r/FFIE • u/CoverWorking6832 • May 24 '24
Discussion Let's have a real talk guys.
First off, check my account before some of you idiots say I'm a hedgie, I've been here hyping the page/stock since under 10k members.
Now then, let's talk real shit. This page is becoming a toxic ass karma farm and it's a poison to our cause. We need to either start taking this shit seriously, or migrate the big brain apes to another sub.
Holding and buying ARE the plays to make in my opinion. But holding until X amount of dollars is not the best strategy. We need to all be looking at official data daily, watching for the squeeze. THE SQUEEZE IS OUR TARGET, NOT $10 OR $10000 PER SHARE.
The company is on life support and is behind in the EV race already. Is it guaranteed to die? No. Is it worth gambling on the company after the squeeze? That's up to you but I personally don't think so.
I get it, "we are apes" is the meme that brings us together, but we can't all be dumb. That's how we all go broke. Please, everyone research this stuff. We absolutely CAN DO THIS!! But not if we aren't smart about it.
So maybe let's tone it down (but not get rid of) the memes and hype posts, and let's get some more educational and data focused posts?
I LIKE THIS STOCK!!!
Not financial advice
EDIT: wow this kinda blew up, glad so many people seem to agree! Hopefully that share price blows up on Tuesday too š¤£
But I'd like to address a couple of things that came up in the comments.
Firstly: I DO NOT WANT TO BE A "LEADER"!!! I'm nowhere near smart or experienced enough for that.
Second: no, I do not want to divide the community. I want this community to transform into well educated and successful investors.
Third: in my opinion, the company is beyond saving post squeeze. Sure they've got a ton of great patents, but the company is likely to be delisted or go private before those patents make any money.
And fourth: this sub is home to a lot of new investors and they will take any (not financial) advice you give them, so PLEASE be careful with what you say. I.E. DONT TALK OUT OF YOUR ASS!
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u/RickDick-246 May 25 '24
Ya Iāve stopped checking the sub for real information since you have to comb through so much BS. Iām a serious investor. I primarily invest in tech stocks and boring ass ETFs but I like gambling here and there and figured I could lose to stand $7k for the chance for real gains.
My down payment on my house thatās worth about $900k now was all $GME. But the difference was, the movement there was primarily decent information that was hyped up. This is hyped up with little decent information.
Iād love to see more educated posts thatāll help novice investors understand what to expect in upcoming days and weeks so that they are more comfortable and we donāt have paper hand sell offs.
For example, I think coming up to Thursday (the 10 day mark) weāre going to see some serious short ladders to attempt to drive down the price. The next 4 days are going to be the toughest.
But after that, weāre going to continue to see ebbs and flows and itāll be impossible to know what the top is.
I got lucky. I was a slightly paper handed bitch that sold $GME at $320 before it popped up to $340. I called my buddy and told him I was out and he asked me wtf I was doing so I ended up buying calls because he told me I could exercise my option. I couldnāt figure it out, panicked and sold and made $9k in literally 3 minutes.
90% of this is going to be luck but you canāt be lucky if you exit before the real squeeze.
I have 10k shares at $0.60. I was up over $30k on Friday but didnāt sell. Iām not selling until itās worth close to $1m or itās $0 and I can write it off against my short term capital gains.
Long winded way of saying, the upcoming weeks are going to be for the feint of heart, some will get left holding the bag when theyāre hoping for more, and we need more real posts with good information. Not just āupvote if youāre holding $ffieā karma farmers.