PLTR: let’s all just get honest.
Do you not follow this stock? It did the exact same thing trying to get past $13. It would get close, trade at 12.98 and then the bottom would fall out.
This is just a simple example of a resistance band - at $19. If you really believe that PLTR isn’t about to blow the earnings off the board after all of the new deals they’ve signed, not mentioning the ones they’ve renewed- then sell! But people forget this stock was once at $48 a share 2 years ago and traded consistently at 23 just 18 months ago.
Stop looking for the exit. You are going to regret the impulsive behavior you are taking that is a result of volatility.
Look at the technicals. The real technicals, need more? Look at the fundamentals! Need more? Look at the AI sector? Recession fears? Ok look at the fact that 50% of all revenue is from the government!
People need to get a grip. Stop trying to be the best version of Wall Street. The analysts that have been downgrading the stock when it was at $12 are just as crooked today as they were when they released their reports to appease their managing directors - who by the way - have a bonus tied to trading profits and the massive shorts they are in.
I worked on Wall Street for 17 years. I am here to drain the scum.
This is just a simple example of a resistance band - at $19. If you really believe that PLTR isn’t about to blow the earnings off the board after all of the new deals they’ve signed, not mentioning the ones they’ve renewed- then sell! But people forget this stock was once at $48 a share 2 years ago and traded consistently at 23 just 18 months ago.
Stop looking for the exit. You are going to regret the impulsive behavior you are taking that is a result of volatility.
Look at the technicals. The real technicals, need more? Look at the fundamentals! Need more? Look at the AI sector? Recession fears? Ok look at the fact that 50% of all revenue is from the government!
People need to get a grip. Stop trying to be the best version of Wall Street. The analysts that have been downgrading the stock when it was at $12 are just as crooked today as they were when they released their reports to appease their managing directors - who by the way - have a bonus tied to trading profits and the massive shorts they are in.
I worked on Wall Street for 17 years. I am here to drain the scum.
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Series 7&66, Trading Floor-13 years. Survived dot.com bubble, 9/11, Enron Accting, Gr8 Recession Now here to help.
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SLIMDAGEM : Well put. Much appreciated.
chgocal123 : very well said, I love it! thank you so much for sharing!!!!!
Haymaker78OP : Hello??? Hellllllo???