Stock picks

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November 14th, 2021 at 3:44:23 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 18210
Quote: DRich
Ford owns 10% of Rivian.


And they used to own 49% of Mazda. All of Jaguar and Land Rover. All of Volvo. Lost money basically on them all.

Long term they are shrinking to just a few markets.
The President is a fink.
November 14th, 2021 at 3:55:48 PM permalink
DRich
Member since: Oct 24, 2012
Threads: 51
Posts: 4967
Quote: AZDuffman
And they used to own 49% of Mazda. All of Jaguar and Land Rover. All of Volvo. Lost money basically on them all.

Long term they are shrinking to just a few markets.

Yes. but they are up about $12 billion in Rivian
At my age a Life In Prison sentence is not much of a detrrent.
November 15th, 2021 at 2:40:17 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 18210
Quote: DRich
Yes. but they are up about $12 billion in Rivian


Which they really cannot cash out. Rivian has yet to sell one car, correct?
The President is a fink.
November 15th, 2021 at 6:26:53 AM permalink
DRich
Member since: Oct 24, 2012
Threads: 51
Posts: 4967
Quote: AZDuffman
Which they really cannot cash out. Rivian has yet to sell one car, correct?


They have sold vehicles, they just haven't produced any. Amazon has already ordered 100,000 vans from them.
At my age a Life In Prison sentence is not much of a detrrent.
November 15th, 2021 at 7:58:53 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 18210
Quote: DRich
They have sold vehicles, they just haven't produced any. Amazon has already ordered 100,000 vans from them.


So they have not sold one. Orders are not sales. Tucker had thousands of orders, only made 49 cars.

I really just do not get these insane valuations for EV makers.

EDIT: Wrote some $20.50 options. $0.23 for 4.5 days. I love covered calls!
The President is a fink.
November 15th, 2021 at 9:42:11 AM permalink
DRich
Member since: Oct 24, 2012
Threads: 51
Posts: 4967
Quote: AZDuffman

I really just do not get these insane valuations for EV makers.



I don't think there is a single person that understands these values. They are just speculative and have nothing to do with reality.

I believe Rivian is now the second highest valued auto manufacturer behind Tesla.
At my age a Life In Prison sentence is not much of a detrrent.
November 15th, 2021 at 10:37:51 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 18210
Quote: DRich
I don't think there is a single person that understands these values. They are just speculative and have nothing to do with reality.

I believe Rivian is now the second highest valued auto manufacturer behind Tesla.


And that is my problem with them. I lived thru the dotcom crash and The Big Short. Now we are in the EV bubble. People think because it is electric cars then valuations do not matter. But I will not bet against a cult. TSLA just keeps getting more and more insane.

I will stick to my covered calls. SNDL is moving again to the point I can make a couple three hundred bucks a week off it. Just made a couple little scores. The rush on doing this is insane.
The President is a fink.
November 15th, 2021 at 10:45:56 AM permalink
JCW09
Member since: Aug 27, 2018
Threads: 12
Posts: 847
deleted
Def. of Liar - "A Person Who Tells Lies" / "I lied. Deal with it" - ams288
November 15th, 2021 at 10:45:56 AM permalink
JCW09
Member since: Aug 27, 2018
Threads: 12
Posts: 847
Quote: kenarman
How many of the investment gurus here managed to catch the Rivian IPO and double their money.

Unless your broker got you in on the IPO, the stock opened at $106 and traded as low as $95 that day.
That was as low as anyone not allocated IPO shares could have bought the stock.
Still it's up 37% from the opening price as of now.
Def. of Liar - "A Person Who Tells Lies" / "I lied. Deal with it" - ams288
January 11th, 2022 at 9:37:19 AM permalink
terapined
Member since: Aug 6, 2014
Threads: 73
Posts: 11791
I just closed my position on GLXZ
Up about 200%
Thanks Soopoo
Watching CNBC right now
They talked me into it
Stefanie Link was talking about selling some stock she profited on and maybe peaked and buying Meta (Facebook)
She made sense to me
I think at 200% up GLXZ has topped out and Meta which I am really into with my oculus 2 will just grow and grow
Sometimes we live no particular way but our own - Grateful Dead "Eyes of the World"
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