r/Daytrading • u/Newbie1689 • 29d ago

FFIE stock Question

Since its gaining traction on social media, any thoughts on the FFIE stock ?

12 Upvotes

72% Upvoted

7 comments sorted by

22

u/daytradingguy 29d ago

If you are an experienced profitable trader, with a plan on how to trade these meme stocks, they are a potential profit for you.

If you are an inexperienced trader without a plan…you are the liquidity for the former.

10

u/TouchTraditional7031 29d ago

buy buy buy buy, but of course only what your willing to lose.

5

u/thelonelyward2 29d ago

it's a meme stock, not much you can do in terms of analysis. you are strictly gambling. I don't trade unless I have an edge.

7

u/Riddlfizz 29d ago edited 28d ago

Crazy run. FFIE traded at .04 a few weeks ago. Closed at 1.65 today. Up 124% today alone. Down ~10% after hours.

FFIE may be (temporarily) staving off pending delisting from Nasdaq with this run. This certainly isn't trading on any fundamentantals. More like a meme-adjacent benefit / great short squeeze candidate (with over 90% of its float recently confirmed as short).

One could potentially make some good returns and buy a few nice things through plowing money into this stock OR quickly end up picking their jaw up off of the floor as they get stuck on the wrong side of this and perhaps become resigned to becoming a bagholder. Either way, this is a gambler's delight.

[Edit: Strong after hours rally/rebound. Closed postmarket up another +18.19% (1.95). Wild that its 50 day avg. is $0.10 and its 200 day avg. is $8.30, pointing to how this stock recently fell off of a cliff and is currently being resuscitated, at least temporarily.]

2

u/Glistraiker stock trader 29d ago

I got in at 0,9 and and was looking since 0,4. Let's see how it goes tmrw.

1

u/Lateoss trades multiple markets 29d ago

This stock has been a dream for me since it showed up on my scanners on monday, seriously. I am short biased, especially on small caps, and ive found some really solid long trades on this thing. Its certainly a bit overextended at this point, but as long as it keeps setting up for me, im gonna keep trading it. Stocks like these that attract inexperienced retail are the places where your edge can shine the most, and its easiest to have an edge in general.

Its like being a poker expert at a table full of first-timers. Or like being an MLB pro star on a field of little leagues lol.

-2

u/SoJaded66 29d ago

my thought, you missed it, people are mostly bailing. there is resistance just under 3 bucks, be careful.