Cramer issues a sell on Rivian stock

[Tahoe Man]

This was from his show today.

Good news though. Given his track record, this thing could rocket higher.

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[COdogman]

I wouldn’t let Cramer pick what brand of potato chips I buy, let alone a stock to buy or sell.

 

[brancky3]

Very bullish!

 

[VSG]

Analyst consensus on RIVN (18 firms tracking) is still a buy.
Analyst consensus about Cramer is ... probably unprintable.

 

[Prime]

I’ve often heard do the opposite of what Cramer recommends and you’ll be financially in a better place. YMMV

 

[Dark-Fx]

Time to buy.

 

[mikehmb]

Cramer says sell: so, clearly time to buy more.

 

[SANZC02]

I’m holding mine, committed to 5 years when I purchased it not doing anything before that.

Just for grins picked up 200 shares of Lucid today. It’s pretty cheap and with the Saudi government committing to purchase between 50k and 100k vehicles in the next 10 years gives them a little bit of a lifeline. I’ll throw that in my 5 year folder As well.

 

[AdamsFan1983]

Yolo-ing RIVN tomorrow morning.

 

[Rivdog]

Lots of Rivian stock was just dumped last month for capital loss harvesting. It was a great stock to harvest losses with if purchased in the first quarter of 2022 or earlier. Now is a fantastic time to buy.

 

[lmr]

Lots of Rivian stock was just dumped last month for capital loss harvesting. It was a great stock to harvest losses with if purchased in the first quarter of 2022 or earlier. Now is a fantastic time to buy.

I dumped my RIVN IPO acquisitions for this exact reason, and am just about ready to buy back in again for more volume.

 

[Dark-Fx]

We've gotta be approaching cash value of their shares, right? $13 billionish cash on hand, how many shares issued?

880M something outstanding.

 

[jjswan33]

We've gotta be approaching cash value of their shares, right? $13 billionish cash on hand, how many shares issued?

 

[skigramps]

Cramer says sell: so, clearly time to buy more.

 

[Kuro-Rivian]

An inverse Cramer ETF will be launching in 2023. Ie a anti Cramer fund. Ticker will be SJIM and do the opposite of whatever Cramer recommends on his show. Will be managed by same fund manager that launched a fund to do the opposite of Kathleen Wood's ark fund. That fund was SARK was up 46% last year.

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