This headline is a perfect example of the media DISTORTIONS that I talk about above: CEO Alex Karp Is Dumping Palantir Stock. Should You? https://www.barchart.com/story/news/31055769/ceo-alex-karp-is-dumping-palantir-stock-should-you
Yeah the article title above is a bit click bait. Of course it worked, I took a read on it. It actually wasn’t as bad as you might think based on the title. There was a section in there discussing the recent Q4 performance and some of the contracts and things they are doing. I found that interesting. It does mention the sell plan and offers a bit about it, but didn’t seem overly negative about it. Of course these are required filings with any management. They did get into the price and valuation with some analyst thoughts for good measure though. I think they are an interesting company. Time will tell if they have staying power in this area. This field is developing as we speak.
LOL.....I did not even read the article. It was just an example of a ridiculous headline. Yeah with PLTR.....time will tell. At least the founders and people involved are Tech ROYALTY.....so hopefully they know what they are doing. When I first got it I got 104....free shares.....I dont remember if it was a short term play on earnings or a stock split play or what it was. BUT....I made a margin buy......and quickly cashed it in.....leaving me with 104 free shares as profit. I did it based on ZUKODANY constantly pumping the stock. Since than I added and added shares and finally got it up to a full position.....in terms of dollar value.... in all accounts. At this point I have gains......mostly..... in the 200% to 500% range. As I have read more and more about it I have liked it more and more. They seem to have a good business model with government and private business. BUT.....they have only been a public company for just over 4 years....since September 2020. Pretty amazing to go from a new stock in September 2020 and now they are.....THE WORLDS.....49th most valuable company by market cap as of 2-21.25. They are the 38th largest company in the SP500 by market cap. Pretty Crazy. Probably by far my most speculative full position holding. Of course it mostly became a full size position.....as a percentage of my entire portfolio.......due to the massive gains adding value to the holding. So all in all I dont have as much in it compared to my other stocks. They certainly have some real money and power behind them at this point.....now lets see if they can continue to perform. They were certainly a BRIGHT SPOT in earnings with their last report. At least they now have MASSIVE name recognition........and....... that should help them to acquire new customers and sell product. I would think that they have a big leg up with the current government and will benefit greatly from what the defense department and government does over the next four years. In addition their private business model seems to be booming. As many on here know....I tend to like HIGH MOMENTUM....BIG CAP GROWTH stocks.
