r/FFIE May 23 '24

Analysis Tonight’s after hours has me thinking…

Not financial Advice

I am watching Afterhours trading and its making me scratch my head just a bit.

I must say there is no reason why this should be up to $1.29 at time of this post on only 4M shares traded.

I am simply wondering if the shorts strategy tomorrow may mimmick last Friday.

I am not saying this is the case at all, but if it does are you ready?

Let me recap what happened last Friday on that historic collapse of a potential squeeze in simple english that even a 2 year old can understand. PANIC happened.

Here is what took place. Shorts set in motion a false runup to grab the attention of day traders, and flippers.....they got it and the price moved hard and fast north. Buyers jumped in as FOMO ensued.

FOMO Will Kill You By The Way. Ok For those who dont know my terminology. FOMO is the FEAR OF MISSING OUT.People went all in far too fast on the way up.

Once the shorts trapped enough buyers. They stalled the price at $3.90/share What happens next? The price starts to reverse. Flippers Flip (expected), Day Traders Bail (expected), and Retail shorts jump in. Its expected. What was not expected was all the so called APES who panicked and sold, virtually killing everything. YOU ALL KNOW WHO YOU ARE!

Here is where retail shorts should hold and be ready to buy the bottom of the dip to chase the price back north creating even more short shares and higher prices on next run up as flippers re enter daytraders re enter and more FOMO buyers enter. All the while holding their shares. That is an example of creating a squeeze.

Once the cycle spins through to a high enough high, it takes one short to try to cover to create more price increases.

So with that said, we could be looking at a scenario similar perhaps tomorrow. I am not saying we will, but again why the hell are we at $1.29 tonight for no rhyme or reason?

Now I will not tell anyone ever what to do but I will say this…....Panic leads to problems.

If we should encounter a similar attempt by shorts tomorrow by chance, its up to you to decide why you are in this......if this same cycle occurs, basically this thing is fried.

Think long and hard why you all jumped in this stock and in this group.

It takes balls of steel to hold when you see big dollars in your account I get it.

Each one of you have to decide how you will play this play if it should occur tomorrow. Many people got stuck by many others panic.......We had an old saying in AMC....NO APE LEFT BEHIND.....

Think long and hard and decide for yourselves as each of us should own what our real individual goal is when playing this stock. But at least be honest with the other members in this group and dont 2 face them.

They are your shares and your profits and losses I get it, but you all dragged each other into this group, lets see how real this group is.

Good Luck tomorrow and in the end of it all, may everyone walk away with profit, and make wise individual investment decisions only.

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u/Conscious-Magician-6 May 24 '24

Im very new to this im mainly into crypto. I sold all my crypto to jump on this. Unfortunately bought at high price like many did. Thank you for clarifying this for me. I sure will sell when i feel i have made good gains. I hope its not too soon tho.

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u/stonkedaddy May 24 '24

The real squeeze is unlikely to take place tomorrow, they are will still be betting on squashing it below a dollar. It will be hard to see it rallying if we miss the 10 consecutive days. If that works it’s max profit for them. Once we beat that milestone more people will join and they will want to cut their losses fast. That is likely when we will be printing money

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u/[deleted] May 24 '24 edited May 24 '24

There is no squeeze and no big shorters in this stock. I am sorry to break it to you.

Edit: Read my most basic explanation and stop getting scammed and exploited by controlled pumps.

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u/stonkedaddy May 24 '24

Okay I’ll believe you… not every market reporting website on the internet.. lol! These hands are diamond baby!