PLTR

[CLdrinker]

Next earnings will be a big big deal. If we don’t hold this price I think damn near everyone takes profits and runs.

 

[Xring01]

Oh there will be bumps in the road. I’m struggling with when to sell. Like I have said this is my kids account and I have already hit my goal that I had planned to take 5-10yrs to accomplish. So do I cash out and take the win. Or do I lit it ride and hope for life changing money.

Many many many many many years ago….. (I have shared this story once before on RDP)…..

I guy that I knew (he passed away years ago)…. His first born kid, he invested $10,000 in the kids educational account, to a new company called Apple… Roughly 2 years later, the second son was born… he repeated this again…

18 years later…. The the first kid was worth millions…. And the 16 year old had $2M less than his older brother but still worth millions, due to the timing of the initial investments.

Will PLTR be Apple… I doubt it, can it run alot higher over the years, I believe it can. My question to you. What happens if it miss’s earnings and pulls back to $42???? How confident will you be then…???

I watched PLTR go from mid $20’s down into the low teens and stay there for a long time and in the last 3-6 months it finally took off. My initial investment on it dropped close to 50% on the low point. Yes I questioned myself many times during that timeframe. Today I look pretty good for holding it…thru those tough times…

There are always “Hype“ stocks in the market, which can truly go bonkers….
Is PLTR the new Hype stock that Wallstreet has fallen in love with. Is it TSLA? AMZN? GOOG? NFLX????? If so, then it can run for years as long as it “DESTROYS QTRLY EARNINGS“ every QTR for years… if it doesnt, then it will get crushed by Wallstreet… Like Peloton and Zoom….

Bottom line: Only you can make the decisions thats best for your family and manage those risks accordingly.

Because you made the statement that the account has met your 10 year goals. Then I would cash out 30-50% of the PLTR holdings and re invest those profits in SP500 type of investment… Hold the remaining position of PLTR and see waht if does and make decisions as future info come out…

Obviously some investors like C-Ya, may have the exact opposite advice… What works for some does not work for all…

For now, I am still bullish on the markets overall… The moment that changes….. EVERYTHING CHANGES IN MY STRATEGY’s…

 

[DoughBallin14]

Hold for me ill add when/if it falls. I cant complain yet i trimmed 50% at $63ish my cost average is $9.35 currently sitting with 20 shares left over.

Wish i had more money at the time when i purchased. Added to it when i profited on some calls or puts over the years.
Long term for me now

 

[CLdrinker]

I might sell $5k worth here next year and let the remaining 10k ride for the next 5-10yrs

 

[coolchange]

My posts, prior to the article just posted, pretty much add’s credence to my thoughts on “bubble” or going to high to fast and the 400 PE Ratio I mentioned.

I will probably trim my PLTR position (30%) in my trading account, and thinking I will just hold my PLTR position (70%) in my retirement account. I will not get into all the reasons why one over the other, note I have key reasons.

As I have mentioned on many investment threads. I wake up and read Yahoo finance every AM, on the positions I hold and the positions I am interested in. So I read alot of investment articles.

The one posted above is just one article. There are others that analysts are revising their forecast to $75 On PLTR.
As I have mentioned, if your going to own individual stocks then you need to perform your due diligence on the positions you hold and read, read read… If not, then your may get your ass handed to you.

Because I brought up PLTR many years ago and the reasons why I was buying it… Is the reason why I am telling you guys that I am taking about 30% of my holding as profits. Yes, I will have to pay tax’s on those profits. This account has different strategy than my other account, which is why I am holding the 70% in the “Retirement account” FOR NOW….

Yes PLTR has me nervous. I personally see more short term down side risk than upside risk. WHY, Because its way over priced for the income/profits its generating. I am taking some profits, letting the rest run… IN MY LONG TERM ACCOUNT… LONG TERM IS THE KEY TAKEAWAY… I will sell the shares in the trading account, because it has short term strategy… SHORT TERM ACCOUNT.

I am not advising you on what to do with your holdings. I am just sharing what I am doing and the reasons why It makes sense to me… and MY STRATEGY’s for those accounts.

Always interested in other peoples takes.

 

[Orange Juice]

I’m still riding my original 100 shares. Also played 5 contracts on $50 calls, and got another $1000 before I sold them.

When I bought my 100 shares at $25, the price dropped about 20% the next few days. You got to be able to ride out those dips. PLTR’s in the AI pipeline, and should be around for a long time. I have no plans on selling my shares.

