Lucid Group Inc (LCID)

[Rafa636]

catdog.....lets see what happens.

[seventhcircle]

must be why the puts keep printing.

[Cat dog]

Shorts about to shit in there shorts !!! Up up we go go bulllya

[Cat dog]

We go up with the Nasdaq 100 index fund. Lucid back to @38 plus

[seventhcircle]

LCID chart daily

[seventhcircle]

and that's why it continues to go down. the shares unlocked from IPO seed investment

[Cat dog]

Nope it bottomed. Just stupid Shorts and Bears that love Greed !! Greed kills. We go up fro here.

[seventhcircle]

still in downtrend.

[Dr PennyStock]

It confirmed a double bottom at 25.64 - 26.15.

[Cat dog]

Bear Traps ?? Deployed we go back up before close. We hit bottom. Let’s get to @38 peeps

[seventhcircle]

$lcid chart

[seventhcircle]

there's the relief bounce.

[BJ_Cooper]

Nice call!

[Rafa636]

Almost back to $28.00....Looks like the bottom has been found. Congrats to all who had the guts and cash to leverage down these last few days. In a year or less we will all be grinning from ear to ear....IMHO!

If it drops back into the $26.00 today, I am going to slap myself.....lol

[Rafa636]

Looks like a good call powerwalker seems that mid $26.00 is the bottom........MAYBE....lol

[powerwalker]

As noted yesterday, bought some more this AM under $26 by a hair.

[Rafa636]

Still big downward pressure. No one knows where the real bottom is but my goodness these shares are getting discounted quite nicely for those who have more money to invest.

[seventhcircle]

needs to find support first imo.

[Cat dog]

Mega Short Squeeze incoming LCID back to @40 plus. Take there profits away. Buy and hold effect !!!!! Push the FOCKERs out !!!

[seventhcircle]

yeah, not a bad bet after todays blood.

[powerwalker]

Bought some this afternoon in $28-29 range and will tomorrow if SP is still there.

[Windbag1014]

The chip makers are getting throttled today.

[seventhcircle]

yeah, big boards took a beating today, waiting to take an entry now. see if things rebound. seems over done, but we will know for sure at open tomorrow.

[powerwalker]

7th, Tesla set this off as it reported supply chain issues and the market covered the whole
EV industry in the same blanket. Rafa has some good remarks about the plunge.

Hopefully, the Apple numbers will gain back confidence in tech after the close.

[seventhcircle]

LCID wow

[seventhcircle]

yeah, for sure. looks like it's bouncing a bit now.

[pcjockey]

I don't disagree. Gotta be vigilant.

[seventhcircle]

yeah, it's wild. however most stocks are no longer value buys anymore with crazy PE/s thats my opinion.

[Zilidium]

Super deep discount, suport in the 27's...
buy buy buy

[pcjockey]

a lot of stocks are hitting lows I haven't seen since the pandemic crash.

[seventhcircle]

29.24 wow

[seventhcircle]

yeah, true good point just not sure bottom has hit yet.

[Rafa636]

agree, but that was from the $40 plus levels to the mid $30's. This continued drop is just the sector in general.....IMHO. Hoping I'm right but regardless, if it drops into the teens I will be buying more.

[seventhcircle]

$lcid chart

[seventhcircle]

True, but I believe IPO share holders unlocked from restricted I think and that could be whats driving price down.

[Rafa636]

The whole EV market in general is getting hit today. Again, this drop has nothing to do with any bad fundamentals with LCID. It's the niche EV market in general that's getting battered, so if you have the faith in your investment here and have extra cash on hand, it's a buying opportunity. The Rich didn't get rich by selling in a downtrend. They got rich knowing a good deal when they saw it and bought when the panicked were selling....IMHO this is a good deal!

[seventhcircle]

breaking down again lets see if they take it under 29

[Joey_B]

I’m in it for the long haul but…….I’m a little worried ??

[seventhcircle]

seems like it's still in downtrend lcid

[Rafa636]

PoorOlme.......in a year from now you are going to have to change your moniker to Richolme.

I also was hoping it would drop below 30 and it did and I bought me some more cheap shares!

GLTA!

[seventhcircle]

starting to bounce now

[Rags2Riches]

What a golden opportunity,


Six months from now maybe less we will think back to this moment and ask ourselves why didn't i buy more! I will be honest, crazy as it seems i wanted 30.00 so i could buy more! If and when the day comes that LUCID hits 200.00 per share i will assure myself to be a very wealthy man! Today i got my wish, tomorrow i will have my dream! GLTA

[Rafa636]

Well folks today they afforded me/us the opportunity to buy even more. Just bought some @ $29.65.

The timid are probably freaking out today but this is probably one of the few new stocks that I feel will be huge for the strong longs. TESLA almost went belly up before it succeeded and LCID is nowhere near the dangers (low on cash) that TESLA faced in their beginnings.

Like I said, I haven't seen anything with LCID's fundamentals that warrant this drop. IMHO!

[seventhcircle]

crazy chart has completely broken down on $lcid

[powerwalker]

The whole EV industry is going downhill today with Tesla off ~$50.

Didn't see any negative articles on the group unless the supply chain is becoming an issue.

[powerwalker]

That is what I've read to, Windbag.

I've been thinking Lucid should be releasing some info on the '21 shipments and its forecast for 2022 soon. Possibly, it is waiting until it releases the fiscal year results to address those items.

Given the SP, I wish it would do so sooner, rather than later.

Peace,
powerwalker

[seventhcircle]

dang going lower wow

[Windbag1014]

I think it will be bouncy for a while. Not for the timid.

[seventhcircle]

crazy drop this morning. kinda seems like it wants to bounce.

[Windbag1014]

This is the range I have been seeing.
20,0000 Lucid Air

Hopefully they have the chip shortage thing figured out and the 20,000 number is conservative. I don't think the confirmation of them being a large player is going to happen overnight. They also have to grow into their $55 billion market cap.

The competition in the space is heating up with the big guys throwing lots of money at EV. The Car of the Year is a good start. Now we just have to see if they are for real.

Lucid is also forecasted to produce 20,000 Lucid Air sedans this year, take in more than $2.2 billion in revenue and launch three other models inside 2022.

https://investorplace.com/2022/01/lcid-stock-yes-lucid-motors-stock-is-a-buy-heres-why/