Rivian Cash Concerns Spur 76% Price-Target Cut by Longtime Bull

[SANZC02]

Interesting….. 50k units at 80k ASP is…. 4 billion.

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[Zeusy Zeus]

RIVN stock failed its most recent test to break $16 resistance point.

Looks like we are headed back down to test the lower Bollinger band around $12

Hold on tight RIVN shareholders. I hope you still got some tread left on your all terrain tires.

That $60 drop from a $75 IPO price really took a toll on those all terrains.

Pirelli's ain't cheap. Start to think about dollar cost averaging that sad sad position.

Easy to call a bottom coming when the stock is heading downward. Everyone sounds like a market genius until oh wait the next Market day where the stock jumps 5% like today. But a month or 2 from now if it does hit $12 you’ll say I told you so. If it doesn’t then no one will care or even remember what you said. Funny how that works huh?

 

[Tahoe Man]

A lot of people jumped into the IPO without knowing what they were doing and gambled on the stock, rather than investing in the stock.

Of course they did, they wanted to be holding the next Tesla stock regardless of valuation. The thought was "since TSLA has gone straight up, so will RIVN". There were many optimistic post being written here too.

 

[VSG]

Of course they did, they wanted to be holding the next Tesla stock regardless of valuation. The thought was "since TSLA has gone straight up, so will RIVN". There were many optimistic post being written here too.

Yup, no different than gambling.

 

[Tahoe Man]

Yup, no different than gambling.

Actually based on RIVN valuation alone the odds would have been much better for them by simply placing a bet on, say, a casino blackjack table.

 

[VSG]

Blackjack at least involves some skill/knowledge about when and how much to bet. Odds are still in favor of the house, but players can make the odds better or worse by their choices.

I would say more like betting on a specific number in Roulette, which is pure chance. But at least you still know the odds in Roulette, unlike gambling on a stock to be the next TSLA.

 

[the long way downunder]

Interesting….. 50k units at 80k ASP is…. 4 billion.

that's the top line, Rivian's problem is with the bottom line. : )

 

[Tahoe Man]

Flirting with the old low of $12.58. it's either make or break for this thing.

 

[MidnightRivian]

Easy to call a bottom coming when the stock is heading downward. Everyone sounds like a market genius until oh wait the next Market day where the stock jumps 5% like today. But a month or 2 from now if it does hit $12 you’ll say I told you so. If it doesn’t then no one will care or even remember what you said. Funny how that works huh?

I've been bearish on RIVN since IPO. Calling for bearish options strategy since Ford sold out of their position.

Shorting RIVN has been the right move all along.

I am doing just fine on my RIVN trade.

David Faber

@davidfaber

Ford is selling 8m of its Rivian shares through Goldman as insider lockup for stock of once high-flying EV maker expires tomorrow. Ford currently owns 102m shares.

Sources also tell me JP Morgan selling a 13-15m share block for unknown seller.

Both blocks priced at $26.90.

$RIVN

6:13 PM · May 7, 2022·Twitter Web Ap

Ford owns 102 million RIVN shares and sold 8 million shares. That is 7.8% of their ownership stake not 0.08%.

Lets bring this stock down closer to $15 and start dollar cost averaging over the next 2 years of bear market we are about to experience.

I can see Rivian issuing more stock to expand / support operations.

Premiums are extremely juicy on this stock.

Pick up 100 bundles of shares and sell covered calls with far OTM puts as downside protection.

This week you would have bought shares at $30 and sold covered calls at $31.5 and buy far OTM puts at $25.

Enjoy the volatility and juicy premiums.

RIVN is down to $23.86 pre-market.

Downside protection at $23-$25 was a smart move.

Enjoy dollar cost averaging your positions.

Sell covered puts to get your shares even cheaper.

 

[Zeusy Zeus]

I've been bearish on RIVN since IPO. Calling for bearish options strategy since Ford sold out of their position.

Shorting RIVN has been the right move all along.

I am doing just fine on my RIVN trade.

You’re my hero.

 

[MidnightRivian]

You’re my hero.

You’re welcome for the easy gains and for stock commentary.

Make sure to set stop losses on your shorts and hedge with some far OTM calls.

Enjoy the Rivian with gains from shorting Rivian.

 

[Zeusy Zeus]

You’re welcome for the easy gains and for stock commentary.

Make sure to set stop losses on your shorts and hedge with some far OTM calls.

Enjoy the Rivian with gains from shorting Rivian.

I don’t think shorting now would be the play. It definitely seemed smart up at $40-$100 but down here where they’re almost at cash on hand? Doesn’t seem like the right play.

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