Lucid has a solid catalyst in Saudi Prince Alwaleed bin Talal taking a 5% stake, and low-float names like it can rip hard when big money steps in. x.comÂ
Gabz
Stock & Crypto Trader, SuperTrend Indicator Owner
Rivian is next in line for trouble once investors stop funding its cash-burning business. Lucid's stock fell 48% to an all-time low after a report that it is considering going private or filing for Chapter 11; Lucid had not commented. x.comÂ
Lumentum is set up for a short squeeze at new all-time highs, given its small float and 16% short interest. x.comÂ
Lucid is probably headed to zero, and Uber's $300 million bet on it, a moonshot to eventually compete with Waymo and Tesla in fully autonomous driving, looks like money tossed at a failing company. Yahoo Finance reports Lucid shares plunged on reports it is weighing going private or Chapter 11. x.comÂ
SpaceX shares are being held up by market makers, not real institutional buying, setting retail up to be the last buyers. The support draws retail FOMO and short sellers whose covering adds another leg up, while pre-IPO institutions slowly sell high and insider lock-ups may unlock early. With a float of only 3-5% of market value, SpotGamma calls it one of the most gamma-sensitive markets in a decade; if call buying pauses, dealers unwind and the stock could fall as fast as it rose. x.com x.comÂ
Low-float stocks with fresh news that have not spiked yet, such as JFB, ELMT, OPTX, BLIN and QXL, are sleeper picks. x.comÂ
Lucid is easily a strong sell, even after its shares jumped 103% when the company denied bankruptcy rumors. x.comÂ
Lucid is effectively at zero and headed for bankruptcy because its Saudi backers have stopped funding it. Uber's $300M investment in Lucid is now worth zero as well. A Zerohedge headline notes Lucid says AlixPartners has not recommended bankruptcy. x.com x.comÂ
Lucid is not worth a penny, let alone $1 billion, without a clear path to profitability on limited capex. x.comÂ
Lucid is reportedly debating bankruptcy options, and a downtrending stock and product are not something to be part of. x.com x.com x.comÂ
Lucid faces bankruptcy risk because Saudi Arabia's PIF, wrecked by poor investments, will cut future funding as it did with LIV Golf. The rumor that sent shares down 45% came from a blogger, but there is zero chance the Saudis keep backing the company. The car is fine but badly overpriced for its limited abilities: a $115,000 GT is like paying double for a Toyota Camry. x.com x.com x.comÂ