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$Lucid Group (LCID.US)$ I’m going to share my take on this n...

$Lucid Group(LCID.US)$ I’m going to share my take on this new covid variant from what I’ve gathered and analyse. Pls know that I’m not an expert, so merely sharing my view on the situation. So far omicron symptoms are very mild, like any other simple ailments and it hasn’t been found on people who are already vaccinated. I’m guessing the vaccine works effectively on it but the actual testing and diagnosis will be out in 2 weeks time.

The claim that omicron has mutated from copying aids virus is just that for now, a claim. The reason why this news was blown out of proportion is very likely due to a tactical move from the US Government to bring down oil prices by making use of this news. by associating that it with aids, which is known to break down immune system, it would undoubtedly create panic but this is not proven. moreover virus do not have awareness, they do not simply learn the most effective method. Also virus optimal objective is always to try to take over but also coexist with its host, becoming more and more lethal to kill its hosts is not an efficient way to survive for it.

So I think while stocks with direct impact like travel related ones will continue to fall in the coming weeks, the other will hover for now or even start to climb again until the result of omicron’s finding is released. i will be selling my only travel stock, AAL and holding the rest for now, especially LCID. I see almost no impact of this news on LCID, Friday dropped was simply initial shock by the news, evident by the eventual climb after that.

Lastly, anything can happen, so be vigilant and analyse on your part too and make your own decision. Neither me or anyone else will be responsible for anything at the end of the day. ok, good luck, all.
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