Companies that just can’t catch a bid.

I bought some PLTR today thinking I might could make a quick profit, all software was going green. It immediately dropped 8% to new 52 week low….

quote:

---

Space

---

I’m eyeing FLY.

I added ONDS this afternoon at $7.70. Everything you see on them is adding new contracts and hopefully they’ve been fully diluted.

I’ve been deep diving palantir today. I’m going to figure out a way to buy some this week; I’m working within some self imposed guardrails so I’ll need to get creative. At 100 bucks it’s more in line with “normal” pricing with room for a compounding future

PLTR is sitting at what should be support (106). If it falls thru this next support is WAY down

interesting times…big companies who aren’t going anywhere and are only going to get bigger are on sale, and emerging companies who might get a lot bigger are being ignored. Every penny it seems is going to hardware and memory.

I bought a bit at $89 and sold at $115.

Just don’t know it well enough.
It’s optics which is a really hot theme.
It’s extremely volatile.
Can’t say much else

$67 possibly.
Here’s my commentary from another thread talking about moving averages in general:

Here’s an ugly chart for reference.
PLTR has crashed below its 200 day, which sits at $159.

In fact, it’s below all moving averages.
It’s in free fall.



To find a line below the stock price you’d have to go to a weekly chart, where each bar represents a whole week.
I checked. The 200 WEEK moving average is $67.

Now I’m not saying PLTR is going to $67, but if it can’t quickly recover the green line (20 day EMA) at $128 then it will continue to drift.

There are three ways to look at this.
1. If it were to get to $67 you load the fricking truck.
2. The stock will not have done proven anything until it crosses $159 with conviction (current red line).
3. You trade the green line, which is what I’m doing now.

I picked up two PLTR 2028 calls today. $200 strike.
I have no interest in holding these very long.

My trade is based on PLTR recovering the green line ($128) before it re test $67.

I’ll sell those calls around there.
Why?
1. I’m not in love with PLTR.
2. The stock may fail to reclaim the 20 day moving average. That would be a classic fake out that would likely end in a lower low on the chart. A down trend.

————
Speaking of fake outs and failed retests, I was going to lead you to the NOW chart, but there’s no need.

Look at early June for PLTR.
HUGE rejection right at the 200 day.
Bearish AF

palantir delivers actual outcomes for their clients though…based on client testimony it’s about 1000:1 return on spend. That’s not hype. Now whether or not the massive government contracts they have are a risk factor is certainly up for debate and certainly there’s the potential for scandal so I get it. And it’s still overvalued

But I want in. What’s your best guess on a good entry?

looks like consensus support is around 74. I can wait.