RIVN shares extend rally after strong Q2 deliveries

[MidnightRivian]

I can’t be mad at Rivian. They’re working their ass off to stay alive and get to profitability.

Go look at how Nikola, lucid or lordstown is doing from a stock and supply perspective.

Wall Street and investors are very happy with Rivian over the last 10 days.

Now that we made it into $20. It might be time to start swing trading Rivn from $20 - $30 from one quarter to another.

Let’s see where we top off at hit our blow off top at. Might have to buy FAR OTM puts to be safe.

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[Sgt Beavis]

oh Lawd! I might actually get into net positive territory.

 

[NineElectrics]

Wall Street must have had very low expectations if meeting guidance counts as a beat.

 

[MidnightRivian]

Wall Street must have had very low expectations if meeting guidance counts as a beat.

11,000 was the estimate and they beat it.

Rivian
— Shares popped 6.5% in premarket trading, adding to Monday’s gains after the electric vehicle maker reported 12,640 deliveries during the second quarter. The deliveries were up 59% from the previous quarter and beat analyst expectations of 11,000 vehicles, according to StreetAccount.

https://www.cnbc.com/2023/07/05/sto...e-premarket-rivian-ups-coinbase-and-more.html

 

[NineElectrics]

11,000 was the estimate and they beat it.

Rivian
— Shares popped 6.5% in premarket trading, adding to Monday’s gains after the electric vehicle maker reported 12,640 deliveries during the second quarter. The deliveries were up 59% from the previous quarter and beat analyst expectations of 11,000 vehicles, according to StreetAccount.

https://www.cnbc.com/2023/07/05/sto...e-premarket-rivian-ups-coinbase-and-more.html

Um, yes, but there is a difference between official Rivian guidance and analyst estimates. https://stories.rivian.com/q2-2023 “ON TRACK WITH 2023 ANNUAL PRODUCTION GUIDANCE”

The point is that Wall Street didn’t even expect Rivian to meet their own conservative guidance.

 

[MidnightRivian]

Um, yes, but there is a difference between official Rivian guidance and analyst estimates. https://stories.rivian.com/q2-2023 “ON TRACK WITH 2023 ANNUAL PRODUCTION GUIDANCE”

The point is that Wall Street didn’t even expect Rivian to meet their own conservative guidance.

It's not that complicated. They shorted the shit out of Rivian due to cash burn and slow ramp up.

Now the ramp up is on track and cash burn has slowed down. Time to close some short positions and then re-position.

Just regular trading 101 with a side of risk management.

 

[Blueassassin]

I feel like the world would be a better place if you weren't allowed to Short stocks. A lot less negativity and games to be played. Imagine a world where America supported any American company in America trying to make it.

 

[MidnightRivian]

I feel like the world would be a better place if you weren't allowed to Short stocks. A lot less negativity and games to be played. Imagine a world where America supported any American company in America trying to make it.

Legitimate shorting where you truly borrow the stock and pay the fees is 100% ok.

Naked shorting or operational shorting should not be allowed.

Do you really want to pay $60 for a share of Nikola when today it's trading at $1.32 because they have nothing to actually deliver but vaporware?

I would hate to see people getting burned on pump and dumps or overvalued companies. It’s time to clean up all the zombie corporations.

Quality over quantity.

 

[mkg3]

I feel like the world would be a better place if you weren't allowed to Short stocks. A lot less negativity and games to be played. Imagine a world where America supported any American company in America trying to make it.

The free market place that includes shorting help balance the market force.

The current price action is clearly a short squeeze. Let's see where we go once the squeeze settles. We're at Feb23 level now and still down significantly Y/Y from a year ago June~July.

 

[pricedm]

Nothing like a good ol' short-seller squeeze to give $RIVN another boost!

 

[NineElectrics]

Short selling facilitates hedging, helps prevent speculative bubbles, and, I believe, is positive for society as a whole. For every short sell there is ultimately a buy, so long term the effects on the price are neutral. Those to blame short sellers for their woes are delusional or looking to spread propaganda.

 

[TollKeeper]

oh Lawd! I might actually get into net positive territory.

I feel you man... First time I have been positive on my stocks for Rivn in a long time! I bought 12000 shares when it was at $13.03.. For a moment I was up nearly 100k! Only up 86k currently!

But on the other hand, my initial purchase of 10000 shares, at $49.21.. Still have a ways to go! I own more.. Just waiting for that break even for a sigh of relief! If I can see around $40 a share, it will be a wash. if we can get these stocks back up to 60, or heaven forbid, 80... Oh yea baby!

 

[Sgt Beavis]

I feel you man... First time I have been positive on my stocks for Rivn in a long time! I bought 12000 shares when it was at $13.03.. For a moment I was up nearly 100k! Only up 86k currently!

But on the other hand, my initial purchase of 10000 shares, at $49.21.. Still have a ways to go! I own more.. Just waiting for that break even for a sigh of relief! If I can see around $40 a share, it will be a wash. if we can get these stocks back up to 60, or heaven forbid, 80... Oh yea baby!

I feel ya. I didn't buy THAT much but I got mine at $48.

 

[Tahoe Man]

I've now made my money back.

 

[technerd]

I'm only down 5% for now... Man I hope it doesn't go backwards, but I have a feeling it will slip under $20 again soon.

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