 

[CLdrinker]

C’mon baby let’s close above $67

 

[CLdrinker]

 

[CLdrinker]

Listen to this old interview from
Alex. Listen to his passion. He still says the same thing. He simply wants to be the best and he believes that by being the best the money will come.

 

[CLdrinker]

Q3 2024 | Letter to Shareholders

Read a letter from the Chief Executive Officer in advance of our Q3 2024 results.

www.palantir.com

 

[CLdrinker]

@Xring01 Now this has me rethinking my hold no matter what strategy.

 

[CLdrinker]

$71

 

[Xring01]

$71

Watch it every day…. Never got around to selling that 30%…

Stonks are awesome.

Update: Literally just took 15% off the table… Sold @ $71.26…. Nice….. Holding 85%.

 

[CLdrinker]

Watch it every day…. Never got around to selling that 30%…

Stonks are awesome.

Update: Literally just took 15% off the table… Sold @ $71.26…. Nice….. Holding 85%.

Got real close to selling 75 share at 68 yesterday. But realized I would have to pay taxes on it in a few months but if I wait a couple weeks I won’t have to pay taxes for a year.

To the moon!!

 

[Xring01]

Got real close to selling 75 share at 68 yesterday. But realized I would have to pay taxes on it in a few months but if I wait a couple weeks I won’t have to pay taxes for a year.

To the moon!!

The account I sold in is an older IRA account, so no taxs on it

My cash account is the one I want to trim some holdings on… but like you, taxs are slowing me down… but if it hold this level till mext year, then I will trim another 15% in that account.

Again, any major red flags, I will sell it all in a blink.

Profits are not profits, until you sell.

 

[CLdrinker]

The account I sold in is an older IRA account, so no taxs on it

My cash account is the one I want to trim some holdings on… but like you, taxs are slowing me down… but if it hold this level till mext year, then I will trim another 15% in that account.

Again, any major red flags, I will sell it all in a blink.

Profits are not profits, until you sell.

I agree 1 hint of bad news and this thing falls off a cliff. Everyone is way into profits at this point. So I’m sure we are all thinking similar

 

[C-Ya]

Copied and pasted

This is why it’s gone up……. (Copied)

Shares of AI Service company Palantir (PLTR) jumped more than 5% on Tuesday to close at new all-time highs. The software company primarily serves the intelligence community, military, and government along with larger private sector companies.

Last week, Palantir switched exchanges to the NASDAQ from the New York Stock Exchange (NYSE) to the NASDAQ. The move was announced weeks ago following the company’s latest earnings report in early November.

For its most recent quarter, Palantir beat analyst expectations for both revenue and earnings per share. The company grew quarterly revenue by more than 30% compared to the same period in 2023.

Palantir’s move to the NASDAQ now fuels speculation that the company’s stock will be added to the Nasdaq 100 Index.

This speculation is driven by the company's significant market cap and the shift to a stock exchange that often includes high-growth technology companies.

The Nasdaq 100 is comprised of the 100 largest non-financial companies listed on the NASDAQ exchange. At its current market capitalization, Palantir ranks as the 23 largest technology company listed on the exchange.

There has been no announcement of the company’s addition to the Nasdaq 100 Index, but the move to NASDAQ certainly positions Palantir favorably for potential inclusion in the Nasdaq 100 Index, which could further enhance its visibility and attract additional investor interest.



Here are some predictions……….. (copied)

From a short-term perspective, shares have been trading in an overbought situation according to the stock’s RSI indicator.

Normally, a stock will make a “healthy correction” from similar overbought readings, but speculation on the stock’s inclusion in the Nasdaq 100 continues to attract buyers even at these lofty prices.

Investors should expect that some selling pressure will come in the form of short-term profit-taking before year-end. However, any weakness in Palantir will certainly be met with additional buyers as long-term investors are likely to be waiting for an opportunity to buy Palantir stock on a dip.

Palantir shares maintain a long-term bullish rating with a price target of $100

 

[C-Ya]

I am holding based on the above.

C’mon $100

 

[Xring01]

I agree it will hit $100 in the future, but thats very vague….

What really concerns me at this stage is a PE Ratio over 350… which is crazy high, even for a spec stonk.

One think about Wallstreet, they are the experts at pump and dump.

I am watching closely and stand by my earlier posts on my plan.

