I’m up 110% on lucid $Lucid Group (LCID.US)$ should I sell h...
I’m up 110% on lucid $Lucid Group(LCID.US$ should I sell half my shares and go into something else? I’m concerned that the EV hype will eventually go away without me locking in any gains. $Tesla(TSLA.US$ $Rivian Automotive(RIVN.US$ $NIO Inc(NIO.US$
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Machiavellis3rdEye : When you sell for profit you never lose. I think you are on the right track. Don’t let greed or speculation get the best of you.
Devilton : Yes but not yet. wait for next surge, probably their next report.
ZayLin_5962 : The answer is yes, if you managed to find something more interesting and have potential to grow as much as 110% again… otherwise just hold it. By the way, name me if you found one?
coolnsteady Devilton: when is their next report, any idea? thanks
Devilton coolnsteady: Not sure, didn’t check but about 3 months from 15th Nov. Also in btw there may be good news too that can send the price shooting up fast, which is not unlikely for a strong growing company. There are always new progress every now and then. Just need to be sensitive to their news. But I don’t recommend selling its shares unless you are active traders becos LCID is climbing fast. I reckon it will slow down only after hitting $300 becos many retail traders will have the misconception that it it’s become expensive’. Then again LCID might split their shares to lower its price to make it attractive to retail traders. Perhaps looking at a market cap over $500mil is a more accurate gauge. That’s just my personal take on LCID.
coolnsteady : Thanks for the info. There is this free app Tipranks that indicate the high forecast of this stock is $60...so actually was thinking of selling at that price.
simplyZuan : it takes a lot of investment n perfection to go from concept to mass production
102840048 Devilton: May I ask if I buy it now (54) will it be expensive?
Pollster : The uncomplicated approach is what really works , take out your capital , even if it goes to zero , you lose nothing , if it goes back to 1000 you gain everything
Devilton coolnsteady: The app is strictly based on the current situation of the company, not taking into account of its progress in the future. So $60 is fairly accurate until the next good (or bad) news comes along and then they will reevaluate it once again, so i really don't think it justify LCID's potential. I paid US$200+ to subscribe a similar website called Zack but in the end I find it pretty useless, at least to me. End of the day, it's better to glean for info from as many areas as you can and extrapolate your own analysis.
By the next report, I also see it's worth about $60-$70 as mentioned in my posts before but LCID is growing very fast and strong with its capable CEO. Eventually it will reach $300 within 2-3 years time. That's why I see no point in selling its shares anytime before that unless you frequently sell parts of it and buy back whenever it dips like me. That requires a lot of monitoring, which if you are working a full time job, it would be very stressful in the long run.
Just hold and enjoy the ride, with the exception of market major adjustment, which I predict may happen anytime after this year end. No one knows exactly when but I wouldn't be so arrogant as to think LCID is insusceptible. So when that happens, it's still better to sell first and reposition again when the whole saga is over. I will start buying UVXY to hedge against it as we draw closer to it.
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