@BlackH20: I though you canceled your Rivian order and quit the forum - that was almost 10 months ago, right? Are you back just to troll or try to claim "I told you so"? And what is your strange fascination with how many posts I've made? In case you're wondering, no one missed you ...
O. horridus trolled my every post
Here's how forums work: I get a notice whenever someone responds to me. If that someone says something stupid, I respond. You say a lot of stupid things.
In case you didn't notice, it is YOU who came back from the dead just to attack me - I'm only responding because you quoted my post with an idiotic comment.
So let me respond to your baseless personal attacks. Let's stick with facts.
"You have made a lot of money trading Rivian over the last year.”
Look at your old post, and you lost your can and where you were buying (if you were buying).
S&P 500 12 Month Total Return is 18.86%, compared to 26.29% last month. Over the last twelve months, Rivian is down .50 cents a share in this fantastic market; the only more meaningless thing you did was post 1,407 times, which made you about as much money.
Let's start with this. There's no rule in the stock market that forces you to buy and hold. What I have been doing is buy when I think it is a good deal, then sell when I make enough profit to satisfy me. In the case of Rivian, I bought at the IPO. Everyone who did their research knew it was overpriced at opening, so the value was mostly just typical irrational enthusiasm from Wall Street and speculators. But I bought at $78 anyway since we were limited to just 175 shares so it wasn't much money, and I thought they had a good product (and still do).
I almost sold the first day when it hit something like $106. That's a lot of profit for one day. But I hung on for a while. Once the price almost doubled, I realized there is no way to keep this up so I sold at a huge gain. I later used that money to reinvest when the stock dropped a lot more. My subsequent buys have been less speculative.
In case you aren't paying attention, Rivian is a risky investment and has a lot of swing. By buying the dip (well, DCA around the dip - I can't see the future) then selling when the stock goes up 10% or 20% or 50% or even 100% within a short period of time (which it has done at least a half dozen times since the IPO), I continue to profit. And I'm investing just the money I made from the IPO, so yeah, I basically own several thousand shares at no cost. So while the value of my shares goes up and down, all of that money is pure profit. I've doubled my money several times.
It seems like you also bought the IPO (high) then sold at a loss (low). That's not how you make money. And selling right now, when the stock is at an all time low, is just a way to lock in a loss. If you don't have any faith in the company then don't buy in the first place. If you lose complete faith, then sell before you regret it.
My prediction was dead on; if you want some of your old quotes predicting $50, $60, or $100 a share, and the new plant running in 2024, I will feed them to you. If my prediction were wrong and predicted a big issue in four to six quarters a year ago (which is happening now), show them on the board or close up the pie hole.
Your prediction of what? That they would run out of money in 4 quarters? Is $8B in the bank plus another $1.5B from bonds your idea of running out of money?
I really doubt you can quote me predicting share price, because I don't think of stocks in terms of target price and absolute price - I never have. I think in terms of value and relative pricing. And I can state flat out that I never predicted a share price of $100, because I have never believed it was ever worth that much. Go ahead and quote me IN CONTEXT if you can. If I mentioned price it was for argument's sake either as a hypothetical case or hyperbole - both of which I use quite a bit.
And why did you even post, just to pick a fight? If you don't want other people's opinions then perhaps keep muttering to yourself in private where you won't be contradicted. You didn't have to jump in here - no one asked you.
