LetsgoRIVN
Well-Known Member
Beautiful start of the week, hope this is really the start of the bull run for Rivian !!
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Was I right or was I right???Good Morning Shorts and Stock Bashers. I hope your Memorial day weekend is going well.
While the world sleeps and USA takes the day off for Memorial day. Heavily shorted stocks being traded today in Europe which have finally completed their turnaround to profitability similar to how Rivian is working towards profitability are going up 20% - 30% overnight.
What I am trying to tell you is its about time in the market and not trying to time the market.
When Rivian shorts start to close, you will see prices jump 10% - 20% in a blink of an eye as the market maker begins to hedge options that go in the money as shorts begin to close.
This delta hedging will push the Rivian price up similar to how you're seeing GME become volatile as options trigger gamma and delta hedging.
My plan is to buy a bunch of $10 RIVN LEAPS CALL Options over the next 3 - 6 months.
TL;DR - Dollar Cost Average business as usual into Rivian and watch it pop 15% - 25% overnight as shorts see the profitability writing on the wall to begin closing their positions.
Use GME stock movement which is heavily shorted around 20% to see what Rivian stock will do as profitability occurs.
In 1 month GME has moved up 100%.
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Looks like it didn’t.Hopefully the after-hours momentum comes back this morning at the bell. I‘m still holding.
Algos control everything. Anyways Dan Ives just gave RIVN a $20 PT this morning, so that’s going the right direction.Give it time… plenty of folks are doing some profit taking on the ascent. Plenty more news to get through in 2024 (upside AND down). I’m holding till at least 2028.