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Bloodbath thanks for the feds. Oh well maybe 2025 will be better ????
Dell_Griffith
I guess I have dumb luck at this point!!!! Or is it small luck!
Dell_Griffith: At this point I'm just holding on to my TSLA and AMZN. I might get into GOOG about a week before their split - however the more I hear about their progressive political policies, the more I consider my conscience
You'll probably be right and I'll be wrong, lol - nothing new for me. =)
Don't blame you on the margin issue - volatility in these markets is an understatement.
Dell:I may have made a mistake by selling, but I feel more comfortable lowering my margin. I hope it works out well for you and others on the board. even those who don't trust Musk. haha
Yeah I agree unfortunately we are at their mercy. Good to see some green though after such a nasty start.
Apol9gies, didn't read this the first time, but this TOTALLY proves my point! Thank you!
Wish I could add some insights to that, but I can't. You said it all.
I mean, Tesla is, no doubt, the trailblazer, but Musk almost crashed once before. I think it's coming again. He's just involved in too many things.
Tesla going down solution= announce stock split. It’s crazy to me the p/e Tesla is trading at. Last time I checked it was like 120 times p/e or something ridiculous like that?
Also Rivian major boost today from $26 lows… interesting to see that. Seems like a lot of pumping and dumping.
Have to appreciate honesty. Margin rates, I’m sure, are climbing.
I just don’t trust Musk, though, so hopefully it works out for you, but with the Twitter debacle, Tesla stock price manipulation for him, and his brother’s benefit, I may miss out, but Scaringe is totally committed here.
Now, if only the big players/market makers would stop manipulating the price! =)
HazardouZ: thanks - also part of it is, I want to lower my margin
Cool goodluck with that
Nope, no confusion. And nope, they're not "penny" market-makers, and Rivian isn't a "penny stock," either. =)
Here’s a list of the largest market-makers, though (not sure which ones are involved with Rivian, though) -
https://www.nyse.com/markets/nyse-arca/membership-types
NYSE Arca Equity Lead Market Making Firms -
Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc
Goldman Sachs
Hard to argue against what the NYSE calls them! =)
Check that, clearly GS is a market maker for Rivian, since they executed the Ford trade! Pretty straightforward! =/
And I agree, I don't like Musk, either! Hope you do well with this too! =)
Take care! =)
No "GS" is a brokerage house. They have electronic trading (a bot) and a floor broker in the pit. Sometimes that broker (it could be any of dozens) will become a "specialist" which recently are now referred to as "DMMs" (designated market maker). They aren't Market Makers per se, as in pennystock market makers who short the stock. Their role is quite different. Perhaps this is where the confusion emanated from?
Here's more on the matter. Never too late!
https://www.investopedia.com/terms/d/designated-market-maker-dmm.asp
Goldman Sachs is a “bot”? =) Wow! =) Learn something new every day, lol! =)
Ford should have vetted the Goldman Sachs “bot” before making that trade! Yikes! =)
Sometimes I wonder if Darwinism meant something even less when I read Ford used a “bot” to execute a billion dollar+ trade! =)
https://www.investopedia.com/articles/markets/041315/how-goldman-sachs-makes-its-money.asp
Actually MMs are fully automated bots that trade pennystock junk, therefore nothing nefarious or even human-- most definitely not "bad people" lmao!
These are mere facts however.
There are gigaquads of MM manipulation conspiracy theories available around the net for those wondering why their pennystock account reads zero-- but Darwinism usually makes short work of 'em =)
Agreed, MM’s are VERY BAD PEOPLE! Manipulators! Well said!
GS, DB, CS - they ALL have a hand in it! =).
Remember that article I poster about the biggest market makers and one being Goldman??? Check this out!
https://www.cnbc.com/2022/05/08/ford-is-selling-8-million-rivian-shares-sources-say.html
It's good to know that MMs play no part in a stock market, because the stock market is an actual market where sellers and buyers trade stocks without a hint of any "market making" efforts-- there it is right in the name "Market Maker" (who'd a thunk eh?). That's not to say one's online broker doesn't make a commission. It just means that listed stocks don't need to have market makers selling short an unlisted stock so as to facilitate an orderly market in an otherwise thin field of participants. Market Makers, even in pennystocks, don't make any money shorting the stocks either. Again the market makers facilitates these trades and zeros their accounts monthly so as not to trigger a FTD notice.
Here's more on the matter =)
http://stockmarket101.com
Oh that Barney. What an actor!
Haha I will definitely. Should have bought some more today at 27 then.
My gut says 27. That's where I jumped back in...remind me if I'm wrong, though, lol.
What was up with all that volatility today? What do you guys think is the support level $27? Looking to buy more shares of this tasty stock. 2025 will be a good year.
I agree all valid points your brought up.
We who trade stocks call those companies "brokers"-- because guess what? They ARE brokers. They are also brokers who may from time to time "make a market" for unlisted stocks. My what a grand idea?
I wonder if some pennystocker aficionados called up Wall Street and asked to be bilked on a personal level?
Keep IH posted please =)
Thanks for the anecdote, but the world really is round, and market makers make markets only where there is no market-- although, to your point, this company seems as though it should be on the OTC.
