What now? Clam down and watch it first!
$Faraday Future Intelligent Electric Inc.(FFIE.US$ So we closed below a dollar, "what now?"
So it finally happened, we all knew it could and likely would happen but today it did, we closed below $1.00. Now I know what many of you are thinking "It's all over! We lost all this money!"
Being emotional in stock trading will get you nowhere, but what will? Facts. Facts will get you everywhere in stock trading, here are some:
1. The stock will not be immediately delisted
2. The original date for the NASDAQ delisting was set for June 25th, provided we didn't get a 10 day streak over $1.00 before then.
3. As of yesterday (28th May), the NASDAQ delisting hearing date was delayed because of FFIE's request, by an additional 30 days, pushing the delisting to the end of JULY.
4. Yesterdays overnight price downfall was caused by an "error" on the Asian broker "MooMoo" resulting in a large portion of our overseas allies selling their shares in panic. THEY WILL BE BACK NOW.
5. Hedge funds still have LOTS of short positions to close and LOTS of failures to deliver to close out.
6. There are still TENS OF THOUSANDS of people like you and me, HOLDING. THEIR. SHARES.
We have plenty of time to get another 10 day streak above $1.00. Let's all stop stressing, stop staring at the graphs and lean back and relax on the peaceful bed of facts that we have presented to us. We were not expecting this to pay off in a matter of days or weeks. GME, AMC, VW, all of these squeezes happened over several weeks if not months. The road to riches is long and unforgiving, don't be the idiot who sells on a loss and looks back 3 months from now at the mistake you made.
So it finally happened, we all knew it could and likely would happen but today it did, we closed below $1.00. Now I know what many of you are thinking "It's all over! We lost all this money!"
Being emotional in stock trading will get you nowhere, but what will? Facts. Facts will get you everywhere in stock trading, here are some:
1. The stock will not be immediately delisted
2. The original date for the NASDAQ delisting was set for June 25th, provided we didn't get a 10 day streak over $1.00 before then.
3. As of yesterday (28th May), the NASDAQ delisting hearing date was delayed because of FFIE's request, by an additional 30 days, pushing the delisting to the end of JULY.
4. Yesterdays overnight price downfall was caused by an "error" on the Asian broker "MooMoo" resulting in a large portion of our overseas allies selling their shares in panic. THEY WILL BE BACK NOW.
5. Hedge funds still have LOTS of short positions to close and LOTS of failures to deliver to close out.
6. There are still TENS OF THOUSANDS of people like you and me, HOLDING. THEIR. SHARES.
We have plenty of time to get another 10 day streak above $1.00. Let's all stop stressing, stop staring at the graphs and lean back and relax on the peaceful bed of facts that we have presented to us. We were not expecting this to pay off in a matter of days or weeks. GME, AMC, VW, all of these squeezes happened over several weeks if not months. The road to riches is long and unforgiving, don't be the idiot who sells on a loss and looks back 3 months from now at the mistake you made.
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NextMoonTrading : Well said brother!
If-he-in-im-in : i keep holding, like a captain i will drown with the ship
彭老爷 : I really don't think there's any point in selling it now; I'd better be patient