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PLTR- who's a buyer at these levels?

Posted on 4/20/21 at 2:04 pm
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 4/20/21 at 2:04 pm
I flipped this back in the WSB GME/AM short squeeze saga for a quick 50%. It's been hovering in the low 20's the past few months now.

The long-term growth story seems pretty compelling here, but the valuation, even at today's prices, is like 30X current year revenues which may still seem very expensive.

What is the board's thoughts on this stock? Thanks.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31327 posts
Posted on 4/20/21 at 2:31 pm to
quote:

like 30X current year revenues


Yikes. Seems like the recent rotation has been out of companies like this, not into them.
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
2874 posts
Posted on 4/20/21 at 2:40 pm to
Cathie Wood loves it. No thanks
Posted by Barrister
Member since Jul 2012
4635 posts
Posted on 4/20/21 at 2:49 pm to
I added today
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
2874 posts
Posted on 4/20/21 at 5:38 pm to
All bullshite aside, this is one of the most popular stocks for retail traders while also being one of the poorest performing stocks on the market.. I.e. its a trap
Posted by Drizzt
Cimmeria
Member since Aug 2013
12948 posts
Posted on 4/20/21 at 9:19 pm to
I bought PLTR at $9.36 the day it opened. I only bought 50 because I thought it would likely drop to $6 or $7 after a few weeks and I planned to buy 1000 shares. Kicking myself in the arse now. I’m long on PLTR and think it will be $90 in 1-2 years. They aren’t software, they are a paradigm shift in increased efficiency for any organization that collects large amounts of data. They are so far ahead of any potential competition that they essentially have total control of a brand new market. They just had a demonstration day for clients that people are raving about. Plus Thiel has hand picked management and is highly involved. Guy is a genius. PLTR may be overvalued currently but it won’t be for long. I’m going to buy more on any significant dip.

I thought SNOW was highly overvalued so I’m not just a new tech IPO fanboy. I think SNOW drops to $80 this year. I’m completely convinced PLTR will revolutionize data integration and prediction models when businesses and government fully understand what Foundry and Gotham actually do. Most CEOs can’t understand the technology fully currently.
This post was edited on 4/20/21 at 9:28 pm
Posted by Samso
nyc
Member since Jun 2013
4735 posts
Posted on 4/20/21 at 10:20 pm to
The problem with PLTR is what they are offering to the market is difficult to understand for both the average and sophisticated investor.

It’s unclear from the product demonstrations whether the company’s Foundry application is a true paradigm shift or if it’s just a niche thing that won’t or can’t be used by the broader population of enterprises trying leverage their data.
This post was edited on 4/20/21 at 10:23 pm
Posted by Jake009
Hill Country
Member since Jun 2019
1779 posts
Posted on 4/20/21 at 10:53 pm to
I’m holding 200 shares in my swing account at $22.00
I’m trying to let the bleeding stop before I add anymore. It’s a high conviction play of mine, long-term (1-3 years)

CHPT is another play im very high on that’s getting crushed.
Posted by GEAUX5
Louisiana
Member since Aug 2014
5145 posts
Posted on 4/21/21 at 8:50 am to
I got in at $13 and sold 50% of my shares when it hit its high in the low 40’s.
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