I'm not a financial guy, but......never buy based on emotions. We all want rivian to succeed, and I think they will. But all stocks are risks, they could certainly fail. As always, it's a risk.
Just bought a total of around 1000 shares - if it falls - I will blame you. Haha. Just kidding. I did buy around 1000 shares. Fingers crossed. I will hold it for years to come.
Good luck! 🤣 Personally, I would sell after the reveal (if the price is up like I expect) and then buy again for the long term after the price settles into the teens again. There probably won't be any big news to help the price unless and until they make a gross margin profit in Q4 2024 like RJ is saying they should. But again, as I said, I'm not giving financial advice. Just saying what I would do if I could. 🙂
I think it still has a major collapse in stock price as current market for car sales is extremely bad. Major repossessions and many cars at auction are NOT selling. Maybe buy when stock price is $3?
I really don't see the price collapsing like that. I see this as an overreaction and it returning back to at least the $15 mark, and maybe up to $22 or so after the R2S reveal event.
Sorry to be honest but, rivian wasted all their money on unnecessary crap like fancy offices, too many staff, best tooling from Germany. Only a fool starts a business this way.. Same fate for goev, lucid, polestar & faraday. They're all over unfortunately.
Rivian has not made a profit since it was established. Burning through its cash (capital) without a profitable quarter at all…… that’s why it has no P/E ratio. The EV market is softening and consumer demand is driving the sector. Buying this stock at this point is pure speculation, not investing. This company has no intrinsic value, just speculation on what it might become. I’d say take your money and go to a casino instead. Just my two cents.
I'm not a financial guy, but......never buy based on emotions. We all want rivian to succeed, and I think they will. But all stocks are risks, they could certainly fail. As always, it's a risk.
Thank you very much for the tip, I will go short on this one.
Just bought a total of around 1000 shares - if it falls - I will blame you. Haha. Just kidding. I did buy around 1000 shares. Fingers crossed. I will hold it for years to come.
Good luck! 🤣
Personally, I would sell after the reveal (if the price is up like I expect) and then buy again for the long term after the price settles into the teens again.
There probably won't be any big news to help the price unless and until they make a gross margin profit in Q4 2024 like RJ is saying they should.
But again, as I said, I'm not giving financial advice. Just saying what I would do if I could. 🙂
I think it still has a major collapse in stock price as current market for car sales is extremely bad. Major repossessions and many cars at auction are NOT selling. Maybe buy when stock price is $3?
I really don't see the price collapsing like that. I see this as an overreaction and it returning back to at least the $15 mark, and maybe up to $22 or so after the R2S reveal event.
I would only buy for a swing. But I have more trust in Nissan. Atleast I am getting a dividend.
I have a friend who makes out pretty well with dividend stocks. Good strategy for getting value from share holdings.
Sorry to be honest but, rivian wasted all their money on unnecessary crap like fancy offices, too many staff, best tooling from Germany. Only a fool starts a business this way.. Same fate for goev, lucid, polestar & faraday. They're all over unfortunately.
Rivian has not made a profit since it was established. Burning through its cash (capital) without a profitable quarter at all…… that’s why it has no P/E ratio. The EV market is softening and consumer demand is driving the sector. Buying this stock at this point is pure speculation, not investing. This company has no intrinsic value, just speculation on what it might become. I’d say take your money and go to a casino instead. Just my two cents.
No lol