What to Expect From Lucid THIS WEEK │ Key Level to Watch it HOLD ⚠️ PIF Voted for the Reverse
Overall SentimentBearishStrength: 55%
Overall Thesis
With PIF having voted for the reverse split and short interest near all-time highs at 33%, the speaker expects more pain this week with Lucid consolidating lower unless management surprises with a major announcement.
Narratives
LCIDLucid Motors
BearishThe speaker previews the final week before the reverse split goes live. The 8K confirms PIF voted for the split (2.4B votes for vs 35M against)—meaning retail had no chance of blocking it. Short interest at 33.17% of float (416M shares) is near all-time highs and expected to hit a new record on Monday. The LA wave technicals point to ~$1.80 range, and the speaker lowers his buy target to the $16 post-split equivalent. He sees no credible catalyst this week.
Key Arguments
- PIF voted for reverse split overwhelmingly (2.4B vs 35M against)—retail votes were irrelevant
- Short interest at 33.17% near all-time high of 33.5%; expected to hit new record Monday
- LA wave technicals pointing to ~$1.80 range (pre-split); consolidation to continue
- No specific Lucid catalyst visible for the week; macro data (Nvidia earnings, GDP, PCE) could help
- Speaker lowered personal buy target to ~$16 post-split equivalent
- Investment fund speculation (Gulf Investment Fund) called out as inconsistent with their investment history
Predictions (1)
BearTarget: $180
hitDetails
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