I bought in at 17 but I told myself I would buy more until merger is official. Bloody hell I am really testing myself. So tempted to get in now but I’m trying to have SOME self control…
Hey guys,
With CCIV currently at 52.94, do you guys think that it will drop if no news this week OR even after merger is announced as I understand some SPACS tend to do this.
I originally bought in at 22 and I told myself at that moment that I won’t buy more until the official announcement (as its still not 100%).
I’m stuck as I don’t want to pay a ridiculous amount once they announce.
What do you think?
If you bought at 22, you must now have more than doubled that. you have the option of selling some to get your original investment back and leaving the rest to do whatever it does.
This is not advice, just an option to make it feel risk free. I’m not doing that, I’m going to hold onto mine.
1 Like
I’ve been in since jan 11th(av- 14.70). Been in a few Spacs but never seen an increase like this before DA.Hopefully will be announced Mon and can relax.Tempted to sell half if(sorry.When!) it reaches 60 again and let the rest ride!
Well I don’t want to sell at all, I want to buy more, but I’m expecting the stock to increase more then eventually (maybe) drop back to 40 ish… then I’ll buy more.
1 Like
I bought a couple of hundred pounds when the share was around £10, and set a triggered sell for almost half of the shares when it reached £20. Then did another at £40 selling half again.
So now I have a quarter of my original shares, but have cashed out more than 200%, and with the remaining shares worth more than the original investment.
I’m new with SPACS so not sure this is the best strategy, but it’s one I’m currently using with all of them.
3 Likes
There’s a new bloomberg article out saying the deal could be announced as early as Tuesday, though it is still not guaranteed at all. Personally I don’t think we’ll see $50 prices anymore come Monday.
3 Likes
Yeah I’ve seen the article and eventually the price will explode due to hype but surely it’ll have to correct at some point. I love Lucid and I feel very bullish but I just can’t justify it staying above $50 in the short term.
But don’t listen to me, I’m new to this and very stupid.
It’s still a fraction of Tesla in terms of market cap. Personally I think it has a long way further to run.
So as you probably know Bloomberg have written that they may announce the the merger tomorrow (tuesday) if this doesn’t happen tomorrow I’m expecting a huge sell off as many people are just init to make a quick £ and are impatient. What do you guys think is going to happen in the short term? Should you buy now at $60 or wait for a dip?(that may never happen)…
Depends what your goal is.
If you believe in the company and think it’ll fly up to above $100, $60 is cheap. If you think its a regular EV hype pump which will fluctuate wildly, it might not be.
If it is announced tomorrow, you’ll see it fly up but plenty of profit taking too, could be a volatile few weeks before it settles to find true value whatever that is.
I’m taking about half out if it hits 80/90 and letting the rest ride for a couple of years. I don’t think its the new tesla but if it carves out a space in EV it will be nice to be in early.
Set some limit sells as it moves quickly. Up $10 in pre-market!
2 Likes
The thing is I believe in the company long term but I have a limited amount of cash right now so I want to buy more for the cheapest price haha, I’m stuck!
1 Like
HERE IS IS GUYS WE DID IT. Lucid Motors to Go Public in Merger with Churchill Capital Corp IV, Bolstering Lucid's Vision to Redefine Luxury, Performance and Efficiency in the Sustainable Electric Vehicle Market
Also confirmed on Bloomburg.
Also this answered my question as price is now $43.
BUY THAT DIP (not advice)
Hell of a dip…
It’s only gunna get dipper!
Reading the thread on the SPAC subreddit is brutal
2 Likes
I just wish I had some spare cash to buy more in the morning.
Last time i follow the hype train. Should have cashed out the last big jump.
This guy explains what happened quiet well Lucid & CCIV....... How the Suits Screwed us Again. - YouTube
1 Like
The retail investors got screwed by the SPAC? I’m shocked… shocked I tell you!