happen? Could it stumble on the morning trying to get fresh legs? Maybe.
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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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