LCID just went below $8

quantum

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I know some people were waiting for it to go to $5 before buying, should have just bought at $6, what is in $1? They lost the chance of a lifetime!
 

HariK

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If we hold it for 2 years we will do well even if our cost is 2x the current price I think
 

digiboxer

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I know some people were waiting for it to go to $5 before buying, should have just bought at $6, what is in $1? They lost the chance of a lifetime!
Stay tuned...not out of the woods. I decided to wait for late Feb earnings call when they announce sales backlog---if it shrank again, look out below....not predicting...just willing to leave a few bucks on the table until we know.

That said, it looks like the stock might be "consolidating"...at least meaning that the short-selling boat people have moved on for now
 

quantum

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Stay tuned...not out of the woods. I decided to wait for late Feb earnings call when they announce sales backlog---if it shrank again, look out below....not predicting...just willing to leave a few bucks on the table until we know.

That said, it looks like the stock might be "consolidating"...at least meaning that the short-selling boat people have moved on for now
Agree, but I think if the forward guidance is good, it may be a wash and no big sell off.
 

Drendino

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I had the most bizarre voicemail the other day from the guy who manages my IRA. He said that they accidentally closed out my Lucid position at 18 (with a small gain) last quarter and wanted to know if I wanted to buy it back. I have no idea how to answer that question. I liked it at 17, so you would think I would love it at 8. I haven’t called him back because I have no clue how to answer his question.
 

Shuasha

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I had the most bizarre voicemail the other day from the guy who manages my IRA. He said that they accidentally closed out my Lucid position at 18 (with a small gain) last quarter and wanted to know if I wanted to buy it back. I have no idea how to answer that question. I liked it at 17, so you would think I would love it at 8. I haven’t called him back because I have no clue how to answer his question.
If someone who manages my money "accidentally" did anything I would be looking for a new guy. He accidentally saved you money this time, but if it had gone to $32 he would have accidentally cost you a ton.
 

Drendino

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If someone who manages my money "accidentally" did anything I would be looking for a new guy. He accidentally saved you money this time, but if it had gone to $32 he would have accidentally cost you a ton.
I don’t disagree with that at all.
 

digiboxer

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I had the most bizarre voicemail the other day from the guy who manages my IRA. He said that they accidentally closed out my Lucid position at 18 (with a small gain) last quarter and wanted to know if I wanted to buy it back. I have no idea how to answer that question. I liked it at 17, so you would think I would love it at 8. I haven’t called him back because I have no clue how to answer his question.
Gotta be an omen...if it were me I'd reinvest half of the proceeds from the sale at 18
 

Electrified

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I had the most bizarre voicemail the other day from the guy who manages my IRA. He said that they accidentally closed out my Lucid position at 18 (with a small gain) last quarter and wanted to know if I wanted to buy it back. I have no idea how to answer that question. I liked it at 17, so you would think I would love it at 8. I haven’t called him back because I have no clue how to answer his question.
My first position with LCID dates to January 2022 (ugh), my second position dates to January 17, 2023 at $8.07, and at that price I went large as it comes off what I think was the bottom at $6.09.
Buy.
 

digiboxer

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If we hold it for 2 years we will do well even if our cost is 2x the current price I think
I certainly won't vouch for the sourse here, but his methodology is interesting...($9.50/shr based in 200,000 cars sold in 2030)


Also saw Morgan Stanley has $5 target....both of these assess fundamentals---at the moment it's strictly a momentum trade.

IK'm still a chicken...
 

LCIDdreams

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I certainly won't vouch for the sourse here, but his methodology is interesting...($9.50/shr based in 200,000 cars sold in 2030)


Also saw Morgan Stanley has $5 target....both of these assess fundamentals---at the moment it's strictly a momentum trade.

IK'm still a chicken...
I think Lucid has a good shot at selling 200k cars in 2030, but if they do I can’t see the average selling price being $110k which is the basis of their assumptions. They will need their smaller car (and possibly smaller crossover) and will need to sell a lot of them.
 

noobzilla

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Wow back at over $10. Of course I chickened out 3 weeks ago and sold at $6.70 to move it to another stock. That stock have gained a good amount but nowhere as good as LCID. Missed out on $28k and increasing. Thats what we call paper hands haha
 

Bunnylebowski

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So are the Saudis buying Lucid? Would this mean it then goes privately owned and LCID shareholders are paid whatever Lucid and the Saudi PIF agree upon?
 
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