To The Moon

Hi Tigers, 

Have you tried our Tiger Prediction feature? If not, please check out here! Make bullish/bearish predictions in your post, and if your post gets [IDEA] or [PICK], you will have a chance to win free voucher rewards every week! 💰

Let's take a look at who the winners were last week (18 May-25 may) and how much "profit" they made! 💰💰💰 

Congratulations to the following Tiger Friends for winning free voucher rewards @Shyon @koolgal @AgentW @Fenger1188 @Samlunch @pekss @hhjsyndrome @Tiger V @JC888 @ZEROHERO ! And let's specially congratulate the Tigers who are “Star Contributors” For winning additional coins.

Become a Star Contributor now to win more additional rewards >>

(The stock vouchers will be sent to you within 10 days, and you can check and claim the voucher on [Profile] - [Rewards Center].)

Well, let's then have a look at how some of them made their stock predictions at that time! 

@Shyon Bearish on FFIE(18 May): + 35.22%

FFIE

Faraday Future Intelligent Electric was up more than 6000% for the week. A huge percentage of short interest on this stock is a major factor in the sudden buying action. The electric vehicle had been trading for pennies before the recent rally, which prompted the company to receive a letter from Nasdaq indicating that it was not in compliance with listing rules. The market cap on FFIE is now back over 100M .

FFIE daily chart

A perfect catch for over 6000% gain last week. I opened a small position at 0.55 USD and locked profit last night at 3.50 USD, sweet gain. 

FFIE high risk trade

By looking at its technical chart, due to the craziness of the stock, nothing much we can analyze through technical indicators. However, we can apply "see profit, take profit' strategy. The stock is in a crazy stage now with overbought condition. The pullback will be anytime and will be very painful as well. The potential upside is around another 41% from current price, but the risk is super high. I guess FFIE will retrace, just like GME and AMC after some unreasonable rally. For such, I am $Faraday Future Intelligent Electric Inc.(FFIE)$  for the company share price next week.

@koolgal Bearish on FFIE(18 May): + 35.22%

🌟🌟🌟$Faraday Future Intelligent Electric Inc.(FFIE)$  is in the news lately as one of the hottest meme stocks.  Perhaps Roaring Kitty aka Keith Gill has a hand in this as he is back in action after a 3 year hiatus.  Another meme stock $AMC Entertainment(AMC)$  has also gained recently with its shares up 25% this week.

However as is typical of meme stocks today both Faraday and AMC fell, with Faraday losing 36% while AMC fell 5%.

Short sellers are feeling the pain due to "Short Squeeze" a phenomenon where the sharp rise in the price of a stock forces traders who previously sold short to close out their position. The strong buying pressure squeezes the short sellers out of the market.

Fundamentally both Faraday Future and AMC are not strong.  In fact Faraday Future is on the verge of being delisted by Nasdaq as it was unable to maintain at least USD 1 per share.  Faraday Future has also not filed its 10K Form.  However this surge in its share price to over USD 1, may help Faraday to stay listed.

Faraday has also undergone its 2nd reverse stock split of 1 for 3 in just 5 months.  It  was also in rent arrears with its Landlord.  On top of that it had its first vehicle recall as it has a problem with the warning light for airbags in its FF91 SUV.

AMC is on a mission to pay off its debts with the issuance of USD 250 million shares recently.  This causes dilution of its share price.

However AMC's Q124 recent earnings just released last week was better than expected.  This was due to the outperformance in the US domestic box office sales.  The shift towards premium experience such as IMax has contributed to better revenue per patron of 36% compared to previous year.

Performance wise Faraday Future is down 37% today but has skyrocketed 2134% in the past 5 days.  It is now up 71% year todate but it is still down 98% in 2023.

AMC is down 5% today but is up 25% in the past 5 days.  However AMC has lost 25% year todate and in 2023 AMC fell 90%.

Faraday Future and AMC are Meme stocks fueled by the Euphoria and Speculation of traders due to the power of Social Media.   Their rapid price jump is more due to hype than fundamentals.

Meme stocks are High Risk High Rewards kind of stocks.  They are not suitable for the risk adverse investor like me.   

There is a saying "A rising tide lifts all boats".  But according to Warren Buffett "Only when the tide goes out do you learn who has been swimming naked."

I do not wish to be a Bagholder for Meme stocks like Faraday Future and AMC should the tide go out.

Feeling excited after seeing these results? Want to know more about these users' opinions? 😆 You can find the [Tiger Prediction] feature by entering the [Discussions] section on any of the available stocks and check it out! We welcome everyone to share their own insights and be the next user on the list!

[Notes] 

1. Your content must be ORIGINAL and get [IDEA] or [PICK] in the Tiger Community to be eligible for the rewards.  Besides, your post must be strongly related to the stock, and you need to state the reasons why you are bullish/bearish on it. The bullish or bearish reason for each stock must be over 200 characters, and it needs to be clear, detailed, and specific, with more extensive explanations preferred. General or vague reasons, such as "I am bullish on stock XX because the technical indicators are oversold" or "I am bearish on stock XX because its fundamentals are poor," will be considered invalid.

2. The cost price of your (simulated) position will be the stock price when you make a prediction post. The Rate or Return(RoR) will be calculated by your cost price & the week's close price of that stock you make predictions on. 

3. For a single stock, you may make predictions multiple times, but only the last one will be counted. 

4.You can provide a comprehensive analysis and predict multiple highly correlated stocks to increase your chances of winning.For example, you can write an original analysis on the semiconductor industry and correlate it with the bullish or bearish stance on multiple semiconductor stocks such as AMD, NVDA, SOXX, and so on.

5. You may make predictions on all the stocks available (around 100 tickers), and the highest five RoRs will be counted in the Overall Weekly Prediction ranking. For individual stock rankings, regardless of how many stocks you predict, only the top 5 highest RoRs can make it to the list each week.

6.The distribution time for the vouchers will be sent in 10 days after the release of the list. Please be patient and wait for it.

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