 Hmm Thanks, mr. V here welcome to another video guys. So in this video I want us to talk about ticket symbol cciv Um, this is church heat capital that is in the process of taking lucid model public So, um, this is a stock that I've covered here on the channel a lot But again recently there's been some crazy news and I want to make sure that you guys are aware of it So that way you're not just jumping in and buying without understanding what's going on In the market. So that's what I want us to cover into this video But before we get started guys, we are new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button any notification bell so you don't miss out on new content So guys, uh, if you have been watching the internet, um, you would see that Rumors is out there that lucid model is actually working. Um, or they're talking about the fact that lucid is working with apple to build Uh, a new class of super cool electric vehicles So if you can scroll down here, you see that it's out there on the internet everybody is talking about it. So Uh, what does that mean? Um, again, two things here that I want you to see why this could be uh, This information could be circulating out there The number one thing is that um, most recently when lucid ceo Had an interview and he was asked if apple has approached them For any sort of a partnership The ceo declined to comment which in business almost usually means yes So that is one thing that I think the speculation is out there The second one is that one of apple's key, uh designer or chief designer currently sits on the board of lucid and so All those put together you can see why The internet is kind of like freaking out and thinking that these two companies are actually talking Or working together to try to build a future electric vehicle if you guys remember Apple has been like just filling out the market and testing and talking to other companies We've seen like three or four different rumors come out that apple is talking to other companies So I would expect this continues trying to continue until apple finally decides To make a complete statement if they want to get into the EV space or not But in the meantime what that rumor did for the stock here is Actually gave the stock some spark. So the stock actually went up about 18 Percent uh today based on that rumor, which is good for for some of us There are a long term investment uh investors in the stock So again, this is something that I like to see the stock starts to squeeze back up But at the same time I don't want the stock squeezing up for the wrong reasons because all this is doing is Just setting it up for failure It's kind of come back down because once this rumor Actually get out of the way the stock is going to fall back again But that doesn't mean that this is not a great start to to get into so if we can look at the chart Here, this is just the one one chart. So if we go, this is one day. This is what happened today So the stock actually squeezed up all the way to I think a test life 24 dollars Yeah, 24 dollars and then before pulling back and then just setting around 23 and some change But if we go one month, this is what's been happening to the stock the stock went high And let me see let's do six months. Sorry. So this is six months right here So since the stock is actually sitting high of about 58 dollars and then pull back So one month the stock has just continually on this downtrend and actually hit a low of about 1845 But here's why and I keep talking about you guys buying the stock As it dips because I bought some I bought 250 shares here at 18 I bought another 250 at 19 and I keep adding to my position In in my analysis here, what I've seen is that $19 20 price point right there has been it just acted like support So I think even if even if it pulls back again from the 23 and some change I will see right now It's going to come back to this 19 20 dollar price point Until it starts to squeeze with obvious reasons There was another news out there that there was a lot of people shorting the stock And obviously they're shorting the stock to drive the price down so that a lot of institutions can load up on the stock That's just my personal take here Because people know that this company is a solid company. Um, it has huge potential So they want to buy cheap nobody wants to pay premium For a stock if they can drive it down and buy it at a very cheap price So that's something that I want you guys to to be aware of Before you can get to the stock so again for those of you that don't know a little bit about lucid This is kind of like a luxury electric vehicle brand that's out there Right now they don't have any cars in actual Production per se, but they are in the process of producing their first the lucid air their first sedan Which is going to be going out here. I think early fall They're going to start sending those out to their customers and then they have customers here in the united states in south arabia So again, if you can see here, they're projected range for their vehicle. It's about 500 plus miles Studying price is about 69,900 and this is for the basic If you go to the discovery air Those are other ones and then one of the things that I want to really call out to you guys is that Even when you know, you can reserve the vehicle right now They don't accept any more reservations because they are completely full and they don't want to take more than they can actually Mass produce so right now reservations are closed. Which is insane. So I mean to me I see lucid has huge potential Again, like people that had doubts with tesla is the same thing with lucid The difference here is that lucid has actually learned from tesla mistakes And this is what people are not really seeing here lucid has actually learned from tesla mistakes I don't want to repeat that same mistake So matter of fact, some of the guys that are on the board and as part of the team at lucid came from tesla So they know the inton out and the struggles that tesla went Through to get to the point where they are today. So lucid is actually doing that They have a factory out in a rezoner and they're going to continue to try to expand and build other factories Around the country. They currently are building what they call their lucid studios where you can go there and Sit in the vehicles and see what it feels like and they're building those across the country I know they're doing that just for branding purposes But again, these are some of the things that lucid is doing putting himself up front that Prevent them from falling in the same traps at tesla So if you don't currently have this stock This is not one that you buy and think that is just going to go up tomorrow. You make a turn of profit Guys buy this stock and hold it I don't care if it's one two or three shares that you can afford if you're gonna foot five shares buy five shares and hold it you don't need to have 100,000 or 200 to invest in this if you have a hundred dollars That's a 20. That's at least five shares of this stock buy it and put it on the side And don't even look at it come back after five years and come look at it and then send me An email and tell me that I did good for you. So that's that's how I see this stock my goal is to at least hold over 3,000 shares of lucid if I can afford it I keep trying to dig my heels and find Extra money to throw at this stock because the the potential is there right now Most people look at this and when the price is falling down like these people are complaining You don't want to get in this is the time to buy the secret with investing is buying the deep So when opportunities like this present themselves take advantage of it And I I just cannot recall how many times I've actually talked to you guys about buying the deeps for long term stocks These are the ones that you buy and just let it ride. You're not worrying about it Going up and going down you just when you see it go down you buy more That is the trick here with some of these long term stocks. I'm talking about here So that's what I wanted to cover in this video again guys the news here is that apple and lucid have been rumored to be working together to create some sort of our Electric vehicle, but the news hasn't been confirmed by either apple or lucid So this is just internet rumor, but again my personal take is that This could be stemming from one or two things number one is that the CEO of lucid In an interview was asked if apple had approached him He declined a comment which in business terms usually means yes And then the other one is that you have our former apple designer Working on the board of lucid so that could be somebody that can bridge the gap between the two companies working together So that's how I'm looking at this and approaching this But again the stock actually popped based on that information So I don't want you to take this pop here very serious because If this is just a rumor it's not going to go anywhere So the stock is going to definitely come back down to this consolidation point here I wish I called is this is even a support to me support would be around 19 20 dollars So the stock would probably come back there which again gives us opportunities to buy more Of the stock so that's what I wanted to let you guys know if you're new to the channel guys We talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content Also, if you are looking to get started with investing guys Webo has their promotion where if you sign up and deposit a hundred dollars You get some free stocks links in the description below and as always guys Do your due diligence don't be a greedy savage and stay motivated