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This One Is Too Nervous To Watch. Pfizer

This is a short blog full of twists. Try to get through it. First a five day chart of Pfizer. chart. In the past week it was up $1.05 and it was the 7th most activity traded stock on the NYSE most active list. It's in a breakout mode. Look at how it traded over the last three years. This breakout mode might last a few days, weeks or months. This stock has a history of moving somewhat slower than most stocks. A second quarter earnings report comes out July 30th. If it's good that could add a touch to the stock's price. Now this. As a general rule stocks and options on stocks in this particular price range are difficult to play and in this case everyone is following the same story. Fred down the street and John around the corner and Mark across town are all dialed into the same commentary. There is nothing that really gives you an edge when it comes to playing it. That's the problem. Here now is a look at the Pfizer "next-week-out" $30.00 series of Call optio
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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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