@Porwest 7 May 2022 more from that month

Over the short span of time since the IPO of EV automaker Rivian, it has been an interesting ride so far. But I am still long Rivian, and one thing I am seeing is a good indicator to me of it's truer current valuation. Stabilization of its stock price. It has been hovering around about $29-$35 per share for some time, and so it at least gives me a good idea of where its support and resistance levels are, which is important as I make future decisions to DCA down on my current holdings. Of all of the EV companies out there, aside from traditional automakers getting into the game, I still think Rivian stands above the others with the best future potential. I invested in Rivian mainly because it is a CAR company. All the others are really TECH companies. And while there is nothing wrong with tech of course, when it comes to cars the driving experience is still key to attract the highest number of buyers. In other words, more people will buy cars than will buy the technology of EV, and so long as Rivian is selling vehicles that offer both the technology AND the driving experience... I believe it is best poised to win the race in the EV space over Tesla, Nikola and others. Plus, the company has strong backing from Ford and Amazon. https://read.cash/@Porwest/i-am-still-long-rivian-de83da75