I'm going to keep this short since my time is invaluable even though I work full-time at Walmart for $15/hour (kill me).
I'm down 80% on 10 LCID shares I bought in march 2024, and was about to dump the stock when I noticed their ridiculously low market cap of 2.37 billion dollars. I may be 30 living at my dad's house, but 2.37 billion dollars ain't nothing in today's economy.
LCID is down 90% from their IPO, 99% from their all time high, yet a month ago they secured another 200 million from Uber and 500 million in share buys from Saudi interests.
The bears are betting hard on this to go bankrupt, but there's a chance they survive. And if they do, this play will print.
I'll post my position in the comments but I just got 100 more shares to lower my cost basis to 8.30/share, and four 1/15/2027 $7 call options. Basically a $1100 gamble.
I will mention that after reading community rule 9 I've decided not to note one of my reasons for investing in this stock.
O7 regards. This is not official financial advice, insider trading, or whatever i gotta say to not be sued when some future Wendys employee YOLOs their life savings on this lol