Nice Move!

[Buffalo Bob]

Following a few pretty decent up days for LCID, it's nice to see about a 16% move up this morning, with about 30 million shares trading in the first half hour.

 

[DeaneG]

I'm wondering what's going on. Did the shorts leave? A big investor seeing a bottom?

 

[SaratogaLefty]

Must be a short squeeze!! But something else good could be on the horizon!

 

[DeaneG]

I see that RIVN has been behaving similarly over the last few days. Maybe it's not specifically a Lucid thing?

 

[Buffalo Bob]

I'm wondering what's going on. Did the shorts leave? A big investor seeing a bottom?

There is a lot of good news within LCID lately, as well as signs that talk of the 'demise' of EV sales was overblown. Some good press coverage by Peter, as well. The stock price can run fast, given that LCID has a lot of naked short positions, and it's fairly easy to set off a scramble to cover them.

 

[Lucken]

I’m stunned by the upward movement of the stock in the last few days. Today it’s been on afterburners! Great to see!

 

[xponents]

Okay, so I think I did a good move buying 1k at 3!

Is it possible that LCID just hit its "escape trajectory?"

 

[Buffalo Bob]

I'm a long-term LCID holder, but I like to hold a number of shares to trade when these short-sellers panic. Next, watch for a flurry of negative articles by the oddball 'news' services that support their interests.

 

[Shuasha]

My June 2025 $3.50 Call options are looking really good right now.

 

[Chizle]

It's not a squeeze... yet. Shorts are adding to their positions today.

 

[SaratogaLefty]

It's not a squeeze... yet. Shorts are adding to their positions today.

Well that could be real good news!! If the stock keeps running the shorts will have to cover and then we are off!!

 

[Chizle]

Well that could be real good news!! If the stock keeps running the shorts will have to cover and then we are off!!

Yep.

 

[borski]

we need to get $LCID on /r/wallstreetbets lol

 

[Buffalo Bob]

we need to get $LCID on /r/wallstreetbets lol

Too bad that Lucid is not like GameStop, where the number of shares sold short was greater than the number of shares in existence!

 

[Domo35]

we need to get $LCID on /r/wallstreetbets lol

https://www.reddit.com/r/wallstreetbets/s/zkIxedpOCP

 

[xponents]

https://www.reddit.com/r/wallstreetbets/s/zkIxedpOCP

I have no idea whether to be scared or to celebrate...

 

[NoseyReporter]

Insanely strong move today. Broke through a lot of the moving averages. Bottom is in fellas. Hope you loaded the boat when people were fearful.

Now lets see the PR machine do its job, and trickle out a bunch of great PR over the next few months.

 

[scal_air]

I did but kicking myself for not buying more in the high 2s… Would buy more again if there is another jump!

 

[borski]

Too bad that Lucid is not like GameStop, where the number of shares sold short was greater than the number of shares in existence!

not with that attitude

 

[Buffalo Bob]

not with that attitude

Sorry, but I don't understand your comment. Isn't that why GameStop ran up so high? As I understood it, shorts with 'naked' positions were trying to cover, but there were no shares to buy.