FFIE stock price reset in progress. Beware.

$Faraday Future Intelligent Electric Inc.(FFIE)$ In a penny stock pump and dump, what happens is the ring leaders of the pump load up on shares at a very low price. They choose a company that doesn't have a lot of interest, and as low a stock price as possible. This "load up period" is while they plan the pump. Then, once they have as much of a position as they can put together, they start the pump. They ran it up, and unloaded. What you see here is just the remaining energy from the fish they got all stirred up about it. What is left is actual risk taking. What they did wasn't risky, other than if they couldn't get any traction on their pump. They had nowhere to go but up.

Look at the volume from April 30th until May 10th. The stock price didn't move. But the volume appeared out of nowhere. Look at it all April. So you can see where the pumpers started loading up. Then they pulled the trigger.

Once there was blood in the water, yeah, volume came from all over, chasing the volatility, chasing your cash.

There were never any HF shorts. There were never any catalyst events. Literal textbook pump and dump.

These happen every day. Most actively traded penny stocks. You'll find a dozen stocks trading millions and millions of shares. This is an everyday occurrence.

Stock price reset in progress. Beware.

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  • Great analysis! Appreciate your insight on the recent pump and dump scheme. 🙏
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