Stock / option traders...

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6.7 yrs
~ 5 years ago Jan 13, '21 12:13pm

Stock / option traders...

What are you making of CCIV? It feels like a simmering volcano. Lots of rumors focused solely on Lucid. I'm going in pretty heavy, recycling a good chunk of the wild day I had with GME. 4951

Replies:

10.9 yrs
~ 5 years ago Jan 13, '21 12:32pm

Could you please put that in layman's terms. 4951

6.6 yrs
~ 5 years ago Jan 13, '21 12:34pm

petronoluem : Thanks for that info. Will check it out. 4951

20.5 yrs
~ 5 years ago Jan 13, '21 12:37pm

petronoluem :

4951

6.7 yrs
~ 5 years ago Jan 13, '21 12:45pm

Could you please put that in layman's terms.

Texasdaughter :

CCIV is a SPAC (special-purpose acquisition company), which is pretty similar to an IPO. An IPO is just when a company decides to sell off part of their company and they sell it to the public (on the stock market). A SPAC is kind of like the reverse. It's when an entity raises a bunch of money and then goes a merges with a business. Once that happens, the SPAC ceases to exist.

I'm stealing this, but a good explanation is:
"You can think of it like: an IPO is basically a company looking for money, while a SPAC is money looking for a company,"

That said, before the SPAC merges with a company, you can buy shares before even knowing what they are going to buy. You are basically buying into the fact that whoever is running the SPAC is a smart guy (or lady!) and will make a really good decision.

CCIV is a SPAC that has been heavily rumored to be involved with Lucid who is an upstart luxury election vehicle company. The CEO to Lucid was the chief engineer for the Tesla Model S. Anyway, nothing is confirmed yet but lots of people are reporting CCIV is going to merge with Lucid and the market is starting to response. It' s up ~10% today and ~7% since I posted an hour ago.

And always remember, markets are emotional and EVs are one of the hottest things going right now. Tesla made a lots of people millionaires. This might be looked at as the next best thing. 4951

10.9 yrs
~ 5 years ago Jan 13, '21 12:59pm

petronoluem : Thank you so much. Now I feel a bit educated. 4951

6.7 yrs
~ 5 years ago Jan 13, '21 1:00pm

and there it goes.... 4951

11.6 yrs
~ 5 years ago Jan 13, '21 1:21pm

petronoluem : FYI. Sent you a PM a few minutes ago. 4951

20.5 yrs
~ 5 years ago Jan 13, '21 1:24pm

petronoluem :

Which one? There are 3. 4951

20.5 yrs
~ 5 years ago Jan 13, '21 1:36pm

I have a 1,000 shares right now with a steel company that is suppose to get a government contract. I am getting impatient. I am feeling froggy. 4951

20.5 yrs
~ 5 years ago Jan 13, '21 1:37pm

It's a penny stock but tumbling more and more. 4951

6.7 yrs
~ 5 years ago Jan 13, '21 1:38pm

petronoluem : Which one? There are 3.

blueyes : CCIV (I only see one) 4951

20.5 yrs
~ 5 years ago Jan 13, '21 1:38pm

Also my returns for Moderna have been quite nice but it's slowly turning. 4951

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