$Rivian Automotive, Inc.(RIVN)$ Another down day today.  Seriously, when did it close up last? 9 months ago, I bought in at $12.75 thinking that this was a long term winner. I have gone neutral because, at 67 years old, I have never seen a more manipulated stock and a more predictable one. It cannot sustain a gain and its streak of daily losses after 20-40% gains is always long and frustrating. As I said before, this will be the pattern until production is in the 200,000 range and major news comes.

All the indexes finished up.  Since 12/29/23, Rivian has finished lower every single day except for one day.  I'm afraid the downward spiral is going to gather momentum if the Company doesn't come out and say something about stemming losses

# US Stocks Opportunities

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet