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Video Topics:
lucid motors, cciv stock, cciv merger, cciv news, cciv lucid, cciv news today, cciv price prediction, lucid motors stock, lucid motors merger, lucid motors cciv, lucid motors spac, matt kohrs, matt kors, matt kohrs youtube, best stocks, top stocks, investing, trading, stocks, stock market

What is going on moon gang? Let's talk about lucid motors and cciv, because there were some big merger announcements today, this article just got posted on barons. Lucid motors, won't confirm it's merging with churchill. The spack is up 30 anyway. It very very much looks like the merger is going to go through it's pretty much all but confirmed at this point.

Um so exciting things ahead for both cciv and lucid motors. So here's what's going on in the article, the potential merger between special purpose acquisition, company, churchill, capital and lucid motors, seems to be one of the worst kept secrets in wall street churchill. Stock is soaring again after another report that a merger announcement was imminent, yet neither company is ready to confirm the deal. So it's one of those things that we all assume it's gon na happen, we're trading it as if it already has happened, but just so you know there is still some risk in the situation, because it's not ironed out.

It's not set in stone. Churchill stock is up about 30 at 52 in midday, training, tuesday february 16th shares traded below 37. Earlier in the day, the stock has been halted for small periods due to volatility. I believe it was actually halted three times today.

It was absolutely crazy. The deal is set to value lucid at about 12 billion dollars, which was expected. Churchill has roughly 2 billion in cash on its books, meaning it will end up with roughly 17 of the new company. That is a very rough guide of when oh and will change when or if the deal deal details emerge.

Excuse me for that, but basically um just so. You guys know special acquisition. It's a faster way for a company to go from private to public. You've probably heard of ipo's initial public offerings um that's another way to go public, but over the past year over the past two years, spac deals, special acquisitions have become very, very popular and obviously right now evs are very hot, so putting both of those together.

It's back evie, i'm expecting a lot of exciting things about this merger and even though it isn't um, we don't have it set in stone, but it very very much feels like it's going to happen with churchill stock trading at 52. The implied, updated value of lucid would be more of 40 billion. Most back deals are done based on a 10 unit price at which spax issued the stock. So if the deal completely blows up, there is a theoretical chance that see if cciv could drop back down to 10.

Just so you know, i don't think it's likely that that will happen but, like i just want you to be aware of, like the risk, it just isn't clear if the 12 billion dollar figure is the valuation today or the valuation the deal is struck at there Are too few details, churchill and lucid weren't immediately available to comment on today's report. Evmaker fisker by comparison is valued at roughly 6 billion, based on the 294 million fully diluted shares outstanding fisker plans to offer roughly 40 000 suv going on sale in 2022. Just so you know, lucid is much more considered to be a luxury brand, lucid plans to target the very high end of the auto market. It will start with an aspirational ev model that could cost more than a hundred and sixty-five thousand dollars in both uh 1080 horsepower fast charging times and more than 500 miles in range, which is a huge range for evs.

The high-end lucids could hit the streets later. This year, before the company proceeds lower-end luxury cars in 2022., they do have their. They very very quickly made a um a plant, a production plant in arizona the they are saying that they're trying to produce 30 000 vehicles in 2021. It does seem like bit of a high goal, but who knows if they pull it off? That'll be awesome, but let's see they like they were able to make that uh the plant very very quickly.

So maybe their overall production will also be as speedy, but we have to wait and see what happens. The first thing that we're all waiting to see is basically, for this deal with churchill. Capital be absolutely finalized. Um.

Now, let's take a quick look at the uh fun, the technicals of churchill capital. Actually before we go into that, i just want you to show my own churchill position. Um, there's no point in accusing me of bias. I fully admit that i am coming into today.

I own five call options on cciv at a strike price of forty dollar. I sold two of them uh. The initial cost for the entire position was seventeen hundred i locked in um a gain of two thousand seven hundred, which means i had a net profit. No matter, if cci blows up, i obviously don't want it to, but no matter what the worst case scenario is that i profit at least a thousand dollars, but you should also know that i'm invested in cciv i own 28 shares at 18, which means i'm up Almost a thousand dollars on my cciv investment, just so you know just to be completely transparent.

Now, let's go over. The chart. Cciv is currently trading at 52.70 when the market closed today february, 16th, again, 32 and thus far in 2021. It's up a jaw dropping 426 percent.

So for those of you who are new to the channel, let me quickly explain what i have going on on this screen. Uh, these white lines are just trend lines that the stock appears to be following just so, you know from the world of technical analysis when you have a perfect upward channel like this. It's actually referred to as a bear flag. You didn't mishear me.

I definitely said bear flag and the reason for that is even though it's trading upward, they do commonly break down words, but as we're reading in that article, this uh spac deal appears to be one of the worst kept secrets in wall street and actually broke the Opposite way, which it is a rarity, but it means that things are looking very, very bullish. So, even though we have this technical structure, the fundamental development completely blew it out of the water um on the bottom. Here we have the rsi relative strength index and it just maps out bullish momentum against bearish momentum when it gets very high. That's a lot of bullish momentum when it gets very low.