 

[Xring01]

I agree 1 hint of bad news and this thing falls off a cliff. Everyone is way into profits at this point. So I’m sure we are all thinking similar

Thats when its a great idea to reload, after a major drop.

 

[CLdrinker]

Listen to who they work with

 

[Orange Juice]

I agree it will hit $100 in the future, but thats very vague….

What really concerns me at this stage is a PE Ratio over 350… which is crazy high, even for a spec stonk.

One think about Wallstreet, they are the experts at pump and dump.

I am watching closely and stand by my earlier posts on my plan.

Every successful company in the next 10 years will be running on someone’s brand of AI, with the goal of finding cost savings.

Today, an employee is tracked the entire day. It’s not hard for a supercomputer to find waste, or a lazy/Hazardous employee. Even HR has gone AI, picking the candidates for a position, better than trained employees.

 

[Xring01]

Every successful company in the next 10 years will be running on someone’s brand of AI, with the goal of finding cost savings.

Today, an employee is tracked the entire day. It’s not hard for a supercomputer to find waste, or a lazy/Hazardous employee. Even HR has gone AI, picking the candidates for a position, better than trained employees.

As an investor, do you think that PLTR will become a $2-$3Trillion company in 4-5 years?
Thats the question, that determines if its over valued, or under valued at todays price. As we forecast the into the future, it must have a massive growth rate, to justify todays price.

Beyond a shadow of a doubt, Wallstreet has very high expectations for PLTR, because it has a 350 ish PE Ratio.

Which very few company’s have pulled off in the past. If my memory is correct GOOG, AMZN where getting over 400 PE ratios in their initial run ups…

The reason I am bringing this up, is to put some context in my previous posts. PLTR is higher risk play at the moment. A key reason why I pulled 15% out. What I did not share. Is that 15% that I sold is roughly 50% of my initial investment. When I sell another 15%, I will have recouped over 100% of my initial investment, and the rest is literally playing on house money….. When I am playing on house money, I tend to be alot more aggressive and willing to take on a bit more risk.

As I mentioned before. Wallstreet has huge expectations for PLTR. Which as others have stated, one major mistake that stock price will drop like a rock. Which makes it a higher risk investment.

But if PLTR continues to hit Qtrly earnings and meet expectations, for a several years, the sky is the limit, and it actually could be larger than AMZN, GOOG, AAPL etc. Unless the competition starts eating into their future earnings. ?????

So thats the context of how I think as an investor of PLTR, who has been investing in it since CV or right before. I first started day trading it, and the more I learned about it, I bought it in my long term account, shortly after that, my initial investment was 50% of what I paid… yep, it dropped that much. But as you guy will see in the past posts on RDP, CLDrinker and I posted many times over the years.. “Still Holding”…

Why am I bringing that up, to show that it takes patience sometimes. You really start questioning your self when you investment is worth half of what you put in. The good news is: I did my homework and stood behind my decision, and rode it out. Today I look like a great investor… Trust me… when you down 50%, every instinct is to sell it, admit your where wrong, and move on… Its very difficult to fight that instinct. Thats why you have to do your home work on the company and the market they are in. If you didn’t, you would have sold and miss this run up.

NO I DO MAKE MISTAKES, NOT ALL OF MY INVESTMENTS ARE PLTRs… I lose money in the markets on some positions and I have strategys on that, which was posted in thread I started a few years ago as investment thread.

All the above is my opinion, and what I do. To plan for my future retirement. Hopefully it helps a few of you.

One more disclaimer, while I am on the subject of prudent retirement planning.
I would not recommend people to invest in individual stocks, unless you are maxing out your 401Ks. After you max out your 401K and have money to invest, then get into individual stocks. I outlined the reasons why in another post…

If you dont have access to a 401K, then a Roth 401K is an great option, then extra $$$ into individual stocks.

No I am not a wealthy investor. I am just dad, working for a big company, fighting every day to help my customers, and meet their needs and hopefully have enough $$$ stashed away for retirement. All of the “opinions” I have outlined today, was based on alot of very hard lessons, and paying alot of stupid tax over the years, to form those “opinions”. Yes, I am making up for the mistakes I made in the past, just because I didnt have anyone giving me the best advice. I learned the hard way. Hopefully this helps a few of you.

 

[CLdrinker]

I think I mentioned earlier I rode this bitch from high 20’s all the way down. I was shitting my pants when I was down like $4,000. When it finally started coming back I sold I think 100 shares at about $19-20. If I would have had some balls I would still have those shares and another $5,000.

