LCID Trading

I would like to start a thread about trading LCID. Most of the past threads about LCID have gone massively off topic.

I vowed to buy below $4. But the fundamentals were so negative in 2023 with no prospect of good news in sight I waited.

I finally bought at $2.80. I think there will be positive news in 2024 about sales in Saudi Arabia from kits sent there over the past 3 month. That will show up in revenue in Q1 onward. Plus, I expect Gravity will continue to receive very good pre-market launch reviews. Finally, I expect some type of partnership deal with a specialty OEM to be announced in 2024.

I’m betting on $5.00 by Q4 2024. $10.00 end of 2025.

I will continue to buy at sub-$4 prices before the Q1 earnings announcement which I expect to hold positive information.

Daniel2022AT said:

I would like to start a thread about trading LCID. Most of the past threads about LCID have gone massively off topic.

I vowed to buy below $4. But the fundamentals were so negative in 2023 with no prospect of good news in sight I waited.

I finally bought at $2.80. I think there will be positive news in 2024 about sales in Saudi Arabia from kits sent there over the past 3 month. That will show up in revenue in Q1 onward. Plus, I expect Gravity will continue to receive very good pre-market launch reviews. Finally, I expect some type of partnership deal with a specialty OEM to be announced in 2024.

I’m betting on $5.00 by Q4 2024. $10.00 end of 2025.

I will continue to buy at sub-$4 prices before the Q1 earnings announcement which I expect to hold positive information.

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I hope you are right.. As of now I am looking at a $80,000+ loss and it really hurts watching it continue to decline.

For once I'm happy to have gotten into something late! My average cost/share is $3.35. No sweat here.

I have been waiting on an entry point and I bought in at $3.

segbrk said:

For once I'm happy to have gotten into something late! My average cost/share is $3.35. No sweat here.

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lol I got in at $35 and $14. Mistakes were made. Oops.

Oh well. It was “play money” anyway, as I don’t speculate like this with money I *need* (actually, nearly all of it was the money I made trading GME and AMC back then; easy come easy go haha)

Let it ride!

(And yes I’ve thought about cost averaging that down significantly but again - don’t want to sink more money in. Fine with it being a write off right now. Not fine with sinking way more money in and being more stressed about it because of the absolute amount invested. I’d rather just drive my lovely car )

I've been averaging down consistently, with the plan to buy more if it hits 2.50. My average cost/share is 4.90 currently. Hoping for one more dip to load up!

Yea…I paid as much as $39 for early shares and have been buying in dribs and drabs since, as the price fell. I’m still -80% but I look at it as speculative. What I lost overall I made back on my Netflix holdings in the last 3 days alone. So just gonna enjoy the vehicle and see where the stock goes in the next few years…

borski said:

lol I got in at $35 and $14. Mistakes were made. Oops.

Oh well. It was “play money” anyway, as I don’t speculate like this with money I *need* (actually, nearly all of it was the money I made trading GME and AMC back then; easy come easy go haha)

Let it ride!

(And yes I’ve thought about cost averaging that down significantly but again - don’t want to sink more money in. Fine with it being a write off right now. Not fine with sinking way more money in and being more stressed about it because of the absolute amount invested. I’d rather just drive my lovely car )

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I'm with you. I'm buying enough to make it interesting, but not enough to worry about it every time I get in the car. As a bit of irony I'm using profits from a TSLA trade.

When I found out about Lucid (some years ago) I started watching the stock / news.
Started buying in when it rose from ~$10 ... then Biden ... then it spiked at over $50 so I sold half.
The other half I kept, since it's " house money " now.

Have lost most of the house money. Had it been me I'd have been buying all the way down. But,

Last year I passed management of finances to the pros...they are probably going to sell my remaining LCID for the tax write-off...
[... but really want to buy more at this price and keep it secret from my advisors....
...they diversified me the year the 500 Index made over 20% ! It's as if the pros don't know ship about "timing the market". /s

sheesh.

my opinion is LCID is a growth stock and a good long-term investment "for fun". Buy now and double your money when Gravity hits.

I added 901 more shares this morning.

When it comes to investing, talking about the past, losses, mistakes, or where your funds came from is not particularly helpful. What is helpful is thinking about what will drive up valuations starting tomorrow onward. I think it is:
1. Saudi sales
2. Gravity hype
3. Some partnership deal
The US market is stalled. Tesla’s massive price reductions confused buyers and destroyed residual values. Hard to see $100k sedans in the US generating more than 5,000 unit sales annually. The news will be about the above 3 points. Thoughts?
What are your price targets for 2024 and 2025?

I don't think your first two points are going to impact the stock price. To some extent the Saudi sales were already baked in when they first announced it last year. I really don't see the Gravity being a big push on future sales/earnings; it will be far too late to the party. Kia EV9 is already getting good reviews and it is probably much less expensive than the Gravity which is still a year away from deliveries. The last point regarding a partnership deal could have impact if it is big enough (Aston Martin deal too small). To drive the stock price Lucid needs a new key differentiator that perhaps helps justify the higher price for our cars.

Careful jumping in right now. Might be a better time over the next couple weeks.

With Tesla down today and missing earnings.


Look for the entire EV segment to be rough the next few weeks.
Take it, however, you want. I see $2.50 on the near Horizon.

Daniel2022AT said:

When it comes to investing, talking about the past, losses, mistakes, or where your funds came from is not particularly helpful. What is helpful is thinking about what will drive up valuations starting tomorrow onward. I think it is:
1. Saudi sales
2. Gravity hype
3. Some partnership deal
The US market is stalled. Tesla’s massive price reductions confused buyers and destroyed residual values. Hard to see $100k sedans in the US generating more than 5,000 unit sales annually. The news will be about the above 3 points. Thoughts?
What are your price targets for 2024 and 2025?

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Ok. Enterprise value vs current market cap. If the Saudis took it private tomorrow it goes to $6+.

If the Q1 report is bad then there is no bottom. If there is positive news then we live another quarter or two until a significant deal is struck with a partner mid to late year. The Saudis know this thing needs to be connected up. Aston Martin. Bugatti. Many names come to mind. Very clearly not the Chinese however.
I think $2.50 as the bottom is a pretty good number. I think Lucid has been channeling resources to building kits for the Saudis. It is still work in process inventory. If some nice sales numbers hit in Q1 the stock could jump. Just a theory.

I’m down 80% as well, and I’m continuing to average down. Below $3 is a great price to buy IMO. It’s now at 5-6 times sales. Bought today, will buy again every 3-4% drop. However I feel it is oversold and will rally again pretty soon. I saw 5 Lucids on Saturday, 3 on Sunday. As more cars are seen, more will be sold. The US market will reach 10k for Air by 2025 and Gravily launch us being sooner than we all expect. Launch date being announced in Q1 earnings. Gravity sales are not priced in IMO.

NoseyReporter said:

I added 901 more shares this morning.

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I got 330 more this AM myself...

Also, remember 60-80% trades are robotrading, whole EV sentiment has to change or reach bottom before reversal.

Hopefully peeps re-entered at the $2.50 level.
^^^*^ after brutal week ….. good start to this week.

EXOTIC2 said:

Hopefully peeps re-entered at the $2.50 level.
^^^*^ after brutal week ….. good start to this week.

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I wish it hit 2.50, had a buy order set for that price! May jump on anyway to keep averaging down regardless