Palantir Technologies Inc
I sold out of all picked stocks to move everything into VTI (which had already been about 75% of my portfolio) before the downturn. I bought JPM on the way down at $120/share, and built a large GOOG position at $102. My only other current pick doesn’t fit that model. I added a small PLTR position because I appreciate their participation in the Ukraine and some other efforts, and I believe in the product. I’m in it at $8/share, and have no expectation or care around returns from that one. If anything, I expect it to stay range bound for a few years. There are others I would add at the right prices.
>My advice is to focus on the stocks with the most potential for long-term growth. ROKU, PLTR and PYPL all have great prospects in terms of future performance as well as current market value. These three should be your main investments; AFRM may provide some short-term gains but you won't likely see any major returns from it over a longer period of time so I'd avoid investing too heavily there. UPST has potential if they continue to innovate their product offerings however that stock could just as easily become stagnant without new products or services being added which makes it an unreliable choice overall. As always do thorough research before investing into any particular stock and ensure that whatever funds are used come at no risk whatsoever - better safe than sorry!
Also with ENPH, it's not like the worst of the worst. It does have a high TTM PE, but when looking at the actual forward PE, it's 58. That's still really high, but again, they have an insane amount of growth happening as well as great tailwinds. Is it expense, yes, but it's not the worst. I mean even OP is talking about buying calls on companies without any free cash flows. Even PLTR's forward PE is 43. I'd rather own ENPH over PLTR.
Why would you buy calls on Sofi/pltr? ENPH may be ahead of itself, but it's actually having terrific quarters with a lot going for it (subsidies.) PLTR is a meme that too many people didn't leave and I'm still not sure what people find so appealing about Sofi.
PLTR always bottoms around this level. Maybe another 5% down but has been holding steady at these levels. Looking for a bounce unless markers fall hard. Next CPI will confirm falling inflation. Market will pop then lose it all come late December/early January. Sell those QQQ leaps after market pops
thank you very much for your reply. I have learned so much from you! 1. for the spread, usually wait for it to expire. tune occasionally if there is a reason, and usually exit on all legs; 2. make a small sized option portfolio; 3. I take the "short put" in the PLTR example is a "naked sell put"? this usually makes me feel uncomfortable, so in my account I intentionally didn't apply for that option. But I understood the example. Checking out PLTR's chart, it has never been below $6, so in general condition, $6 would be a good target strike price for selling a put for 30 to 45 days. 4. patient is the key. wait for the right trigger. Anything below 200 EMA is not for trade. 5. not lose money is first priority, make profit is the second one. 6. it feels really good that people are making some money regularly. Congrats! I will say more on your other comments, I have really learned a lot! thank you!
>And the more rapidly a stock appreciates in a short amount of time, the more likely it is that momentum traders will take profits and demand will dry up. >We literally just went through this with high growth tech. Even with profitable companies. This type of analysis is totally irrelevant. Most high growth tech was overvalued plain and simple. The price got too far away from the fundamentals of the business. All the posts about traders and momentum etc is literally all noise Let's take PLTR. For example, this is a company that today is valued at $15 billion, and it literally does only $1.5 billion in revenue and makes no money. This stock is probably going to get crushed going forward even with its major drop. I know nothing about SMCI, but a quick Google search shows that it's valued at $4 billion. SMCI does $6 billion in revenue and earned $300 Million last year. The numbers here are not crazy at all. I dont know the bull thesis, but SMCI actually looks a little cheap, TBH, even if you assume low growth. The main issue is the inconsistent free cash flow, but again, it is not a completely unreasonable price at these levels.
