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re: CCIV/Lucid Motors merger rumors floating around

Posted on 2/19/21 at 2:27 pm to
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
3374 posts
Posted on 2/19/21 at 2:27 pm to
The writing is on the wall. 3 consecutive sessions of heavy pumping then sell-offs in the last hour. To the airlines I go.
Posted by Capt ST
High Plains
Member since Aug 2011
13330 posts
Posted on 2/19/21 at 2:29 pm to
Someone bought 813k shares on dip.
Posted by Bonjourno
New Orleans
Member since Jan 2010
2744 posts
Posted on 2/19/21 at 11:45 pm to
Anybody else get clipped in the stop loss raid or just me. fricking assholes
Posted by GREENHEAD22
Member since Nov 2009
20045 posts
Posted on 2/20/21 at 7:56 am to
Yup
Posted by jimjackandjose
Member since Jun 2011
6631 posts
Posted on 2/20/21 at 8:32 am to
I moved to wkhs and zom. Both should have good gains in next few weeks
Posted by GREENHEAD22
Member since Nov 2009
20045 posts
Posted on 2/20/21 at 8:37 am to
I moved out of wkhs awhile back. Thinking of picking it back up.

Still holding ZOM, ready for Standard lithium to take off.
Posted by Salamander_Wilson
Member since Jul 2015
8103 posts
Posted on 2/22/21 at 5:19 pm to
Down 23% AH on positive merger news.

I’ll never understand this shite.
Posted by Pintail
Member since Nov 2011
11419 posts
Posted on 2/22/21 at 5:20 pm to
Down 20% after announcement. WTH?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/22/21 at 5:22 pm to
The market has literally worked opposite of every piece of news over the last 6 months
Posted by cmlsu
Baton Rouge, LA
Member since Aug 2011
663 posts
Posted on 2/22/21 at 5:30 pm to
Buy the rumor sell the news.
Posted by el Gaucho
He/They
Member since Dec 2010
56786 posts
Posted on 2/22/21 at 5:53 pm to
Guessing I shoulda sold huh

ETA: do we think it’s gonna come back tomorrow?
This post was edited on 2/22/21 at 5:56 pm
Posted by MrJimBeam
Member since Apr 2009
12896 posts
Posted on 2/22/21 at 5:56 pm to
This will go to low 30’s and then probably rocket back up. Just a guess, though.
Posted by Salamander_Wilson
Member since Jul 2015
8103 posts
Posted on 2/22/21 at 5:58 pm to
I sure hope so.

My PT was $90 by the end of this year.
Posted by PillPusher
Gulf Coast
Member since Oct 2009
5857 posts
Posted on 2/22/21 at 6:19 pm to
This is more than just your standard “sell the news” event. This is a 30% drop. Did not see that coming.
Posted by Toula
504
Member since Dec 2006
35403 posts
Posted on 2/22/21 at 6:21 pm to
quote:

Down 23% AH on positive merger news.

I’ll never understand this shite.


It’s bc of the value of the SPAC. The pipe shares are at $15.

The SPAC is/was stupid overvalued compared to the pipe
Posted by MrJimBeam
Member since Apr 2009
12896 posts
Posted on 2/22/21 at 6:25 pm to
quote:

It’s bc of the value of the SPAC. The pipe shares are at $15.



This.
Posted by DirtMcGirt13
Hot Lanta by way of Baton Rouge
Member since Jun 2009
832 posts
Posted on 2/22/21 at 6:27 pm to
What does that mean as to the value of the stock going forward? Total newbie.
This post was edited on 2/22/21 at 6:28 pm
Posted by Toula
504
Member since Dec 2006
35403 posts
Posted on 2/22/21 at 6:53 pm to
The CCIV spac company is how lucid is going public. They are essentially merging. Like with any merger, ownership of the company is split amongst the various companies and investment types (what lucid brings to table, the SPAC investors, the pipe investors , etc)

Included in the merger news tonight was the pipe shares valued at $15/share, and an implied pro forms equity value of $24B.

I think with shares in the $50, that’s over $100B company value.



Posted by Dirtysouthnole
Member since Nov 2017
12 posts
Posted on 2/22/21 at 6:57 pm to
I"m praying it does
Posted by castorinho
13623 posts
Member since Nov 2010
84473 posts
Posted on 2/22/21 at 7:11 pm to
If you're in it for the long haul, it'll be fine.
SBE did the same thing after merger was official. Most SPACs do this
Delayed production definitely not a good thing though
This post was edited on 2/22/21 at 7:22 pm
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