$Lucid Group (LCID.US)$ I think Lucid has gone up by a lot, ...
$Lucid Group(LCID.US$ I think Lucid has gone up by a lot, so today might be dropping back and many will be selling it to reap profits, not just the shortists, even those holding long term know that it’s better to sell at this high price and wait for dip. Moreover there’s no positive news for LCID for the time being, meaning there is not much money coming into this stock until it pulls back to an attractive range once again. So no one to fight against the shortists aggressive approach this time.
My hunch is that they will want to pull it down as much as they can this time round, becos they too know the potential of LCID and buying it at a damn ridiculous price will benefit them as well in another month or so. it will likely fall back to below $45 over the next couple of days. Today somewhere $45-50, then continue tomo. i wouldn’t be surprised if it extends to Fri before seeing a rebounce. It might even touch below $40 slightly.
Since end of Oct, we have seen it rose from $23 till today’s $58 because of several reasons. Its delivery and report closely today, the hype of $Rivian Automotive(RIVN.US$ pulling it along as well and money flooding in from $Tesla(TSLA.US$ sales. Now that we have nothing else to look forward to temporarily, it will hover up and down in the range after completing the pull back, probably btw 5-8% daily. That would be the best time to start buying again.
i had already rid of my trading shares last night albeit at a lower price cos didn’t expect to see it go up to $58+. Haha. Lucky I have my fixed shares in there still. Anyway as long as I get to buy back my trading shares lower than what I’d sold, no real loss. at least I’ve still reaped a decent amount of profit.
Anyway those hoping to get in on this, wait for it to pull back completely, maybe some time late during tomo trading. Buy some of it first, then the balance on Friday. Human are always impatient, we will always have FOMO if we sit and wait till Friday, scared that it stops falling and starts to rise again. Yet buying all tomo may not allow you to buy at the best price. So like I always recommended, buy in batches but I seriously think there’s no need to start buying tonight.
Once again I want to reiterate that I might be wrong, this is always purely my analysis on the situation even though I have been quite accurate as you can see from my previous posts. So please don’t take my words for it, read it, digest it and make your own analysis of it. we do not need to concur. Alright, let’s all make the most money out of this great stock!!!! Good luck!
My hunch is that they will want to pull it down as much as they can this time round, becos they too know the potential of LCID and buying it at a damn ridiculous price will benefit them as well in another month or so. it will likely fall back to below $45 over the next couple of days. Today somewhere $45-50, then continue tomo. i wouldn’t be surprised if it extends to Fri before seeing a rebounce. It might even touch below $40 slightly.
Since end of Oct, we have seen it rose from $23 till today’s $58 because of several reasons. Its delivery and report closely today, the hype of $Rivian Automotive(RIVN.US$ pulling it along as well and money flooding in from $Tesla(TSLA.US$ sales. Now that we have nothing else to look forward to temporarily, it will hover up and down in the range after completing the pull back, probably btw 5-8% daily. That would be the best time to start buying again.
i had already rid of my trading shares last night albeit at a lower price cos didn’t expect to see it go up to $58+. Haha. Lucky I have my fixed shares in there still. Anyway as long as I get to buy back my trading shares lower than what I’d sold, no real loss. at least I’ve still reaped a decent amount of profit.
Anyway those hoping to get in on this, wait for it to pull back completely, maybe some time late during tomo trading. Buy some of it first, then the balance on Friday. Human are always impatient, we will always have FOMO if we sit and wait till Friday, scared that it stops falling and starts to rise again. Yet buying all tomo may not allow you to buy at the best price. So like I always recommended, buy in batches but I seriously think there’s no need to start buying tonight.
Once again I want to reiterate that I might be wrong, this is always purely my analysis on the situation even though I have been quite accurate as you can see from my previous posts. So please don’t take my words for it, read it, digest it and make your own analysis of it. we do not need to concur. Alright, let’s all make the most money out of this great stock!!!! Good luck!
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Gop M : Agree with your point. Expect a pull back today and tomorrow.
Btyt1989 : Should still peak today and tmr before dipping on Friday before market closes. Too much hype to actually dip today. Lucid came out on CNBC saying they are going Into China market in the next 2-3 years with a factory There.
无名n_n : i think today will be up still. friday might be dropping.
they planned to expand their factory in US, and built new factory in China & Middle East Country.
Alot of good news.
JW Novice : My point of view, the news are not really the huge factor of up down anymore. It’s more like ppl feel it’s affordable and hope that it’s a next Tesla. Market sentiment is the affecting factor. It all depends when the hype feeling ends.
DeviltonOP Btyt1989: Possible but it has been rallying quite a bit for the whole week and yest was an exponential increase. The rest of the news are factored in together with the report, so even with announcing a factory in China will not likely cause further surge. 1st half hour the price will still go up a bit but after that, I think it will start its downtrend momentum. Let’s see how things will go.
lucky star-hold DeviltonOP: will wait n add more on pull back. great company.
DeviltonOP lucky star-hold: Yup! Hoping to increase my fixed holding with the next dip since earn quite a bit from this last surge.
Pochong 无名n_n: Of course a lot of good news. This is Lucid Motors and Peter Rawlinson, not some Tesla or Musk. This is a professional EV company.