Lucid Group Inc (LCID)

[Triple_Star]

There are plenty of stocks with prices that are unbelievable based on their company's value. This just means investors are willing to pay that premium of a price.

I agree there was, and always will be, horrible advice and wrong advice, then add the deliberately false advice.

The market needs the uneducated and hype, it creates momentum and aids in volatility. This in turns keeps the price from being stagnant.

So my point is, if you jade the momentum traders enough, they won't play the same in a future version of the same thing. How many RH traders are going to jump into a Klein SPAC after watching a 5:59 announcement and having to watch the price crush by 50% until they could enter again at 9:00.

Value of the company is an absolute requirement in making fundamental decision, but it does not have to be as important when weighing the risk of merger news. Merger news is a 50 50 gamble, (they will or they wont). Many people are thinking that the price is going to decrease regardless of which one happens, during a period for which they are on the side line.

That jades people. That is my initial thought... how is this going to affect future SPACs, specifically by Klein/Churchill when a great majority were jaded and might not play. It will not have the same volatility and momentum that allows for high risk/high reward many enjoy in a SPAC.

I started in CCIV at $14.65.. not shorting anything.