Rivian Automotive Inc (RIVN)

[Noonehasthisusername]

Saw RIVN open yesterday at $120 and thought, I don't want chase, so I set my limit order at $100, got filled when the market tanked. I was worried a bit that it would tank after hours or premarket.... so far soo good!

RIVN popped this hard because of Amazon. Companies follow what Amazon does.

If things go well with Amazon, don't be surprised if FedEx, DHL and UPS line up delivery orders for RIVN trucks. Companies want to be green and will get HUGE tax breaks for doing so.

If things do not go well Amazon will drop them pretty quickly....

This will definitely pull back, and I may add on pullbacks unless RIVN screws it up, but I think Amazon and Ford vetted them pretty well....

By the way, the billions of dollars received via the IPO will probably go to expanding production....

All IMO...

GLTA