"day one" of "not a good day" for $RIVN

[dpc166]

I've got enough of those under $40 shares to mostly offset the few higher shares I have. I'll be up that camp kitchen if the shares get up to my highest share price.

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[dpc166]

Good day for RIVN, up over 16%.

 

[Ladiver]

I am almost to break even! I was able to buy more shares at the bottom!

 

[dpc166]

I am almost to break even! I was able to buy more shares at the bottom!

I'm over $100 positive! Hopefully it gets back up to $100/share as long as that class action suit doesn't ruin things.

 

[the long way downunder]

I am almost to break even! I was able to buy more shares at the bottom!

I was thinking the same thing … huge profits, I thought "yes!" … then I did the cost basis summary … oh no … nowhere near … my breakeven is still around $70 … fortunately I have a lot under $40 and I'm ignoring "revenue" from selling puts and calls (which are net positive and hide the underlying cost basis.) A lot of work yet to be done … ironically, I've been doing well in $TSLA … thanks for paying for my R1T, Tesla, it's a great machine with excellent build quality … you should give it a try! : )

 

[Ladiver]

I'm over $100 positive! Hopefully it gets back up to $100/share as long as that class action suit doesn't ruin things.

SELL, SELL, SELL

Give Uncle Sam his cut and Rivian will have bought you cup of coffee and a pastry!

 

[dpc166]

I was thinking the same thing … huge profits, I thought "yes!" … then I did the cost basis summary … oh no … nowhere near … my breakeven is still around $70 … fortunately I have a lot under $40 and I'm ignoring "revenue" from selling puts and calls (which are net positive and hide the underlying cost basis.) A lot of work yet to be done … ironically, I've been doing well in $TSLA … thanks for paying for my R1T, Tesla, it's a great machine with excellent build quality … you should give it a try! : )

Yeah, I continually make my profits on TSLA stocks to help cover the cost of my next vehicle.

 

[Dark-Fx]

Bottom is probably somewhere around $25 if the market is dropping out like I expect it is. Maybe even lower. I'm still not selling my shares.

*Not financial advice*

Hoping it doesn't drop out too much more, but looks like I was close so far.

 

[Mister Person]

Been averaging down from the IPO. I wish I had more dry powder today (picked up a few though). The market cap is approaching the amount of cash raised in November. Way oversold in my opinion!

 

[BigE]

Hoping it doesn't drop out too much more, but looks like I was close so far.

Hopefully today is the bottom…I had bought in the DSP, then sold way sooner than expected at $172…bought back in today at $25.

 

[the long way downunder]

It will take a while for the market to absorb the 5 million daggers in the back of Rivian from Ford …
Worse that the imbeciles at Ford see it as a losing position and choose to sell into the dark depths of a market selling off … ffs.

 

[Dark-Fx]

It will take a while for the market to absorb the 5 million daggers in the back of Rivian from Ford …
Worse that the imbeciles at Ford see it as a losing position and choose to sell into the dark depths of a market selling off … ffs.

Ford still made a significant profit on the shares they sold. It wasn't even 8% of what they had, it was probably strictly to make up for the overhead in originally participating in funding.

 

[the long way downunder]

Ford still made a significant profit on the shares they sold. It wasn't even 8% of what they had, it was probably strictly to make up for the overhead in originally participating in funding.

But why initiate during a semi-crash.
Ugh.
Maybe they wanted some free capital to buy-the-dip $TSLA … : )

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