What is Happening w Lucid ⚠️ Jim Cramer BEARISH on Lucid

Summary

In this video, the host discusses the stock performance of Lucid Motors, noting a 4.62% drop amid market volatility. With no direct news from Lucid, the decline is attributed to broader market concerns and anticipation of NVIDIA's earnings. The video also covers Lucid's recent volatility, influenced by Jim Cramer's sell recommendation and an unusual transaction spike. The host speculates on market reactions post-earnings and highlights significant support and resistance levels for Lucid's stock, suggesting potential buying opportunities near support levels. Additionally, the video touches on the potential of options trading amidst Lucid's volatility and ends with a viewer engagement prompt.

Takeaways

• 📉 Lucid Motors stock is experiencing a significant drop, with a 4.62% decrease and a volatile trading day.
• 🔍 The drop is not due to company-specific news but rather broader market concerns and anticipation of NVIDIA's earnings report.
• 🚀 Lucid's trading volume is high, with 31.2 million shares traded, indicating active market interest.
• 📈 There were some buy transactions happening at the bid and ask prices, suggesting some investors see value despite the drop.
• 🏦 The video discusses the concept of 'dark pool' trading, which is often associated with short selling.
• 📢 Jim Cramer's recommendation to sell Lucid stock has influenced some investors, despite the 'inverse Cramer' strategy.
• 🛡️ A unique, high-priced Lucid vehicle modification involving armor and security features has been mentioned, indicating a niche market interest.
• 🌐 There's mention of retrofitted vehicles for traffic police in Saudi Arabia, suggesting international market expansion.
• 📊 Short sellers are returning shares, which could signal a potential market correction or a temporary overreaction to negative sentiment.
• 📈 The speaker anticipates increased volatility due to upcoming economic reports like GDP and PCE, which could impact Lucid's stock price.

Q & A

What is the current market situation for Lucid according to the script?

Lucid is experiencing a volatile day with a 4.62% drop, trading between a low of $383 and a high of $406.

What is the volume of shares being traded for Lucid as mentioned in the script?

31.2 million shares of Lucid are being traded.

What upcoming event is expected to cause further volatility in the market according to the script?

NVIDIA's earnings report, which is expected in about 2 hours from the time of the script, is anticipated to cause significant volatility.

What is the significance of the dark pool transactions mentioned in the script?

The dark pool transactions, which show as 'ask' and indicate buys, are considered significant as they often link to shorting activities.

Why did Jim Kramer recommend selling Lucid as per the script?

Jim Kramer recommended selling Lucid, which influenced some investors to sell, although some people do the inverse of his recommendations.

What unusual modification to a Lucid vehicle was discussed in the script?

The script mentions a modification where a Lucid Sapphire vehicle was armored and equipped with pepper spray and electric shock door handles.

What is the price point for the armored and modified Lucid Sapphire mentioned in the script?

The price point for the armored and modified Lucid Sapphire is $475,000.

What does the script suggest about the current sentiment of short sellers regarding Lucid?

Short sellers are returning shares, which might signal that the current selloff is unjustified.

What economic data releases are expected to impact the market as per the script?

The script mentions that GDP data is coming out tomorrow and PCE data on Friday, which are expected to cause further market volatility.

What are the current technical indicators suggesting for Lucid's stock price according to the script?

The technical indicators are suggesting more lows are coming, with selling pressure and potential retracement if the broader market experiences more negativity.

What advice does the script give to potential Lucid investors considering the current market conditions?

The script advises potential investors to consider buying at lower support levels and to take advantage of options trading due to the high volatility.