CCIV after hours update starts at 2:35 if interested. This guy invested heavily.
Crap videos like this is exactly why this stock fell. Terrible media roll out. It is not a 24 billion evaluation for cciv stock holders. It is a 16 billion valuation which is right around where we expected. The stock holders own about 16% of Lucid. Pipe investors hold 10% of the company. This comes from Lucid own presentation.
It actually isn't a bad deal for retail investors. But panic sale and people spreading false numbers destroyed this stock today. [Reply]
Originally Posted by lewdog:
Nasdaq looks to be correcting the most.
We’ve done this rotation out of tech/high-flyers and into recovery stocks a few times now.
I don’t think the S&P is even correcting. RSP is the equal weight S&P 500 and it was slightly up yesterday. We just shifted a ton of money from growth to value. As the economy does better it's going to be a bit of a natural drag on the cap weighted funds as institutions sell some AAPL or MSFT to buy airlines and other recovery plays.
I think Powells at Congress today or tomorrow so probably not the worst time to shift a bit more defensive. [Reply]
