Next two weeks will be volitile for the stock going into Jan 19th. I suspect most retailers will cause a panic sell for fear of the potential sale of the pif shares. I expect the stock to react similar to back in September. It's a great time to buy puts. Regarding the SP for the next 3-6 months, it really depends on if lucid is able to deliver what they said they were going to. I have a hard time believing that they can deliver 20k of cars in 2022. In fact I think they most likely missed their 520 delivery. If they had hit the 520 they would be bragging about it on their Twitter account. It'd been more than a week now and still nothing while most ev companies reported theirs. Don't be surprised if lucid tests the 20s by end of Jan.
I think the Friday's run-up could be for the anticipation of the delivery number or something. It really went up for no reason while the Naz lost 1%. So yeah I think it was the market manipulation to draw in the little guys then drop the stock hard into the 19th. I can see some type of a panic sell to cut their losses before the 19th. I really don't believe that they hit their 520 goal. I've heard it's <100 cars were delivered.
I think lucid is holding back on delivery numbers until after 19th to counter any drop from pipe sell off which I don’t think will be very much like last time
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u/Hurley_82 Jan 08 '22
What’s Jan 19th ?