is…out the door and not looking back…
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No, seriously, your info was exactly the point I was making. Thanks again!
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.
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.
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! =)
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! =)
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
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
My gut says 27. That's where I jumped back in...remind me if I'm wrong, though, lol.
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.
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.
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.
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.
Mwangi ever work with Klein? Was wondering how they new each other. Still interesting Klein left Magna for Rivian.
"Quit" is a relative term because this internal memo says otherwise. Who the heck leaks these things, anyway?
https://www.autonews.com/executives/rivian-manufacturing-chief-departs-management-shuffle-reorganization
The price hikes, on signed deals, was a major screw-up and that's on Mwangi. Klein is a solid hire, though, and his previous employer never saw this coming.
Time will tell...
Once Scaringe brought Klein in, shit just got serious, lol. That was Musk’s “warning” - production, but with Klein, they more than filled the void.
I was in at 140 and took a little hit moving out at 125, but after I saw one on the road - for the first time - and was impressed, while also considering how this stock got hammered, Musk’s Twitter distraction, and the Klein hire, it’s looking more promising.
The new COO was a great addition. And his prior employer thought he was totally locked in with them. They didn’t see it coming at all.
I bought back in again at 27. We’ll see, but Musk is starting to spread himself really thin, which is not good for Tesla, but is good for competitors. Scaringe is totally dedicated to Rivian. Musk is not totally dedicated to Tesla.
She had given him numerous massages, but this time he "saluted" her. He shouldn't have paid out if the allegations were false. I dont care that it was "only" 250k. If he didn't do it, he's got billions to prevent anyone from damaging his reputation, but we all know why he paid out. He wanted to keep it under wraps (pun intended) because that's who he is. I wonder how many other payouts there were as hush money.
He's got to get his head on straight. Competition is coming. I think Tesla is a great company, but he has to get his shit together. He's got too much on his plate. Forget the Twitter garbage and focus on what he's good at - Tesla, SpaceX, solar. That's PLENTY for ANYONE.
This should be up more.
Yeah, I saw that. I moved out of it about a month or so now. Win some, lose some. MS is probably right about playing the “long game.” I played Ford, too, and that’s more than made up for it. Good luck.
True, but why is he then openly advertising the trademark there and speaking of the Company?
Who wants to try TC - only to likely not get a response? If the video is pulled, there is a (possible) conclusion that could be drawn. If it stays, there is another (possible) conclusion to be drawn. Yeah, can’t really conclude anything either way, but for this guy is taking his efforts to promote LQMT, in what seems like a violation of trademark AND the territoriality provisions.
I think there might be a provision in the territoriality agreements that leaves open changes in territory. And if it’s already in there, it wouldn’t necessarily require an 8-K disclosure.
Yes, because the U.S. financial markets are all about “ethics.” I’ve always thought that, too, that when it comes to altruism, generosity, empathy, and kindness, I always think how our financial markets are just one big, happy, hug fest led by people like Carl Icahn, George Soros, Bill Ackman, and, of course, the U.S. deal with the Chinese government to produce product “cheaply,” since 2000 or so.
If we end up making loads of money off LQMT, then something nefarious comes out, should everyone return their gains to the Dept of Justice, less taxes paid, of course, and/or donate the remaining proceeds to charity? I’ll pass, lol.
Thank you, I needed to read that! Lol.
Hey, I knew I was playing with fire here, but I’m going to hang in. The players in this may end up second to Tesla, but I can’t see them finishing much worse than second.
Going to be a bumpy ride, regardless. The analysts’ opinions on this should help when they’re permitted to comment.
When do you think one of the "analysts" will set a $300.00 price target, but making sure their people buy before the rec? Lol.
I saw Lucid got 2 buys and a sell recs. I think they have to wait 25-30 days before covering an IPO, whereas LCID was a "merger," which enabled the analyst coverage from the start.
I'm down a bit, but so is volume, which possibly means the flippers and those getting hit are dumping, but many appear to be holding tight based on volume.
You’re right.
Yeah, I didn’t buy a dip - should have. I’m in the hole now, but Long and riding this more than bumpy ride out.
Long ago, a smart client told me, “Stick to what you know, kid.” I usually listen and it works. This is a little off from what I “know.” I’m used to volatility, but this one is a pretty big game play.
This is spot on. Wish I had said that, lol.
And don’t forget manipulation by the hedge funds. Too many people in government from Goldman Sachs and other financial institutions. Just look at what they did to Nvidia yesterday to shake weak hands. Tesla has had that happen to it and if RIVN is able to build out and sell, they’ll be subject to that, too, just like pretty much every stock the funds like to play games with.
That’s wild. Thanks.