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Walmart Again

On Monday I did a blog on buying this week's Call options on Walmart for a morning move. Today is now Thursday and there was a big sell off in the markets yesterday. Tesla sold off for example and here is what happened to it. Today it is slightly rebounding as are so many other stocks. Thursdays however as oftened mentioned in recent blogs are not a good time to be purchasing one day options on stocks that expire the next day. Times change. In less chaotic times that's not always case. In the last few years there would be known upcoming Friday morning events like the release farm payroll numbers or other economic readings that would move the needle on the markets going up or down on on a Friday morning. In those markets it paid to get into option positions before the closing on a Thursday to get out on the Friday morning bounces were caused by the release of these premarket reports. So how is any of this revelant to Walmart's trading today? Well, there was a whole bunch o...
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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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