 Boom What's up money geeks? Mr. V here welcome to another video. So in this one. We're gonna talk about Lucy to get some more L C I D Again, this is the stock that we've covered here on the channel I've been giving you guys step-by-step update and what's happening when to buy when to sell or the different Information that's been coming out about the stock. I've been trying to keep you guys up-to-date So today there's some information that I want you guys to know even though the stock is On the uptrend, but I just want you guys to know that it's a possibility of a letter pullback So we're gonna cover that into this video But before we get to the guys if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and a notification bell So you don't miss out on new content. So when it comes to Lucy guys I don't need to sell this company to you again Like I said in the past video if you haven't already understood the business model and why I like Lucid Again, it's not a Tesla killer. They've never sold himself as a Tesla killer They are just selling himself as a premium EV company. So Tesla would be like your Toyota and then Lucid would be your Lexus. So that's pretty much what it is And in go check out the company I'm not gonna go into the details as to what the company is doing because I've said that here on the channel Repeatedly so today again, if we can take a look at it There's the stock here. It's just been moving to like this upside and enjoying this wonderful movement You can see here The police here opened up today at about 20 Kilograms somewhere around 28 and it squeezed all the way to Ohio of 3468 almost about $35 and remember I told you guys in the last video I said this thing was gonna go see somewhere around 33, but it blew past 33 my bad You know, I predicted 33, but it was sitting at 34 as I'm changed right now Which for high which I don't think that's the end of it But again, if you are a long-term investor in Lucid, you don't have to do anything in my personal opinion You just sit back and relax and let this thing do what it's supposed to do If you are looking to get in I'd say don't let formal get you because now you're gonna look so hey Can I jump in right now? Do not do that wait for pullbacks guys because after every run like this is gonna be a pullback again Like I said in the last video Lucid is shipping out their vehicle As a matter of fact today are Most of their the vehicle most of their customers are gonna start receiving their vehicles and they're gonna drive it and Test it. They're gonna be like guinea pigs because the company did the test now These guys are gonna do their own tests again as the customers You know or as the users of the vehicles Which is definitely gonna bring up some issues that they didn't find and then they'll have to work and fix those so Just wait patiently if you're not in the stock because you're gonna be thinking all I am missing out Don't let formal get you if you want to invest in this company a long term if you're trading you're fine But if I'm gonna invest long-term wait for a pullback before that would happen Then the other thing I wanted to bring up to you guys As far as Lucid is the fact that today is actually the redemption date of their stock Public warrants, so they have extended these warrants. I think twice now but today is data is supposed to actually Redeem those warrants if they wanted to and the issue with redeeming warrants is that these warrants are actually But indeed are said to be redeemed at a specific price I don't know what that price is, but that's how it works The warrants actually scheduled to be redeemed at a specific price For somebody that bought the warrants the disadvantage of that is if this company went if this company went to zero Let's say they went bankrupt if you own the warrants you end up with nothing your investment turns into zero So that's that's a possibility, but they take that chance But if the company do does great and then you want to redeem your warrants you redeem them It doesn't matter what the stock price is at that particular time. You will redeem them at a specific price So it could be let's say right now. This thing is trading at $33 and your redemption It could be somewhere around 15 bucks a share and that means you are coming in pretty good So that's the advantage the disadvantage is if you hold the warrants Anything happen to the company it can easily go to zero. So just something I want to let you guys know and Usually when there is warrants redemption what happens is the price of the stock usually pulls back But today a thing lucid is benefiting from the fact that they are Shipping out these vehicles. It's excitement customers are happy people are excited And so these news about the warrants redemption is just getting overshadowed by this The delivery of their cars, which I think is a brilliant move. So keep an eye on it Let's see what happens because if anything If people then notice that the the redemption of the warrants are starting to take place You might see a little sell-off, but just keep an eye on it again for long-term investors You got nothing to worry about hang on to your shares and just watch this thing grow in the future again My plan here is five ten years down the road is I'm not just thinking a year or two now I'm thinking five ten years because if you look at Tesla what Tesla is today This is exactly how Tesla started And again, they had to prove themselves lucid comes in with the advantage of that people that worked at Tesla Part of lucid and so they understood the struggles that Tesla went through so at least I'm assuming That they're smart enough to not make the same mistakes. So that is my my thought here So I wanted to give you guys this quick update again. You can see lucid is really Still squeezing up to the upside the momentum hasn't stopped you can see here each time it makes a run It pull backs a little bit squeeze up This one got up to right here 34 pull back down to 32 and then squeeze back up to 34 68 So each time there's been a run. It's kind of like you know squeeze back up So I don't know where this is gonna end We might break 35 today by the end of the day that's a possibility But I'm not even panicking because again, like I said, this is not something that I am Looking to sell. I'm holding this one a long term So if you are somebody that was swinging it just looking to make some profit And then you can come up with your plan to start taking some of that profit Otherwise, just let it ride baby. Let it ride gives me the long term This thing is yeah, it's gonna pay off in my personal opinion. So that's where I wanted to let you guys know Again, just some some quick things here. They plan on doing about 520 Lucid air deliveries just year, which is quite a bit and so that would be great for customers and then Again when people start looking at it Driving it and you know talking about your 520 miles, you know, official EPA mileage This is gonna drive the price of the stock again. That's just my personal prediction here But I could be biased because I love the company. I'm gonna invest it in this and I hold a massive position So that could be just me Being biased here, but do your research do some some research and make sure that you understand Lucy Not just jump in there because we're saying it I know some of you guys that have been posting or even in the discord server saying like hey, this is awesome It's great. But you have to have a plan because when you invest you can think are you investing long term? Are you investing short term like swing trade or are you trading so long-term investors? You got nothing to worry about swing traders. You need to start looking at. Hey Where do I take profit to I take 50% here and let the rest, right? Or should I take out my initial investment and just let the profit go So those are some of the decisions that you have to make But again, it's up to you to make that decision if you're new here guys We took about hard to earn money had a safe out to invest and build wealth So that's something that interests you go ahead and hit that subscribe button any notification bell So you don't miss out on your content also guys if you're looking to get started with investing Webo has their promotion where if you sign up and deposit five dollars you get free crypto as my fight You get five dollars worth of shipper and then you get some free Stocks, I don't know from somewhere from like three dollars all the way to fifteen hundred dollars So I put the links in the description below and as always guys, do your due diligence. Don't be a green savage. Stay motivated