$Rivian Automotive, Inc.(RIVN)$

 Shorted Rivian not once, not twice, not thrice but SIX TIMES over two nights. A tight maneuver to execute as I was aware of MMs on the side that might come in to buy up and lead to a reversal, so the shorts were short and sharp. In, plunder, out. 

It was a very sad day for many much younger and financially unsavvy folks. Some wrote to me and asked what they could do as they were enticed by friends to join in the frenzy to take the stock to the moon. When I saw the opening price action, from IPO day, and then how it carried through, reaching such a valuation as to surpass VW, along with its business fundamentals, I knew trouble was brewing. 

Three nights ago, I informed those whom I am closer to that I was about to open my shorts for Rivian, and I did. From the first night it plunged 17% and the second night about 16% too. It was a bloodbath and many were left in tears as those who were in the know literally tore the entire stock apart, and pillaged it till it was left barely hanging on the $120 mark, down from $180. Needless to say, those who were shorting, literally ripped the meat from the bones. 

Market discipline is what it is about. When you get greedy, the market will discipline you. When it comes to the markets, there is no sorry, no I made a mistake, no to the moon, it is merciless, cold and very unforgiving. Only God shows grace!

By the way, correction is not over yet. Volatility still ahead. The market took opportunity to buy up using Biden's bill passing. This won't last. Reversion to mean always comes in.