Silly folks... One good rally day doesn't make the stock. We need to see a trend before calling it a win 
Lucid (LCID) removed from the Nasdaq 100 stock index
- Thread starter Tim-in-CA
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DBV
Active Member
Completely agree with you. Whole market is up big time this week. Who knows, by Jan could tank again. I still see lot of not so go signs in this economy. Most recent is that small business are really having problems and going out of business, companies cutting and pulling back, etc.Silly folks... One good rally day doesn't make the stock. We need to see a trend before calling it a win
Hope it keeps going up, but every time the Dow hits around this mark it goes down again. Needs to get past this. I am not a short seller and so only care about market going up long term.
Arun Padala
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This is a bummer for LCID …
Lucid (LCID) is getting booted from the Nasdaq 100 stock index
EV maker Lucid (LCID) is set to lose its spot in the Nasdaq 100 index at the end of the...electrek.co
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I am a retired Senior Managing Director of a major hedge fund.
The stock market is a total crap shoot with the tools most people bring to the game . . . and sometimes even for those with the best tools in the business.
Just sayin'.
The stock market is a total crap shoot with the tools most people bring to the game . . . and sometimes even for those with the best tools in the business.
Just sayin'.
xponents
Active Member
Completely agree. And that happens to be the same job I'm aiming for!
Besides, the rise of Robinhood bought many amateurs following "get rich quick" tiktok guides to investing, so I'm not shocked.
And is up again today.
No one can predict what can happen, if anyone can, including Wall Street, they would all be billionaires....Lucid may keep on going or may correct....who knows.....but one thing is for sure " I'm NEVER selling until 2037 "......
Yep, being kicked out of NASDAQ 100 or being included in it is a nothing burger.....I don't base my investments on that. Bought more Enphase stock which got kicked out as well.
Of course shorts getting desperate, their customary hit article on Lucid by Investorplace, a place where amateurs get paid per view! Imagine basing your investment thesis on articles posted on motley fool or investorplace. These authors look like they just graduated high school.
investorplace.com
It's Time to Drop Lucid Stock Like a Hot Potato
Now's not the time for investors to get cute regarding LCID stock. There are other better EV names to consider in this current market.
investorplace.com
How much lower can this go?
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Lucid, Polestar, and Rivan stock trajectories over the last two years all look very similar:
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I've lost a lot of money over the years asking myself the same question! I agree with @DeaneG, its hard to break out of a sector that is getting pummeled. When that shifts, I'm sure Lucid will ride it up along with the rest.
Low enough for all of us to buy more more more more!
xponents
Active Member
Its up today, sadly for me
(and no, im not shorting it, just wanted to buy some more at the previously low price)
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I've been speculating recently on this forum that Lucid has received a guarantee from the Saudi PIF for continued funding. In my view, the four-fold expansion of manufacturing capacity in Case Grande and Rawlinson's recent stepping out of the closet to declare publicly that Lucid is going to compete directly with Tesla Models 3 and Y could only be explained in light of such a guarantee.
The Saudis have a goal to be making 500,000 EVs a year by 2030. This would not be possible unless the engineering and design efforts were already well along . . . and this is where Lucid comes into view with the Saudi decision in 2018 to get it off the ground by financing their first factory.
learningenglish.voanews.com
The Saudis have a goal to be making 500,000 EVs a year by 2030. This would not be possible unless the engineering and design efforts were already well along . . . and this is where Lucid comes into view with the Saudi decision in 2018 to get it off the ground by financing their first factory.
Saudi Arabia Aims to Develop EV Industry
The Public Investment Fund (PIF), Saudi Arabia's $700 billion sovereign wealth fund, has a goal to produce 500,000 EVs yearly by 2030, up from a target of 150,000 in 2026.
learningenglish.voanews.com
Yep, and couple that with this deal and the pieces are falling into place.I've been speculating recently on this forum that Lucid has received a guarantee from the Saudi PIF for continued funding. In my view, the four-fold expansion of manufacturing capacity in Case Grande and Rawlinson's recent stepping out of the closet to declare publicly that Lucid is going to compete directly with Tesla Models 3 and Y could only be explained in light of such a guarantee.
The Saudis have a goal to be making 500,000 EVs a year by 2030. This would not be possible unless the engineering and design efforts were already well along . . . and this is where Lucid comes into view with the Saudi decision in 2018 to get it off the ground by financing their first factory.
Saudi Arabia Aims to Develop EV Industry
The Public Investment Fund (PIF), Saudi Arabia's $700 billion sovereign wealth fund, has a goal to produce 500,000 EVs yearly by 2030, up from a target of 150,000 in 2026.
Ma’aden subsidiary to supply high-quality aluminum panels to PIF-backed Lucid Motors
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I was thinking exactly the same thing. I think there may have been some recent reassurance that the Saudis are onboard for the long run.I've been speculating recently on this forum that Lucid has received a guarantee from the Saudi PIF for continued funding. In my view, the four-fold expansion of manufacturing capacity in Case Grande and Rawlinson's recent stepping out of the closet to declare publicly that Lucid is going to compete directly with Tesla Models 3 and Y could only be explained in light of such a guarantee.
The Saudis have a goal to be making 500,000 EVs a year by 2030. This would not be possible unless the engineering and design efforts were already well along . . . and this is where Lucid comes into view with the Saudi decision in 2018 to get it off the ground by financing their first factory.
Saudi Arabia Aims to Develop EV Industry
The Public Investment Fund (PIF), Saudi Arabia's $700 billion sovereign wealth fund, has a goal to produce 500,000 EVs yearly by 2030, up from a target of 150,000 in 2026.
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This will be an interesting long game to watch.
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