If you have missed the CCIV pre-load ...
Two choices remain: 1. Buy on Tuesday with downside put protection 2. Wait for merger confirmation and then buy - you will have higher cost price, but over next 1-2 years, it's easily at $200+, if things go as planned Missed the early Tesla train? Life gives you a second chance ...
Donβt assume same trajectory and same pace for all EV manufacturers over the long run if you are planning about holding CCIV for long run. Take a look at the customer segment that Lucid Motors is targeting for years to come. I think in all possible scenarios, entering early at cheap strike price was the best bargain.
I am fine with few years of hold. They are targeting luxury, that's where the sales margin is.
At 40$ stock price, the market cap seems to be above 50B$, right? So your 200$ stock price prediction is making lucid at 250B market cap!! Well good luck. Too much for my risk tolerance.
How did you get from $40 per share to $50B market cap?
This is a short term momentum play, though $40 is hefty. The market is so stupid right now; lucid wonβt even have cars out for production one to two years from now and itβs already valued more than Ford
Finally a well-informed post. Well done OP π Do you think there is a lot of upside? Their initial plan seems to be luxury and then the future cheapest variant of Lucid Air is somewhat affordable
I do, but not as a quick flip. There will be a lot of backing. Funds are buying hands over fist. There will be a push for quality and valuation to go against Tesla.
And thatβs what I see Lucid is focusing on - Quality
They haven't sold a single car and you're already projecting the same market cap as Toyota which sells 11 million cars a year?
Yes, this is not for you. Stay away and invest in bonds and VOO. π buh buy π
36% of my portfolio is TSLA NIO and LI. Bonds and VOO are 0%
I missed tsla so jumped on lucid around 11.. i only have 100 stocks so not a huge deal of money. IMO stock market is crazy but CCIV will continue to climb for a bit. Not a financial advisor fyi.
Congratulations, you can always add more later. Whether it climbs now a lot or not doesn't matter, but longer term certainly.
Is it still a buy
At this point, I will either wait till DA, or buy stock with a cheap put protection, or buy call, which I can later exercise for stock after DA.
What is DA ?
The merger is confirmed. Cciv going above $100 tomorrow.. load the stocks premarket for. 2x return in 2 days π₯π₯π₯ thank me later
Put all your net worth then
Already loaded 70% of my portfolio into cciv ..
Where do you see the confirmation? I searched on Google and everything still says that they are in talks
Never mind, just saw the news that they announced the merger
Down 20% in after hours.
So? It's a long term hold. I posted before the runup, then also said at this time it's a long term hold. Thread crap much?
It was more of an FYI for people who would like to trade after hours.
Downside put protection π due to put call parity theorem, just buy a call
Too pricey. Buy stock, buy cheap put with it.