I would like to take profits here and I probably should 250% gain is what people dream about.
But C-Ya would never got to 5million if he sold at 250%.
I can’t win big if I sell, so I’m going to hold as long as possible.

 

[C-Ya]

I think I mentioned earlier I rode this bitch from high 20’s all the way down. I was shitting my pants when I was down like $4,000. When it finally started coming back I sold I think 100 shares at about $19-20. If I would have had some balls I would still have those shares and another $5,000.

I would like to take profits here and I probably should 250% gain is what people dream about.
But C-Ya would never got to 5million if he sold at 250%.
I can’t win big if I sell, so I’m going to hold as long as possible.

Xring01 makes a great point about the house’s money.

It’s the way my wife and I have always looked at Nvidia. Our decisions might have been different if we hadn’t quadrupled our initial investment within the 1st 6 months. After that, we had a ”let it ride” attitude. It was the house’s money.

I remember when it hit 500k. We had conversation wondering if we were at the peek? It was beyond our wildest imagination that it would eventually be worth more than 10 times that amount. That is pure luck. If anything……. We are where we are because we were too stupid to sell.

We consider the Nvidia experience to be a once in a lifetime lottery win. However, we are doing the exact same thing with PLTR. The only difference……… We spent 10 times the amount on PLTR, that we originally invested in Nvidia. So far we are quite happy with things………. Approx 80% of our holdings is already the house’s money. This gives us a bit of comfort.

 

[CLdrinker]

At 5:33 he mentions Vivek and Elon. I’m convinced Palantir is used by them to clean house.

 

[CLdrinker]

$75!!! Let’s go!!!

 

[coolchange]

$75!!! Let’s go!!!

Happy but I hate it. Why did I only buy the few I got?

 

[CLdrinker]

Happy but I hate it. Why did I only buy the few I got?

I hate fighting the urge to sell.

 

[Xring01]

“ fighting the urge to sell”, Thats can doubled edged sword.

I sold 15% at 71.26 and just missed another $4/share… uggg

But honestly, I am not second guessing that decision.

Recouping my initial investment has been my strategy for awhile. That strategy freed up the $$$ to buy PLTR in the first place.

 

[CLdrinker]

“ fighting the urge to sell”, Thats can doubled edged sword.

I sold 15% at 71.26 and just missed another $4/share… uggg

But honestly, I am not second guessing that decision.

Recouping my initial investment has been my strategy for awhile. That strategy freed up the $$$ to buy PLTR in the first place.

Good perspective.

 

[Orange Juice]

Rolling, Rolling, Rolling, keep this puppy going.
300% plus return over in this camp.

 

[Rondog4405]

Happy but I hate it. Why did I only buy the few I got?

Ha ha.. same here

 

[Cole Trickle]

I have jumped in and out of the PLTR game a couple times taking shorter wins.

Still have some.

Bought a chunk of TSLA when it went down to $213 made some money and got spooked and sold before the election because i thought it would crash if Kamala won. I don't think anyone thought it would go up to $375. Made a little but left a ton of meat on the bone on that one...lol

Was up on AMD for a while but now its down but has some pretty hearty price targets so I'm staying in for a while.

Threw a couple grand at SOUN when it was $6 and its more than doubled in the last month. I don't think it will hold and will probably grab some more when/if it drops.

I never really played in the market until @C-Ya started the NVDA thread. I hate gambling so I seem to always pull short but I'm up 60% in less than 6 months. Now if I just had the balls to throw some extra zeros in the game I would be killing

I have been watching a bunch of videos on futures and scalping and will continue to research and jump in a little in the future.

 

[coolchange]

I have jumped in and out of the PLTR game a couple times taking shorter wins.

Still have some.

Bought a chunk of TSLA when it went down to $213 made some money and got spooked and sold before the election because i thought it would crash if Kamala won. I don't think anyone thought it would go up to $375. Made a little but left a ton of meat on the bone on that one...lol

Was up on AMD for a while but now its down but has some pretty hearty price targets so I'm staying in for a while.

Threw a couple grand at SOUN when it was $6 and its more than doubled in the last month. I don't think it will hold and will probably grab some more when/if it drops.

I never really played in the market until @C-Ya started the NVDA thread. I hate gambling so I seem to always pull short but I'm up 60% in less than 6 months. Now if I just had the balls to throw some extra zeros in the game I would be killing

I have been watching a bunch of videos on futures and scalping and will continue to research and jump in a little in the future.

