Rebound or short-squeeze?
Like its intraday wild swings lately, $Faraday Future Intelligent Electric Inc.(FFIE)$
In fact, I'm not convinced that the rebound in stock price is any indication of the company's recovery, and I believe that the stock price has run ahead of Faraday Future's fundamentals, and it would resume its free fall once the meme frenzy party is over.
The macro headwinds are not helping Faraday Future either, as the EV market is seemingly getting saturated with Tesla-wannabes and other conventional vehicle makers jumping onto the EV bandwagon, so that pricing is increasingly becoming the weapon for snatching and defending market shares to the detriments of the profit margins for all EV makers.
Hence, I would take advantage of the unjustifiable rally in stock price to relinquish my holding if I'm a shareholder, or even sell a call option on the stock as I maintain my bearishness on the stock.
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