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PLTR Has Been/Is Hot

Posted on 11/10/24 at 3:20 pm
Posted by OTIS2
NoLA
Member since Jul 2008
52269 posts
Posted on 11/10/24 at 3:20 pm
Anyone researched this company? It’s gotten lots of press which can be both exciting and scary.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
45284 posts
Posted on 11/10/24 at 3:32 pm to
I snagged 1300 shares when it was like $14

It's blowing up
Posted by OTIS2
NoLA
Member since Jul 2008
52269 posts
Posted on 11/10/24 at 4:07 pm to
I got in at the low 20’s…FOMO has me wanting to buy more…ha.
Posted by Shepherd88
Member since Dec 2013
4892 posts
Posted on 11/10/24 at 5:13 pm to
It’s made up for my SLI losses. I speculate they’re government created (kinda like twitter was).
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 11/10/24 at 11:08 pm to
Yeah, I was posting about buying this stock a little after the IPO and was told it was massively overvalued at sub $10. Glad I didn’t listen.
Posted by DawgCountry
Great State of GA
Member since Sep 2012
32650 posts
Posted on 11/11/24 at 9:23 am to
I just sold at $52. bought at $26. Seems like its over valued. if its drops I will get back in
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
17390 posts
Posted on 11/11/24 at 10:24 am to
i bought 500 shares around $23 in June.. i didn't buy enough
Posted by slackster
Houston
Member since Mar 2009
91415 posts
Posted on 11/11/24 at 10:40 am to
quote:

Yeah, I was posting about buying this stock a little after the IPO and was told it was massively overvalued at sub $10. Glad I didn’t listen.


It was. It got meme stock treatment in early 2021, ran up to $27 and then fell basically every month for 18m to the high $5 range in 2022.

I suspect the same thing is happening again now as there is no reasonable explanation for the current price at 311x trailing PE and 137x forward PE. Average PT is around $38/share.

I think the company is very intriguing but these prices are insane.
Posted by SocaliSEC
Member since Jul 2024
26 posts
Posted on 11/11/24 at 1:45 pm to
I bought some earlier this year...maybe late last year, can't remember. I've over doubled my initial investment. Yet Schwab...I use Schwabs app...tells me it's graded a "D." I'll hold onto it until it starts to really drop.
Posted by DawgCountry
Great State of GA
Member since Sep 2012
32650 posts
Posted on 11/11/24 at 3:06 pm to
quote:

I suspect the same thing is happening again now as there is no reasonable explanation for the current price at 311x trailing PE and 137x forward PE. Average PT is around $38/share.

I think the company is very intriguing but these prices are insane.


agree which I why I sold. Honestly might be the first time I have taken profit instead of being greedy. which means this thing is probably going to $200
Posted by DawgCountry
Great State of GA
Member since Sep 2012
32650 posts
Posted on 12/14/24 at 2:56 pm to
I sold at $52 thinking it was overvalued. It hurts to watch it keep ripping to over $70. And now they are advertising in the Army Navy game. Finally tried to show some discipline and take profits but this hurts
Posted by OTIS2
NoLA
Member since Jul 2008
52269 posts
Posted on 12/14/24 at 5:25 pm to
I sold some around 60. I was scared.

I do not give a shite anymore. I’m riding.
Posted by bayoubengals88
LA
Member since Sep 2007
23576 posts
Posted on 12/14/24 at 8:15 pm to
Valuation hasn’t mattered in 20 years.
When it’s hot it’s hot. Trim a little if you wish, but don’t ever sell all. Just buy more on 20% corrections.

The same can be said for TSLA
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