CCIV printing today. My idiotic $35c's might cash. C'mon and announce it
You have until feb 19? I mean I don’t think they would let it get this out of hand if the merger wasn’t likely to go through. It might not go all the way back to $10 though, probably something like $12-14 I’m thinking.
You have until feb 19? I mean I don’t think they would let it get this out of hand if the merger wasn’t likely to go through. It might not go all the way back to $10 though, probably something like $12-14 I’m thinking.
Yeah 2/19 35c. Was briefly ITM today, but we've hit a decent little drawback towards the end of the day
Anyone care to share a price target/exit strategy for CCIV? I bought a little bit on a whim and got lucky.
Nobody really knows man, this one is unique. Personally I will hold this past $50 and was in at $14.50. Banking on the chance it pulls a NKLA or QS, I would sell if it hit $100, otherwise I just hold long term. The problem it is will be so overvalued and I don't want to be holding when the bubble pops, but it does have the meme potential to run well past $100, disregarding market cap here. I think $100 a share would be like $150b market cap which is ridiculous.
Anyone care to share a price target/exit strategy for CCIV? I bought a little bit on a whim and got lucky.
$30/share equals a valuation at $45bn, which is already high. Lucid is a pure hype play though, so if the merger is formally announced, you're basically hoping everyone goes full TSLA and loses their minds.
I'm hoping that if we can keep this gas up we might see $40-$50 by EoM.
thanks sir I appreciate it, made like 6k on it so far, my best play so far. Not a lot but only just opened my accounts 1.5 years ago and lost quite a lot on options last year.
$30/share equals a valuation at $45bn, which is already high. Lucid is a pure hype play though, so if the merger is formally announced, you're basically hoping everyone goes full TSLA and loses their minds.
I'm hoping that if we can keep this gas up we might see $40-$50 by EoM.
It hit $35 without a confirmation. Retail doesn't really take valuation into account. It is what scares me though because you see it pass valuation of companies like GM or Ford (not sure what they are exactly) and although EV is the future, they won't be mass producing anything and don't see how they would have better profit margins than ICE car makers. The play is exactly what you say it is, that people go ****** and it runs to a ridiculous valuation. I will reconsider my plan based on price action and hype.
What are the odds the merger occurs? My guess is 50-66%. Was a little surprised to see 35, may take some off table if it shows again to lock in a free roll assuming our floor of 12-14.
Best, C
What are the odds the merger occurs? My guess is 50-66%. Was a little surprised to see 35, may take some off table if it shows again to lock in a free roll assuming our floor of 12-14.
Best, C
I’m thinking 80%, though if I didn’t think it was so likely I would of probably sold by now. I think the risk reward is still worth it at this point.
It's not the bad news people were fearing, probably just wanted to temper expectations as it was getting out of hand. I guess the tweet just means the deal is still maybe a few weeks away. Only down 3% as I type this. Was down 14% when it was halted.
Still bullish on CCIV here based on sentiment. Just wondering how long until the market decides to care that a company which hasn’t produced a car yet would be worth more than ford. Same with all the other ev cars. I guess it’s a gamble to be in any of these EV companies, feels like the bubble could pop any day though.
I am definitely holding my CCIV though its only a couple hundred shares. I am just wondering when this bubble will deflate. I don't think it happens in the short term, but I am worried about 3 or 6 months from now. Have held since $14.55 and don't really want to miss out on all the hype here.
Sold my options for a little over 3x on Friday. Don't know if I'm going to roll it over and keep riding the hype train or call it quits on CCIV. The valuation is obviously going to be crazy when/if the merger in announced but then, what EV valuation isnt'.
Selling some etfs to bump my SPACFOLIO up to 10% of my overall.
Added to my CCIV position with warrants, also added to GIK, entered THCB coms and warrants, added to DMYD.
+ a bunch of near early Near Navs (TINV, FPAC, ETAC, JOFFU, AACU, SEAH.
Got another 20k to dole out and will be looking to get in on some rumors, orders open to scoop some RTP (Hippo Ins) if it dips under 13.25. Not sure what else will get it,
I don't really watch cnbc much but did catch a segment on mad or fast money with Jim Cramer where he bashed all spacs and then briefly talked about CCIV at the end where he had a caller asking if it was going to the moon. Then they brought on Peter Rawlinson, Lucid ceo on Friday. I don't know exactly what the rules are but if this merger is not going through, it has gotten quite out of hand and a lot of retail will get crushed on it. I don't think that will happen though, still happy to hold.
Looks like Churchills other new spac CCV is already up 30% on residual hype from CCIV. It may be worth buying if lucid does go through for potential hype that may come from Klein landing another big target.
Because it's always up AH because people don't want to miss the announcement? Maybe in particular with the 3-day weekend coming up people think something could come tomorrow morning?
Posts on Yahoo conversations claim Rawlinson(sp?), Lucid CEO, has contacted Cramer with a request to come on CNBC tomorrow + other Pump posts saying tomorrow is the announcement day. Google search didn’t unearth anything
Nothing I will wager on but I’m a lot like a broken clock.
It has only really had maybe 3 after hour pumps over 10%, has been going down all week. Seems to be some type of excitement on stock twits about an updated Bloomberg terminal thing. Can’t really trust any of the bullish or bearish posts on there alot of people there like to try manipulate people for short term price movement.
