Just purchased RIVN stock today.

[fedarga]

I just purchased RIVN stock today. I had been waiting for it to be in public trading but missed the only day that I was away from my computer. I am hoping that it will dip from 122.99 from yesterdays closing price. It bits to buy after $68 starting price versus current price of $122.99 which I could have made an easy $55 per share by today. Best of luck to all who are planning to buy it. The first day stock purchase super pass Tesla's per new report at Bloomberg.

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[Blueassassin]

ipo price was $78

 

[schwartz83]

My company doesn't allow employees to participate in IPOs, so I was shut out. Having a hard time deciding if I should buy now or see if it settles down a bit. I'll probably buy about half of what I planned now and see what happens.?‍

 

[Jmiller929]

I just feel that it is way over priced and will come down substantially. We must remember that very few vehicles have been produced and because communication has been lacking, who know when our orders will be filled. Love the company, but it will be a while before it reaches that valuation.

 

[Blueassassin]

IMO if they actually start delivering vehicles to real customers in the next month the hype train will keep going and good things will happen. If not the wait and bad news will start bringing it down.

 

[NashvilleR1S]

I just feel that it is way over priced and will come down substantially. We must remember that very few vehicles have been produced and because communication has been lacking, who know when our orders will be filled. Love the company, but it will be a while before it reaches that valuation.

Stocks are rarely based upon current value though. All about market perception.

 

[sub]

My company doesn't allow employees to participate in IPOs, so I was shut out.

Do you work in an industry where such rules are reasonable? Conflict of interest or something? Otherwise I don't see why a company would have any right to dictate what their employees do with their money. Or even have a right to know what their employees do with their money.

 

[Blueassassin]

Do you work in an industry where such rules are reasonable? Conflict of interest or something? Otherwise I don't see why a company would have any right to dictate what their employees do with their money. Or even have a right to know what their employees do with their money.

ya that seems odd if Pelosi can play with stocks...

 

[MIG]

Do you work in an industry where such rules are reasonable? Conflict of interest or something? Otherwise I don't see why a company would have any right to dictate what their employees do with their money. Or even have a right to know what their employees do with their money.

Undoubtedly perceived conflict/insider trading. My son works at a huge law firm that works for nearly every large corporation at some level. He is barred from trading in equities; funds are it for him. And he never talks shop around me.

 

[Rhidan]

Undoubtedly perceived conflict/insider trading. My son works at a huge law firm that works for nearly every large corporation at some level. He is barred from trading in equities; funds are it for him. And he never talks shop around me.

This ^^

It took me 13 days to clear my DSP participation with my employer. It was somewhat of a miracle we weren’t on the deal/didn’t have inside info. I normally don’t trade stocks because my job makes it so difficult. I’m also cognizant that it might take me 13+ days to clear the sale of the stock. I probably just have to hold it for the long term because I can’t easily time the market

 

[R1T7777]

I just feel that it is way over priced and will come down substantially. We must remember that very few vehicles have been produced and because communication has been lacking, who know when our orders will be filled. Love the company, but it will be a while before it reaches that valuation.

I missed out on the pre-IPO purchase, so I’ll wait until it drops below $60 a share to buy. Definitely overvalued right now.

 

[schwartz83]

Do you work in an industry where such rules are reasonable? Conflict of interest or something? Otherwise I don't see why a company would have any right to dictate what their employees do with their money. Or even have a right to know what their employees do with their money.

Yes...a financial services firm. I don't know if other financial services firms have similar restrictions, but I wouldn't be surprised.

Do you work in an industry where such rules are reasonable? Conflict of interest or something? Otherwise I don't see why a company would have any right to dictate what their employees do with their money. Or even have a right to know what their employees do with their money.

Yeah - I work for a financial services firm and there are concerns about conflicts of interest. I need the paycheck to pay for my Rivian Blue R1T so I'll abide by the rules!? Too bad though. Gains on the stock could have paid for the Camp Kitchen.

 

[yizzung]

Yes...a financial services firm. I don't know if other financial services firms have similar restrictions, but I wouldn't be surprised.

Yeah - I work for a financial services firm and there are concerns about conflicts of interest. I need the paycheck to pay for my Rivian Blue R1T so I'll abide by the rules!? Too bad though. Gains on the stock could have paid for the Camp Kitchen.

Currently trading at almost 2 camp kitchens... ?

 

[twinprice]

Yes...a financial services firm. I don't know if other financial services firms have similar restrictions, but I wouldn't be surprised.

Yeah - I work for a financial services firm and there are concerns about conflicts of interest. I need the paycheck to pay for my Rivian Blue R1T so I'll abide by the rules!? Too bad though. Gains on the stock could have paid for the Camp Kitchen.

FINRA, one of the regulatory organizations for the securities industries, has a rule (5130) which prohibits ANY employee of a member or any other broker-dealer from participating in an IPO. Kind of sucks but probably makes sense.

 

[Jmiller929]

Stocks are rarely based upon current value though. All about market perception.

Agree 100%, but in my opinion, it is way over the top. I would jump in at the $60 range

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