Rivian Reversal

Managing Partner at Tim Knight Organization • Jan 3, 2026 at 2:15 AM EST

Went long Rivian, saw early gains near 4%, tightened the stop, but fading strength triggered a stop-out for a flat trade. With the position closed, I’m back to a fully bearish stance.

White and Orange Gasoline Nozzle

Image Source: Pexels

My one and only long is gone. I came into the day long Rivian (RIVN), and it was up nicely (about 4%). I tightened up my stop from 18.25 to 19.25 and even considered buying more (I did not). However, the strength faded, and I got stopped out for a wash trade. Oh, well. I’m an unadulterated bear again.