CCIV LCID @ $32 by merger
Weird things do occur around merger time and this could easily start a trend line busing run to some unimaginable price level. I appreciate that.
However, if we just look at the trend, it appears as if CCIV has settled into a channel that is relatively simple to look at and predict. If we imagine it just 'stays the course' we will be at about $32 at merger.
Also be aware that this could easily become a "buy the rumor, sell the news" event, with CCIV running hot into the merger and deflating right after the name change (see SOFI and AVPT as examples of this).
GL out there.
However, if we just look at the trend, it appears as if CCIV has settled into a channel that is relatively simple to look at and predict. If we imagine it just 'stays the course' we will be at about $32 at merger.
Also be aware that this could easily become a "buy the rumor, sell the news" event, with CCIV running hot into the merger and deflating right after the name change (see SOFI and AVPT as examples of this).
GL out there.
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