Quote:
Originally Posted by scho63
Old market saying: "Buy on the rumor and sell on the fact".
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Maybe but that has not been the current market trend on the most hyped SPACS. The SPACS that could resemble CCIV that tumbled afterwards are NKLA and QS. Both of them hit their 52 week highs after the actually merger. Not the announcing of the DA. Both of those companies didn't have a working product ready for the public. Lucid cars will hit the road starting in April. Their battery tech is the best in the industry and their car is currently beating Tesla in most of the major categories.
So worst case scenario and the stock does go by the old saying "Buy the rumor sell the news". Which most investors would say is a very very risky way to invest. The actually news would be the merger date which we are very far from.