trez63
Well-Known Member
i believe Ford owned 8% of RIVIAN and they sold all their holdings. At least that what my Morgan Stanley advisor told me today.Ford sold 8%. Not exactly dumping it all out. Today is just classic market psychology combined with overall negative sentiment, maybe a flood of sellers with expiring lockups, and some overall worrying about what happens after earnings get announced. People get in a frenzy to go all in above $150 then don’t know to buy when the stock is $20. If you’ve been trading for a while you’re taking some gains along the way rather than pledging “faith” in the company. I wonder how many of those people are now sitting on losses rather than loading up at a discount.
it seems that you’re saying they sold only 8% of their shares I. RIVIAN which is very different. Are you certain of this? I haven’t had time to do my own fact finding. That’s what I pay MS for … but if you know better please let me know. Thanks
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