$Faraday Future Intelligent El

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$Faraday Future Intelligent Electric Inc.(FFIE)$ has been on a tear lately as it enjoyed spectacular meme fanfare in the recent weeks, making astronomical gains as a result of short-squeeze by the meme community that has sent its stock stock rallying to heights not seen in months despite lack of improvements in fundamentals that would justify the rally. The trading frenzy in meme stocks that has been reignited appear to be unfazed in the near term, as shortists liquidate their short positions and stay away lest they get trapped by the bullish runs.

As much as I believe that the recent run-ups are unjustified and driven by greed, given the deteriorating fundamentals of the company, and that it is vulnerable to deep crashes when fundamental judgments return to take control, I suspect that there may be more steam to the forward momentum in the short run.

Given the tremendous momentum, it will be risky to bet against the meme frenzy for now.

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jollyfo
·05-30
Time to say goodbye maybe
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AllenBartlett
·05-30
Stay cautious.
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