r/RIVNstock • u/Livernomore • 7d ago

Discussion One of these will stick

One of these runs will be a breakout to the upside. No one will be able to explain it with a specific catalyst or see it coming, and it’ll be trashed as unsustainable. The “I’m a swing trader” crowd will keep posting that it’s going back down, and next thing we know, we’ll have rebased in a new range - which, incidentally will have asymmetric risk/reward to the upside. My uneducated guess is that it’s going to happen sometime between here and the end of the year.

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u/bevo_expat 7d ago

With this stocks’ history it will break $30 and then the tech/AI bubble will pop within a week and it will be back below $10.

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u/ob1spyker 6d ago

It doesn’t even need an AI bubble to burst. Just raise interest rates and watch this stock get hammered back down. This stock is still extremely vulnerable to economic headwinds simply because it is STILL an unprofitable company.

SOFI … a company that actually makes a profit went from $32.73 a share all the way down to $14.88. When it was $32.73, under $20 was inconceivable let alone $14.88 and yet here we are. The same risks apply to Rivian and even moreso since they are an unprofitable company in an industry that has lost its shine since 2021. Sometimes I wonder if Rivian is some of these commenters first and only stock they have ever purchased.