Brilliant summation =)
Lol- Really? I'm nearly certain "MMs" don't "make markets" for listed stocks-- then again I'M really really dense =/
Haha, yes, but when you have a CEO with an MIT background, who devotes all his energies to one place, it helps. Can you tell I’m not a fan of Musk? Clearly, the guy was prescient, and is brilliant, but there’s no denying the assistance he got getting there and he’s certainly been distracted enough by nonsense that he’s created an opening for Rivian.
https://observer.com/2021/06/elon-musk-recall-tesla-2008-financial-crisis-twitter/
Do you think the hire of Klein is intended to look into passenger vehicles? The truck is on the road. I’m sure there are still production issues with the truck, but as I recall, Klein is a “car guy,” not a “truck guy.”
I got hit a bit when I bought in over 100, not terrible, but still lost money. After I saw the truck on the road, though, I bought back in at 27.5. Guess we’ll see where it goes - UP! Haha.
Yes, very impressive and futuristic front end and lights.
Should start to see a lot more on the roads as they ramp up Production.
Sure looks a heck of a lot better than the Tesla Cybertruck Prototype which keeps getting tweaked and delayed.
Yeah, it was impressive, right?
I thought the headlamps, in photos, looked a little weird, but then seeing it on the road, it was “futuristic,” but it actually looked really good. It didn’t look like it handled like a typical pickup, either; more like a car.
I figured that, at these prices (got back in at 27), it was worth it. I bought in at 147 the first time around and got caught up in the hype and lost a little, but with Musk jerking around with Twitter and getting caught up in the political nonsense, the opportunity seemed ripe for Rivian and Scaringe. And the Klein hire doesn’t hurt, either. Good luck - to all of us owning it.
Saw my first Rivian Pickup tonight on the Mass. Pike.
Pretty cool vehicle to see in person.
Market makers - the pond scum of the financial markets, lol.
I’m not a politico, but I don’t know that the rate hikes are unnecessary. I mean, we haven’t seen something like this in an awfully long time - maybe never, when you consider a major oil supplier (Russia) is hit with sanctions, so that the rest of the world has constrained supply to an economic necessary and the pandemic, which forced workers away from manufacturing in China and halted supply. It’s a perfect storm for inflation, but hey, if it means more people will be buying electric vehicles, or Rivians, it’s all good, haha.
Not so sure on Musk. He’s already been close to a breakdown once. Not being antagonistic, but how many CEO’s do you know, with as much on the plate as he has, while also getting involved in antagonistic, petty politics? You can have as many quality people under you as you can, but eventually, they get sick of the nonsense, let alone the stress he has to deal with. Bezos was out because he had enough, Jack Dorsey, same thing. I honestly thing it’s a matter of time with Musk, whether he sheds some responsibilities, backs off from the petty stuff, or just cracks. Honestly, hate to say it, but I think it’s going to be the latter of the 3. He’s cracked before. It’s tough juggling all he’s juggling.
R1T deliveries are buzzing big time in the social media RIVIAN groups I’m in.
R1S- not so much.
Some people , ordered after FEB 2022 and have already taken deliveries of their R1Ts!
I have an R1S order from late summer 2021- my forecast delivery is beginning of 2023…. However I’ve contacted them more than once, and told them I’ll take whatever they have… if I can get the SUV quicker!
Original order -
R1S Quad motor, 300+ mile range,
Exterior- El Cap w/ 22s
Interior- Forest Edge.
Off-road undercarriage protector option
No extra accessories at this time.
Oh can you explain? Not really sure what you’re talking about. Can’t see how anyone can ask so much from a stock trading at these levels. Just people messing around?
Yeah I hear you but Musk will be fine. He’s the richest man for a reason. He’s connected and he has people under him managing everything. He has a loyal army under him which is how he’s able to manipulate markets and what not so freely. Feds will tank market tomorrow in their surprise meeting. I feel like that’s the name of the game right now. Anytime there’s any kind of bull momentum feds come and tank it. They must really hate Biden or something because they’re not patient whatsoever with these rate hikes.
The next 12 months will say a lot. The hype was too much, but I like what I see of Scaringe. He attracted major investors and he’s not into the Musky drama.
Musk will end up being his own worst enemy - his brother on the BofD and dumping before Elon makes his own sales plans public, feuding with idiot politicos, Twitter BS, etc., etc., etc. He’s a publicity hound. That’s not exactly a great trait for a CEO when the publicity is centered around him. As competition increases, and he continues to lack focus, it won’t play out well, although he’s clearly also connected politically and taking care of who he needs to take care of.
Haha, yeah I saw that. It actually happens relatively often with companies in this stage, although that’s pretty drastic. I’m in one where the bid/ask is often a $100.00 spread - 250/350.
Who’s asking that? Lol not a chance.
Not really sure but rumor has it since Mwangi is a EVP he would have to answer to Frank being the VP and his ego couldn’t take that. Either way Frank seems like a good fit. Hopefully he can really turn around this company and their issues. ????
Bid $ 31.44
Ask $170.00
Wow that's amazing
Mwangi ever work with Klein? Was wondering how they new each other. Still interesting Klein left Magna for Rivian.
Nvm I created an account and read it yeah basically what I had already read. Thanks though.
I can’t read that autonews article I don’t have a subscription…
That was Charly mwangi’s fault? ?? Frank is a solid pickup and I heard rumors that Charly just doesn’t get along with him and doesn’t want to report to him considering he’s EVP and Frank would be VP. ???????
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