I know it won't last. Something will break. I am just sure of it. Despite my long term bullishness. But the ride so far since the IPO on Wednesday in my Rivian stock has been fun, jumping from where I bought in at $110.06 per share to closing today at $149.36 per share. Since I bought that's a gain of 35.71%. Normally I'd have taken profits by now, but my plan for Rivian is a long term one, at least 5 years. Again, I know it's going to pull back at some point, at which time it just presents another buying opportunity to accumulate the number of shares I want. But I am enjoying the short term "pump" nonetheless for whatever it is worth. Will I buy into any of the pump? Maybe. I think it's a $1000 stock in five years, so even buying in at $300 would be a steal IMO.
Log in to join in Reading is open to everyone. Replying needs an account.
No comments yet