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Economy stonks v15, lucid madness

I just checked CCIV today for the first time. This is insanity. Whoever buys at this price better have thrown a virgin in a volcano somewhere to ensure this merger goes through soon.
 
brackis1 said:
I made over 100% and it will not be going up 500 from here tho.
Expecting the returns of the last decade to continue at the same pace is going to end badly for people.
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I’m assuming we are still talking about Churchill. If the merger goes through and they really are a direct competitor to Tesla I can see close to those type of returns in 10+ years. Give or take a few years.
 
G-19 said:
I’m assuming we are still talking about Churchill. If the merger goes through and they really are a direct competitor to Tesla I can see close to those type of returns in 10+ years. Give or take a few years.
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10+ years? come on, man. we don't have time for this shit.
 
You guys ever notice that all of the ARKs are basically the same companies with just different weightings? I have a lot of ARK in my Roth, but I'm going to rotate some money out because I realized that basically all of the ETFs I own are just the same companies and I'm not really as diversified as I'd like to be. I'm going to buy some of these Chinese index funds.
 
i moved $6k to webull for a roth year, and it's taking like 327 days to go through. these transfer times are fucking unreal. don't these fuckers know i have garbage puts to sell for my retirement?

i'm also drinking and trying to lift and in an insane amount of pain. i think i got my yolos confused.
 
The potential merger between special purpose acquisition company Churchill Capital Corp IV and EV startup Lucid Motors seems to be one of the worst-kept secrets on Wall Street.

Churchill stock (ticker: CCIV) is soaring again after another report that a merger announcement was imminent. Yet neither company is ready to confirm the deal.

Churchill stock is up about 30%, at $52, in midday trading Tuesday. Shares traded below $37 early in the day. The stock has been halted for small periods due to volatility.

The deal is said to value Lucid at about $12 billion. 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 and will change when, or if, deal details emerge.

With Churchill stock trading at $52, the implied, updated value of Lucid could be more than $40 billion. Most SPAC deals are done based on the $10 unit price at which SPACs issue stock.

It just isn't clear if the $12 billion figure is the valuation today or the valuation the deal is struck at. There are just too few details. Churchill and Lucid weren't immediately available to comment on today's report.

EV maker Fisker (FSR), by comparison, is valued at roughly $6 billion, based on its 294 million fully diluted shares outstanding. Fisker plans to offer a roughly $40,000 SUV going on sale around 2022.

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 $165,000 and boast 1,080 horsepower, fast charging times, and more than 500 miles of range on a single charge. The first high-end Lucids could hit the streets later this year before the company produces lower-end luxury cars in 2022.

Expectations for Lucid products are high. Churchill stock is up more than 400% over the past three months, crushing the comparable returns of the S&P 500 and Dow Jones Industrial Average.
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<WhatIsThis><WhatIsThis>

 
G-19 said:
I’m assuming we are still talking about Churchill. If the merger goes through and they really are a direct competitor to Tesla I can see close to those type of returns in 10+ years. Give or take a few years.
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Ford and GM are direct as fuck competitors to them already and avg out to this lucid valuation lol.
 
rob mafia said:
10+ years? come on, man. we don't have time for this shit.
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Lol. I know you’re just fucking around but I could’ve probably shortened that time frame a little. I wish I would’ve been smart enough and disciplined enough to buy a few stocks 10 years ago.
 
brackis1 said:
Ford and GM are direct as fuck competitors to them already and avg out to this lucid valuation lol.
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but they won't have juicy premiums to sell puts to. lolz.

G-19 said:
Lol. I know you’re just fucking around but I could’ve probably shortened that time frame a little. I wish I would’ve been smart enough and disciplined enough to buy a few stocks 10 years ago.
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what, you don't like maximizing your taxes? what kind of unpatriotic bullshit is this?
 
re: FUSE

SELL, ALREADY

edit:

@kahiljabroni - can you figure this shit? i can't bench, like at all. literally can't lift the bar (well, from my right side). fuck me for taking 2 weeks off to rest my injured shoulder, i have even less range.

BUT I CAN DO UPRIGHT ROWS AT FULL WEIGHT. wtf is this bullshit? this is some fickle bitch shit, like intc being up all week and amd down on nothing but good news for amd. lolz.
 
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