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To: Red Badger
Rivian (RIVN) is $10.16 at the moment, setting a 52 week low. I have stock at $12.85 so need it to recover, at least momentarily, so I can sell without losing. 52-week high was $28.06

Fisker (FSR) is at $0.5286 and has a 52-week low of $0.5212, so not doing great. 52-week high was $7.86.

VinFast (VFS) is at $4.98 and has a 52-week low of $4.59, so not doing great. 52-week high was $93.00.

8 posted on 02/23/2024 7:13:49 AM PST by Reno89519 (If Biden is mentally unfit to stand trial, he is mentally unfit to be president. He needs to resign.)
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To: Reno89519

Sell the Rivian and take the loss and short it to make up the difference. I agree with Elon, it’ll go BK before too long.


23 posted on 02/23/2024 7:38:03 AM PST by BipolarBob (I aim to misbehave.)
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To: Reno89519
VinFast (VFS) - current price $4.98

VinFast (VFS) - 52 week high $93

Oh, my!

At the $93 high, you could have bought one hundred, 12 month, $60 Put Options (10,000 shares - makes money when stock price declines) for a couple thousand dollars!

Close to $550,000 profit, for a minor risk.

Short term federal capital gain tax at 37%. Washington state new cap gain tax is 7%, above $250,000.

Take home pay on that trade - close to $400,000.

Sorry - I am an old man (and former day trader) who still loves to dream.

36 posted on 02/23/2024 9:30:01 AM PST by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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