Lucid Motors πŸ”ŒπŸš— (LCID) - Share chat

The EV market is madness, I’ve tried to get early in Ggpi / polestar, not as enthusiastic as I am for LCID but I may take a leaf out of your book and make some cash before the merger!

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I am still holding at $18.88 and up 194% at the moment, these are long long hold for me, just hope they don’t implode. :rofl:

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I bought in around $35 then again when it dipped to $17. Currently averaged around $21-23 with 149% gained. It’s completely dominating my portfolio :joy:

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https://www.bloomberg.com/news/articles/2021-11-15/lucid-on-track-for-2022-production-target-as-reservations-grow

Well just for the giggles I’ve chucked a grand on them today so let’s see what happens next.

I’m getting some good vibes from this Co and REALLY like their cars so I’m hoping good things will happen.

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A grand for giggles :joy: I’ve got some cracking jokes if you want to meet up for a giggle or two :eyes:

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No giggle is worth a grand.

Ever.

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Any idea why the big drop? Today?

https://www.ft.com/content/a981aec7-852f-42f0-a33c-076b15bfca4c

Rivian and Tesla dropped fairly hard today too so this can only explain so much.

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Reason why lucid has taken a nose dive is because the SEC are investigating CCIV merger (although apparently this happens to a lot of EV start ups), and also Lucid announced that they are raising funds through an β€˜notes offering’ so there’s a lot of fear of future dilution so a lot of people are selling off. Nothing has changed in the product or fundamentals but a lot of fear is bringing the price down. A lot of YouTube videos explain this if you check out LCID on it.

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Lock up for LCID in coming to an end on January 19th. The lock up represents 73% of the shares are available to sell and many of these investors have been holding for a long time and could look to take some profit.

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I’ve been looking for another buying opportunity.

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Sorry I’m still quite new to this :hugs: what do you mean?

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No no, It’s a good opportunity to explain something.

When a company goes public it’s fairly common for existing shareholders to have a lock up, this is a date that before which they’re not allowed to sell any shares. It is a bit like a promise to the market and investment banks that buy shares (before us retail get a chance) β€œdon’t worry we’re not just going to dump all of our stock on day 1”.

On January 19th people who have been holding for years have the opportunity to take some cash out of an investment that will have grown massively (5000% - 10,000%). If too many people are selling and not buying the price will drop.

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Aye- this happened with DarkTrace recently and I’ve been stung massively.

I’ve got some wonga in Lucid but as the share price will almost certainly drop, I might just cut my losses already and bail on them. It’s not a silly amount of cash but who can say - thats what this game is all about…

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Tempted to sell mine and then rebuy when it dips but knowing my luck it won’t then dip! :rofl:

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please where did you find this information? can you kindly share?

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I can’t remember where I found it first but it’s all listed in the S1 document all the way down on page 159.

If you can skim over the Reddit nonsense then this has everything in a semi digestible format.

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Thank you @NeilB you are a diamond!

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