[eaton53]

But, Rivian is such a well funded company with deep pocketed backers - I feel like they should've held onto it for another year or two.

Yeah, unless they totally fail (unlikely) this is just selling low.

 

[eaton53]

Yea I checked my etrade yesterday and immediately closed it. Oh well.

Look at it again next decade.
I had gold that I put in my safe deposit box and forgot about for 20 years.
Worked out ok in the end.

 

[eaton53]

I know they want it off their books so they can stop reporting it.

They may want it off, but when they sell they are losing money for real.
I know the likes of Ford only care about the next quarter, but yikes.

They're also losing the opportunity to show big profits when Rivian rebounds.

 

[eaton53]

It is, but reporting those massive write-ups and write-downs as the stock price swings is not good.

Well, I'm glad I'm not them. I have no pressure to sell.

 

[eaton53]

Looks like lots of aggressive investors at this site. All my investments are are US Treasury bills, boring, but quite safe.

Not really.
It ain't anything that I can't leave there very long term.
I'm not getting the impression that anyone bet the farm on these guys.