Strong performance after earnings

blueice89

Lucidnaire
Joined
Dec 21, 2021
Messages
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Location
Gilbert AZ
Cars
Lucid 22”AGT quantum
Referral Code
7MET7857
After like 6 blown earnings calls Lucid finally impressed the street with its plan and results. Maybe a relief rally of 12%. let’s go Lucid!!
Will be great to see a green mark on this historical chart.
Hope this is the start of a new rally up !! Lot of catalysts coming :
sapphire orders, new air pure delivery, Saudi plant delivery, and Gravity. And the not so talked about Lucid customer referral program !!
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I wouldn't quite call it a relief rally because it broke $7. Break $8 and move up daily from there to $10+ would be a sign of a real rally and momentum shift. It's happening to Rivian and Nio now, and Lucid is still lagging behind on a potential rally and street acceptance. I think 4th Qtr is where we may see this... well, that's what I've put my money on.
 
……… ouch
 

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The good new stock seems to be back on uptick over past few weeks
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I'm guessing LCID will be mostly flat to slightly lower going forward, reversing a little after Q3 results indicate decent levels of Pure and Touring deliveries, as well as a little new revenue from sales in the EU and Saudi Arabia.
 
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