Stock to Watch This Week! - $CCIV - Churchill Acquisition to Merge with Lucid Motors?
Hey y'all ! It's been a long time, but I'm ready to come back and start making some content again. Leo Finance has changed so much since I last posted and I'm exited to see where the platform will go in 2021. Since I stopped posting I learned I had the highest traffic post! Khal... I'm waiting on my plaque 😂
Anyways, I'll be coming back with my video content like usual, but I wanted to talk about something that fits best into an article format. I might start adding these into the mix every once in a while.
I haven't seen anyone post about this on Leo Finance, but this is one of hottest stocks right now. I am talking about $CCIV. $CCIV is a special acquisition corporation or SPAC. The reason it's so high now is because people are speculating that they are going to acquire Lucid Motors, a luxury EV company. I don't think I have to explain much more than that you do understand why this company is pumping! Retail is so hype on this trade it's up 80% so no definitive news. Although out of the available SPAC options, it seems like $CCIV might be the right fit for Lucid to go public.
According to an inside source based on this Twitter the company's plan to go public on April which also plays into the timeline for SPAC since this isn't enough time for an IPO.
Lucid has some former Tesla talent on the team, and also claim to have improvements over Tesla's high end vehicles. Coming in second to the competition isn't always bad and you have a lot of time to learn from your competitor's mistakes and the EV market is going to be huge there definitely is room run for multiple players. Of course it's hard to know right now which of these players is going to win, but with EV market hype I don't think it matters to retail at the moment as prices pump higher. What is nice about this on a shorter term time frame is that it doesn't really matter if Lucid does or does not succeed. Retail is ready to jump all over it and expand its multiples. With an 80% percent pump I a little nervous creating a position before an announcement or a leak with proof. If I can get in the same hour as an announcement or even the same day I think there will be very good upside. The announcement might not happen this week, so the watch might have to continue on for the month. This could also potentially be a good long-term play for all of 2021. I am going to play it more flexibly if I have the chance. I want to be out of a play like this when the hype dies down so that really comes down to reading the market sentiment. I also have two other players that I like more than Lucid to hold for longer term in EV space.
Let me know if y'all want to hear more about these other companies I hold and I might go ahead and make a video about them. Glad to be back here hope you all enjoy the content in the coming weeks. As always this isn't financial advice, I don't know your risk tolerance, and I am just showing you my thought process for my own actions!
Have a great week!
--- Schubes
Posted Using LeoFinance Beta
