[R99]

As the Rivian stock started heavily dropping over the past couple of weeks did anyone start selling their shares to cut their losses? Or have you held on to them?

 

[eHauler]

Still holding, I might sell if it breaks below $50

 

[RITVT]

Buying more if we get under 50.

 

[IThinkFreely]

Still holding, I might sell if it breaks below $50

Makes no sense. Buy more. Don't sell.

 

[eHauler]

Makes no sense. Buy more. Don't sell.

Institutions have been projecting it to reach the mid $100 range in a few years.
Short term pain in holding I guess.

 

[IThinkFreely]

Institutions have been projecting it to reach the mid $100 range in a few years.
Short term pain in holding I guess.

Exactly, you only lose money once you sell. They are slow as molasses but Rivian will eventually make some cars worth counting. I bought Tesla at 70...the pain of owning that stock for several years was quickly forgotten once it rocketed. They were a month from going bankrupt less than 5 years ago. So much can change so quickly.

 

[eHauler]

Good to see it rocket up the $70 level yesterday. I wonder if anything in the news played into this move.