If you followed my previous CCIV post, I have bought the previous 23 dollar dip and sold at 30.
The chance is back again for another buy, this time at 22.60 as of premarket today.
A double bottom at the 22 dollar support is likely Sentiment is very bearish - good contra indicator looking for another 30 dollar 1st target if this reversal
the big problem is that CCIV is terribly over valued. The merger hasn't officially happened yet and the additional PIPE funding ( massive dilution, millions of shares sold at $15 for ONLY institutional investors ) hasn't happened yet. Once that happens, the market cap shoots to somewhere around 30 billion.
The market is shifting to value investing. CCIV is not a good value currently. in fact, its extremely over valued.
That said, I think this company could be worth something once we start to see first gen deliveries and quality of the good remains high. Remember, they chose to launch their highest end first. 150k better knock the socks off of a 100k tesla for them to be worth anything.
Lucid's technology is only words words right now. They have not delivered anything yet. There is simply no consumer data yet to justify the post merger market cap
the big problem is that CCIV is terribly over valued. The merger hasn't officially happened yet and the additional PIPE funding ( massive dilution, millions of shares sold at $15 for ONLY institutional investors ) hasn't happened yet. Once that happens, the market cap shoots to somewhere around 30 billion.
The market is shifting to value investing. CCIV is not a good value currently. in fact, its extremely over valued.
That said, I think this company could be worth something once we start to see first gen deliveries and quality of the good remains high. Remember, they chose to launch their highest end first. 150k better knock the socks off of a 100k tesla for them to be worth anything.
Lucid's technology is only words words right now. They have not delivered anything yet. There is simply no consumer data yet to justify the post merger market cap
Lucid is a low floor high ceiling play IMO.