I told myself Tesla in March when it get to 180. Did I? lol I was in soun in the fours, trading sideways and kind of spooked me and I bailed.

 

[CLdrinker]

I think I’m going to take some profits.

 

[C-Ya]

I have jumped in and out of the PLTR game a couple times taking shorter wins.

Still have some.

Bought a chunk of TSLA when it went down to $213 made some money and got spooked and sold before the election because i thought it would crash if Kamala won. I don't think anyone thought it would go up to $375. Made a little but left a ton of meat on the bone on that one...lol

Was up on AMD for a while but now its down but has some pretty hearty price targets so I'm staying in for a while.

Threw a couple grand at SOUN when it was $6 and its more than doubled in the last month. I don't think it will hold and will probably grab some more when/if it drops.

I never really played in the market until @C-Ya started the NVDA thread. I hate gambling so I seem to always pull short but I'm up 60% in less than 6 months. Now if I just had the balls to throw some extra zeros in the game I would be killing

I have been watching a bunch of videos on futures and scalping and will continue to research and jump in a little in the future.

I hear you…….. FWIW, I do not gamble. Super Bowl pools only. It’s mainly because the joy of winning does not exceed the feeling of loosing, for me.

Based on your post, dabbling in the stock market is so far a positive experience, for you. That is awesome. I wish you the best!

 

[gqchris]

I think I’m going to take some profits.

Let me know when you do. Ill join. I feel like this bubble has to pop at some point

 

[gqchris]

Ummmm its up to $82 dollars this morning.

 

[Sportin' Wood]

I think I’m going to take some profits.

Ummmm its up to $82 dollars this morning.

We own Palantir, but not as much as we would like.

We've been sitting on some cash the last two weeks mistakenly waiting for this SARs thing to hit so we can buy the dip. Totally kicking myself almost every day the last two weeks. At least we are still making money.

In hindsight it does not really matter as we planned to just put it in as savings and let it ride the next 10 years. However now I am really interested in how this potential loss might play out. I have to assume the GAAP nerds reserved for it to some extent. Now I am hopeful there is a dip.

I tend to agree, I thing DOGE is gonna use this like a broadsword.

@C-Ya thanks for the influence to try and learn this trading stuff.

 

[CLdrinker]

Guess I’m gonna sit tight a bit longer on taking profits.

What goes up must come down at some point. Its just to good to be true.

 

[CLdrinker]

Let me know when you do. Ill join. I feel like this bubble has to pop at some point

Every time I sell stocks it rips. I sold Tesla, Amazon, visa last year.

Do the opposite of my dumb ass lol

 

[gqchris]

Every time I sell stocks it rips. I sold Tesla, Amazon, visa last year.

Do the opposite of my dumb ass lol

We must be in the same club!!! LOLLl

 

[Xring01]

Every time I sell stocks it rips. I sold Tesla, Amazon, visa last year.

Do the opposite of my dumb ass lol

Dejavu

 

[CLdrinker]

So here is the thing. If we take profits what do you do with the money?

Sit in it and pray for a pull back? Put it in a CD? Buy another stock?

 

[Xring01]

So here is the thing. If we take profits what do you do with the money?

Sit in it and pray for a pull back? Put it in a CD? Buy another stock?

When the next PLTR or good deal pops up, you have to have cash ready to invest…
If you dont, then you may miss out…

I do my best to have $$$ on the sidelines to take advantage of “good deals”…

If I didn’t have cash ready, I probably would own the PLTR that I have now…

But thats my opinion.

 

[CLdrinker]

When the next PLTR or good deal pops up, you have to have cash ready to invest…
If you dont, then you may miss out…

I do my best to have $$$ on the sidelines to take advantage of “good deals”…

If I didn’t have cash ready, I probably would own the PLTR that I have now…

But thats my opinion.

I have a good chunk in a 4% 2yr now. Just incase. And another 4k in my trade account ready to buy.

 

[JayBreww]

So here is the thing. If we take profits what do you do with the money?

Sit in it and pray for a pull back? Put it in a CD? Buy another stock?

You’ve mentioned it’s for the kids account.
Set the profit aside and reinvest your initial buy in.

 

[CLdrinker]

Well looks like the profit takers are showing up.
Just sold 20 and have a second order pending to sell another 20. That will be close to my initial investment.

 

[CLdrinker]

Should hit $100 next week lol