Lucid Motors - LCID - Share Chat

Stock Discussions
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@Alex_B @Rajan07

LCID app link missing

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Thanks for spotting @NeilB! There should now be a community link in-app :slight_smile:

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ddd
ddd1174Ɨ869 58 KB

Hi, iā€™m still new to FT.

I bought Lucid @ $45 a share and itā€™s up today with close to 9%, any advice on when i should pull out and take profits? Do you think itā€™ll rise much more?

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Look into it more it is a new company hopefully with a bright future Iā€™ve decided to keep it long term but no one can seee the future! Been in the green and red with this one!

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Iā€™ve had this since the SPAC merger with CCIV.

Iā€™ve decided to just keep it and forget about it. maybe it will be worth loads more in a few years. maybe not

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Thanks for your response. :smiley:

Any advice on where to find the most up to date news regarding SPAC mergers & IPOs? (and the stock market in general?)

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So who cut there shares in this ready for the lockup expiry tomorrow.
What are people expecting for the drop with over a billion shares about to join the float.
Could easily fall 25% tomorrow.

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No. Iā€™m holding long term.

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All trading so far has been with around 27% of the float available. When the lock up expires the float with quadruple which could magnify the current momentum or lead to over an over supply and drive prices down.

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Thatā€™s good to know. However, this was always going to be a long term hold for me. I have 16 full shares and while not expecting a Tesla-esq return am still confident it will make for decent 5 year investment.

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Iā€™m less bullish and can see some of these neo-manufacturers merge with legacy car companies becoming luxury brands within a bigger family.

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Let me understand, so after the lockup wouldnā€™t it be good to top up during this sale instead of holding? Iā€™m not having a lot of shares, but after at least +115% Iā€™ve seen, Iā€™m tempted to buy more.

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Hi @missofcheese

Firstly nobody really know if / what effect the end of the lock up will mean. There are a lot of holder who have been into Lucid before it was called Lucid, sitting on paper profits of many many times their investment. They could be happy to stay out they could look to sell a little or cash in and sell a lot.

If there is a drop and you like Lucid for the long term, 5 years +, then you could see this as simply over supply bringing the price down. You get to nab some while theyā€™re on sale if so.

Remember - Past returns are not indicative of future performance.

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Thatā€™s where I am on this one.

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Am hoping for a big dip I have held this before and sold out for some profit. I missed buying in the $17 when it dropped after the last lockup expiry. I may set a low limit buy and see if it hits over the next few days.

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Iā€™m in this position now, thatā€™s why my loud thinking :wink: Iā€™ve also had this since the SPAC merger with CCIV, but didnā€™t top up sinceā€¦ and missed the sale a couple of days ago. Not very experienced, but Iā€™m taking @NeilB thoughts into account. Much appreciated!

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What ever you decided @missofcheese write down your reasoning. Then if you ever waiver you can re read it, if you still believe what you wrote then donā€™t do anything.

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Was the lock up ending definitely today? Lucid are up around 4%.

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Would see how the rest of the week goes