Economy

teachercd said:
No...tell me more!
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Just started reading about it this morning. FFIE, Faraday Future Intelligence Electric. They make electric cars. Was listed in 2020 and the stock price got up past $4k. Then it tanked to a penny stock. Apparently hedge funds have shorted 95% of the total float. On May 13th it was 6 cents a share. Now it’s well past $1. 

 
Fru said:
Just started reading about it this morning. FFIE, Faraday Future Intelligence Electric. They make electric cars. Was listed in 2020 and the stock price got up past $4k. Then it tanked to a penny stock. Apparently hedge funds have shorted 95% of the total float. On May 13th it was 6 cents a share. Now it’s well past $1. 
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Dang, just checked it out.

Weird.  Something made it up just now.  

 
Fru said:
Just saw now that some exchanges have halted trading on it. Sounds like GME all over again. 
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Wonder what is going on with it.  

It has a negative revenue!  Ha!

Well, something is f#&%ing with it, I will spend 180 dollars to take a chance on it, who knows.  Maybe it gets the GME treatment. 

 
teachercd said:
Wonder what is going on with it.  

It has a negative revenue!  Ha!

Well, something is f#&%ing with it, I will spend 180 dollars to take a chance on it, who knows.  Maybe it gets the GME treatment. 
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I aped in for a modest 15 shares. Currently up 90%. Smh. 

 
teachercd said:
Not sure if it will hold but it is up big overnight.  Thanks for the tip!!  I might buy more today just to see if it has that little Friday push in it.

Also, the CRKN is on fire and still super cheap.
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Was just about to ask you if I missed the boat for CRKN. 
 

I’ve been a little snake bit with this stuff since GME and just decided to stick to my boring SP funds. 

 
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