That is a lot of bearish momentum. So today, when cciv shot up from roughly third oops, sorry from 37 to the close above 50, a quick 35 game. Of course, this means that there was a ton of bullish momentum so moving forward for tomorrow. The main thing i will be watching today.

We saw that there was a lot of price action, a lot of shares being exchanged at the 52 mark and of course we have the current all-time high, which i'm expecting to act as resistance at 55, which is what it hit today right before a market hall. So, in terms of resistance, i will be watching 55 and 52 and in terms of support you could try to target 47.50, which was the low here. Let me go to a smaller time frame. You could try to target here 45 to 47, but in reality i will personally be watching this trend line i'll, be looking for it to be reaffirmed to go from resistance to support um.

That's the main thing i'll be watching, depending on how quickly it takes to play out it'll also come around 45. So that's my plan going into tomorrow. If you want to stay up to date with the moon gang and any technical developments related to this stock and many others make sure you hit the subscribe button and turn on your notifications, so you don't miss anything and, as always, best of luck in the markets, You.

20 thoughts on “Breaking news: cciv lucid motors news buy cciv now?!”
  1. Avataaar/Circle Created with python_avatars Dee Light says:

    Jumped into CCIV by 38; And to think I was uneasy about it at this point, but nah, all your amazing research makes me feel a lot happier about the initial investment. Thanks!

  2. Avataaar/Circle Created with python_avatars Davion Davis says:

    Bro you were fucking right damn wish I had bought it

  3. Avataaar/Circle Created with python_avatars Jappen says:

    Got in at 38 but this stock has potential.

  4. Avataaar/Circle Created with python_avatars keensweep says:

    Webul blocked purchase for cciv and others including some I already had positions in.

  5. Avataaar/Circle Created with python_avatars John Plumley says:

    IF this merger goes through – anytime will be a good time to buy LUCID the company is most likely to carve out a nice piece of the EV market for themselves and grow consistently and considerably 🔋⚡🚀

  6. Avataaar/Circle Created with python_avatars Khoa Do says:

    Of course the moment i decided to sell Feb calls to roll to March calls this surge happened lol… should have held a bit longer

  7. Avataaar/Circle Created with python_avatars WillCal27 says:

    My pet conspiracy theory on MK is that his other self is Greg Kohrs and we are watching the result of his psyche splitting due to the greg/antigreg war inside him. Welcome Matt Kohrs, second personality and gregslayer for the people.

  8. Avataaar/Circle Created with python_avatars Rev Funk says:

    This isn't personal, I'm BRAND NEW to this. You all make video after video (hype pieces really) about the next "blast off" and nothing….ever….really….happens……….why so fucking excited???

  9. Avataaar/Circle Created with python_avatars GLBFinance says:

    This is BIG news. Now up to a 68% return. Nice vid bro!

  10. Avataaar/Circle Created with python_avatars Down Payment Blues says:

    Started watching couple weeks ago. Congrats on your success. Be careful how you label your videos. It looks like you are telling us to buy because of a merger.

  11. Avataaar/Circle Created with python_avatars The AR Guy says:

    WISH I HAD THIS INFO 1 MONTH AGO, like you seem to have had…nice

  12. Avataaar/Circle Created with python_avatars E Wolfe says:

    Buy the rumor; sell the fact. It's an old, old wallstreet saying. Seems like the merger is fact now, don't it?

    But I don't know anything about tech company potential. What I do know is that I was cutting my teeth in these markets during the dot com run-up… and I'm starting to feel deja vue.

    Hope you kids make a lot during whatever run-up is left this go-round. And I hope you keep some of it when it ends all of a sudden. As for me, I'm buying Nasdaq puts as of last week.

  13. Avataaar/Circle Created with python_avatars NoHandNinja Shreds says:

    Missed out on this one, definitely getting the next one. Keep it up man

  14. Avataaar/Circle Created with python_avatars River Rodriguez says:

    I bought in at cciv and I was late at 48$ but it’s 51$ now. Is it gonna still rocket up or am I late or late late?

  15. Avataaar/Circle Created with python_avatars MrTanker2989 says:

    I thinking purchased 7 shares of it is that good?

  16. Avataaar/Circle Created with python_avatars Said Zia says:

    What’s up Matt

    You’re one of the channels I have playing all day as I work. I appreciate the tips and your knowledge in the stock market. Keep up the great work – LETS GOOOO LETS GOOOO as you say lol

  17. Avataaar/Circle Created with python_avatars Tank005 !! says:

    How’s this almost the same price of nio stock?? Iam staying away lol

  18. Avataaar/Circle Created with python_avatars Casey Ellersick says:

    Matt you’re the man, I love how much work you put in! We all appreciate it 🚀🚀🦍🦍

  19. Avataaar/Circle Created with python_avatars tkwhite1979 says:

    Great video. I am lucky enough to be into CCIV after listen to you talk about it the last 2 week. Thank you

  20. Avataaar/Circle Created with python_avatars Jason Wilhelm says:

    Bought more this morning. Prob buying more tomorrow.

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