MarketHyenas

Churchill Capital - CCIV - LUCID Motors - The Gap is filled!

Long
NYSE:CCIV   CHURCHILL CAPITAL CORP IV
Churchill Capital - CCIV - LUCID Motors - The Gap is filled! From a technical point, price is free to go up and fill the larger gap above? We are now expecting some fundamental catalyst to spark the turnaround? What will the catalyst be? Any thoughts? We will see? Not financial advice.

Comments

If you don't believe in the $tock, don't risk it. Tesla won't be the only pure EV car maker for the future... With big Saudi money in this venture, Lucid Motors is going to happen... Brand new plant in AZ with production beginning this year... Do your DD, don't buy the hype, buy the future now... Managing your risk is perspective... Yes day traders will come and go, shorts here and there... But in the LONG once Lucid becomes a brand name on the streets and our infrastructure accommodates EV's... Lucid may very well be the next Tesla. Remember this, not all other car makers are a EV car manufacture 100%. The Future is LONG, not daily, weekly, ect... If you believe in the current future of transportation and have done your DD knowing there is risk in everything, manage your risk and hold LONG.
I have no expertise in stocks, and advise everyone to do there own research. This is not advises but merely my $0.02
+2 Reply
ViperV8eater bats11203
@bats11203, @bats11203, "Remember this, not all other car makers are a EV car manufacture 100%" .. oohh common, as you've said The future is long, that's why i see even more competition coming from VW, Toyota, Honda, BMW and etc. Lucid is in a luxury segment and won't be that massive as you might think. Never invest in Hype, when it's already over the roof.. that's for sure.
+1 Reply
For those caught at 57-60 - consider averaging down - buying more now while the price is low. I did. It's painful and risky, but it lowers your cost per stock, so you'll cross the threshold into profit sooner once it bounces back. It will bounce. This is a long bet. Stocks are marathons, not sprints. Not advice, just an example of how to address a falling stock that has a solid fundamental base.
+1 Reply
I am expecting $17-$18 before support with this ongoing (down) momentum
+1 Reply
Hope you’re right. I was caught bag holding at $60 :(
+1 Reply
Otap7 niceMeerkat24337
@niceMeerkat24337, No worries, it will go back up, patience
+2 Reply
wwwVipNumbers_io niceMeerkat24337
@niceMeerkat24337,

$59.25 // got out yesterday at a Loss of 50%

Market gives...... Market takes it back.

We will make it back with another good stock.

Lesson: Never be late again to jump in any Stock.
Reserve 20% Profit and find another one :))
Reply
niceMeerkat24337 wwwVipNumbers_io
@wwwVipNumbers_io, unfortunately I got stuck being down 40% at market open the day after the merger.
Reply
wwwVipNumbers_io niceMeerkat24337
@niceMeerkat24337

Same, i bought in at $59.25

Biggest FOMO of my life.

Sold at $30 yesterday (3/2), 9.30am

I rather keep cash in trading account and find another opportunity

Also thinking about this:
to buy Long Call:
$60C, Jan-2022

maybe I will recover my losses....

IMO: it’s not worth it tho....

-We both were in the exact same situation
+1 Reply
What are the chances it can go to $22 ?
Reply
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