I look at thousands of charts per week, and in this insane market, the only non-precious metals related item that appeals to me on the long side is Rivian (RIVN), the electric truck maker. I had decent success with RIVN last year and I re-entered it this morning at $18.90 with a stop at $18.25.
I was compelled to give this stock another go after I read an intriguing article in The Information which pointed out that Rivian’s price/sales ratio was a small fraction of Tesla’s. I think the growth potential for RIVN is, at its modest market cap, far greater than TSLA.