**Ban Bet Created:** **/u/Maximum_Radish7264** bet **PLTR** goes from **7.4** to **7.75** before **2022-11-26 08:13:00.991462-05:00** Their record is 0 wins and 0 losses. ---- ^[LEADERBOARD](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) - ^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/banbets/#wiki_faq_.26amp.3B_commands) - ^[STATS](https://www.twitch.tv/wsbzjz/) ** 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀**
Hi, Again. You bet. It's rare for me to exit a spread (or any other type of) play. When I do, there would need to be a very good and urgent reason, and if there were such a situation, I'd exit the legs together. If liquidity were a problem, I would separate them. I think that most people suffer from not being able to look at a long list of trades made by a successful options trader. Talk about what to do is largely meaningless without being able to see concrete trades. It's also important to learn how to manage a portfolio of options. That's like an engine. It needs ongoing maintenance work. It's important to learn how to construct such an engine and maintain it. Many traders get too caught up in a single trade. What really matters is building an engine that will generate a lot of profit, far beyond what long-term investing can do, over the long haul. My underlying assumption is that SPY will drop by 10.00% to 20.00% over the coming year. This isn't a prediction, but an assumption. The consequences of making that assumption are that: * I won't front-run trades. I wait for a catalyst to occur, and if the result is favorable for executing a trade, I do so. Front-running is gambling. * I use small position sizes because of unpredictable and violent volatility. I need to generate actual profit to pay for credit card bills, so losing money is not an option. * I spend a lot of time observing a small collection of stocks. Each has a personality. I can't predict that a particular event will happen, but I always have trading plans ready **if** an event happens that I could potentially exploit. For example: If PLTR ever crashes below $7.00/share, most likely as the result of an earnings call, execute at least 50 *Short Put* plays on it that strike at $6.00/share (or $5.00/share, if you want to be perfectly safe) and expire in 30 to 45 days. This is a reliable way of making money. * When the market is in a particularly pathological state, as it was when the CPI release triggered a rally, but everything was insanely overvalued, I revert to extremely short-term trading, such as scalping SPX with a simple call or put, running *Iron Condor* plays on SPX, or trying to scalp individual stocks, usually with a *Short Put* or *Short Call* 0 DTE to 2 DTE play, but sometimes with simple calls or puts. * I'm patient. If I can't find a setup that I'm comfortable with, I won't trade. In general, you shouldn't trade anything that's trading below its EMA(200). * I refuse to chase rallies. I bet against them. If my assumption is wrong, that's fine. I'll come out ahead. But if it's right, I'll do much better than other traders who are trading in a bear market as if it were a bull market. The most important goal is to **not lose money**. I've accomplished that. The second most important goal is to make a profit commensurate with what the market conditions can support. Right now, for the size that I'm comfortable trading with, that works out to around $2k to $3k/month. Good Luck, Artem
Right now I’ve stopped selling on a lot since we’ve seen a big drop in stock prices. But as of now my top 2 are NIO and AMC. I sell shares on Go pro, CLOV, PLTR, and many more. But like I’ve said, I’ve halted on a lot of them due to the recession
BB, UPST and PLTR long calls....like 1/24 and beyond. I'm gambling one will pay off and that's all I need. 2 would be nice, all 3 would be life changing for me with the amount I have and keep accumulating at these prices.
Neither TSLA or PLTR have had the level of pure spam and """"DD"""" that GME has had. Less than 15% of the users subbed to WSB now were here prior to GME. They brought the rest of shitty fucking reddit idiocy along with them. When the fuck was the last time you saw a post about PLTR? It's been months probably. TSLA posts still happen but only when there is actually news. People post about GME writing stupid shit like "T+\[number of dicks i suck daily\] until the squeeze guys!!" and get front page of hot for 2 days. Fuck off with GME. Fuck off with new users.
Don’t waste your time on this. C Woods is the worst…bought a large amount of Tesla …stock has been straight down. Bought NVDA …stock got hit on earnings. She dumped it. Someone just mentioned PLTR …bought recently. Bad earnings…stock gets hit. She dumped it. Like I said the worst.
Question: Let's say that I bought some Palantir on November 18th, 2021. I can tax-loss harvest some of this position, as long as I do it by November 17th, 2022... right? Or which day would be the actual cutoff day? I sold some PLTR on 11/16 and 11/17 taking some tax loss harvests for short term capital gains, and I'm just hoping that I'm definitely considered under 1 year on those dates. I'm wondering if I could have also sold some on the 18th and would it have counted as short-term? Does a leap year change anything?
Then you should know that a 5-year horizon is bullshit, since ARKK regularly daytrades stocks. They completely exited Palantir around ~3 years after buying most of their position in Palantir and only months after their last buy of PLTR. There are many more examples. The 5-year time horizon is a real ARKK policy, unless in most cases when it isn't.
When macro and micro sucks... Market tanks and TSLA bleeds When macro and micro is good... Market rallies and TSLA still goes red Fucking TSLA and fucking Elon... Fucking piece of shit of stock.... TSLA is going to be the next PLTR
Talk me in or out of selling some piece of shit PLTR shares and dropping 1000 on a dec 23rd TSLA put. Its down a lot already but I said the same “it can’t possibly go up anymore” shit on its 2020 run up and then missed out
Good job in a lucrative industry but high cost of living and a family. Able to save and invest a bit. Got lucky with GameStop and made 40k by buying in at $25 and selling at $70, missed out on over $150K by selling a day too soon. Then bought a ton of PLTR at $25 and tried to short Tesla, lost a bunch. If you have a good job you can spare the money. I make over $115k base and can save/invest $2k per month living in San Diego supporting wife and baby. Then lump sump bonus each year of 15-25% pads the accounts nicely.
#Ban Bet Lost /u/Hl_IM_MR_MEESEEKS (0/2) made a bet that PLTR would go to 6.9 within **30 minutes** when it was 7.36 and it did not, so they were banned for a week. Their record is now 0 wins and 2 losses ---- ^[LEADERBOARD](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) - ^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/banbets/#wiki_faq_.26amp.3B_commands) - ^[STATS](https://www.twitch.tv/wsbzjz/)
**Ban Bet Created:** **/u/Hl_IM_MR_MEESEEKS** bet **PLTR** goes from **7.36** to **6.9** before **2022-11-20 22:42:36.167416-05:00** Their record is 0 wins and 1 losses. ---- ^[LEADERBOARD](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) - ^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/banbets/#wiki_faq_.26amp.3B_commands) - ^[STATS](https://www.twitch.tv/wsbzjz/)