[lisabill]

Did I buy the dip? No. As stated earlier in another conversation, I'm holding out for 50 or lower. It may not get that low in which case I will never own Rivian stock. But then again, I won't lose any money by buying too high. (Half of winning on Wall Street is successfully avoiding loses.)

My personal feeling is that Rivian stock is still overvalued and will resume its decline in the near future.

Note that the 135 million shares in the IPO went at $78. There are at least 718 million other shares outstanding, and their owners only paid an average of $14.91 per share. (And these shares will be eligible for sale when the lock-up period ends. See page 82 at https://www.sec.gov/Archives/edgar/data/1874178/000119312521321716/d157488ds1a.htm#toc157488_8 ) If these stockholders sell at $50 per share, they will have still more than tripled their money on their investment.

 

[JimmyEV]

Did I buy the dip? No. As stated earlier in another conversation, I'm holding out for 50 or lower. It may not get that low in which case I will never own Rivian stock. But then again, I won't lose any money by buying too high. (Half of winning on Wall Street is successfully avoiding loses.)

My personal feeling is that Rivian stock is still overvalued and will resume its decline in the near future.

Note that the 135 million shares in the IPO went at $78. There are at least 718 million other shares outstanding, and their owners only paid an average of $14.91 per share. (And these shares will be eligible for sale when the lock-up period ends. See page 82 at https://www.sec.gov/Archives/edgar/data/1874178/000119312521321716/d157488ds1a.htm#toc157488_8 ) If these stockholders sell at $50 per share, they will have still more than tripled their money on their investment.

I came close to buying the dip but cooler heads prevail. I'm like you and I think it's going to drop a bit lower than where it is right now. Maybe not $50 but I think the way production is right now is going to turn more people away from rivian.

 

[eHauler]

Did I buy the dip? No. As stated earlier in another conversation, I'm holding out for 50 or lower. It may not get that low in which case I will never own Rivian stock. But then again, I won't lose any money by buying too high. (Half of winning on Wall Street is successfully avoiding loses.)

My personal feeling is that Rivian stock is still overvalued and will resume its decline in the near future.

Note that the 135 million shares in the IPO went at $78. There are at least 718 million other shares outstanding, and their owners only paid an average of $14.91 per share. (And these shares will be eligible for sale when the lock-up period ends. See page 82 at https://www.sec.gov/Archives/edgar/data/1874178/000119312521321716/d157488ds1a.htm#toc157488_8 ) If these stockholders sell at $50 per share, they will have still more than tripled their money on their investment.

Very good call and digging to find that info, waiting to take the buy side of their sells should help to move into profit MUCH sooner.
Will you be going in with bigger size at/around that price or dividing it up via dollar-cost averaging?

 

[eHauler]

Great to see that today the stock closed just over a dollar less than the high formed earlier in the day.

BUT, of course...

 

[lisabill]

Very good call and digging to find that info, waiting to take the buy side of their sells should help to move into profit MUCH sooner.
Will you be going in with bigger size at/around that price or dividing it up via dollar-cost averaging?

I haven't bought any Rivian yet and think it may take several months for the initial enthusiasm to wear off. I tentatively am planning to buy 20,000 shares, but only if I see something that would indicate Rivian stock is undervalued. My generalized target range is 45 to 50, but this is just a general target. Meanwhile I don't have any plans to change my other holdings.

 

[bumper]

Stay away from Rivian!

 

[eHauler]

Did not expect to see it drop to $70, this is a record low.

 

[Eticket99]

Hoping to get some dirt cheap shares in the $30s... wait till earnings comes out and they show another target missed in terms of deliveries.

Did not expect to see it drop to $70, this is a record low.
View attachment 4431

 

[eHauler]

Hoping to get some dirt cheap shares in the $30s... wait till earnings comes out and they show another target missed in terms of deliveries.

Good point, those calls and quarterly results are critical.
I just checked again and it dipped some more. Thankfully I have no money on the line.

 

[JGard]

Crap, I got in at IPO and was VERY tempted to sell when it spiked around $175, but held on because I'm thinking long-term here. But still, pains me to see this large decrease right now. Oh well, I'm not in this for a huge amount of money, anyway

 

[Eticket99]

All time low --> start an entry into this in the $50s, if it goes lower cost-average down --> then hold 10 years and retire... If I can't get my R1T I might as well make money on other people getting their truck. Anything less than 26/R1Ts a day avg (amount they had at the EOY, last 2 weeks) come March, this will tank even more.

 

[bumper]

My
guess is that it could recover a bit closer to $70. I would sell it again there targeting $10 in 1-year time.

 

[lisabill]

If you can get 70, my take would be to take it. I'm expecting a very severe decline in the general market over the next two months. (I'm withdrawing my 45 to 50 target price for Rivian as I now think 45 won't hold.)

 

[eHauler]

It dipped to a low of $61.24 before closing at $64.51

 

[bumper]

I told you all this would happen. Feeling sad though.

 

[lisabill]

All of a sudden I'm getting technical signals that indicate a further market (and Rivian) decline is less likely at this time. Might be a good time to start nibbling a little.

 

[sciencegeek]

All of a sudden I'm getting technical signals that indicate a further market (and Rivian) decline is less likely at this time. Might be a good time to start nibbling a little.

calling bs. what could you possibly know unless you're an insider trader?

 

[bumper]

Maybe some temp relief in markets after the Fed meeting, but fundamentelly this company is crap. One of the biggest failed IPO, ever.

 

[RITVT]

One of the biggest failed IPO, ever.

Well.... Except for that little fact that is the actual amount of $$$ raised by RIVN for the IPO.
Downward pressure on the markets, and even recent reaction to RIVN news and earnings don't make it the "biggest failed IPO" ever.
Quite the contrary.
An IPO is generally considered rather successful when the raise = $12BN USD for the company.
How many other IPO's have raised $12BN USD?
Your mileage may vary as an individual investor trading RIVN stock, but that doesn't change the above.
Stocks are generally not measured as being failures after trading on a public exchange for a couple of months.
Could the company fail? Absolutely!
Doesn't change the fact that RIVN bankrolled $12BN USD.