Very close to the gap created from ER. Could fill down to low 80s, what are your charts saying?

I'm bearish holding puts. I think it sinks further prior to going back up. Long-term bullish, short-term bearish.

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Posted by lsuconnman

Baton rouge

Member since Feb 2007

3581 posts

Posted on 2/23/25 at 3:19 pm to CajunTiger78

This post was edited on 3/31/25 at 10:50 am

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Posted by CajunTiger78

Member since Aug 2017

2879 posts

Posted on 2/24/25 at 6:26 am to CajunTiger78

Looking very likely according to PM action. Down at key support at 100. High of 103 so I expect it to pop on open and try to hit PM highs then sink below 100 where the gap will try to fill.

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Posted by Hangit

The Green Swamp

Member since Aug 2014

43219 posts

Posted on 2/25/25 at 4:41 am to CajunTiger78

quote:
I think it sinks further prior to going back up.

When you posted that, it went down another $3 for the day. It is down almost another $3 in pre-market trading.

ETA: If this drop would bring the PE down to something like 100, I would get a lot more. I also agree that DOD cuts will be minimal to PLTR, if not signing new contracts for more.

This post was edited on 2/25/25 at 4:47 am

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Posted by slackster

Houston

Member since Mar 2009

89445 posts

Posted on 2/25/25 at 6:51 am to Hangit

quote:
ETA: If this drop would bring the PE down to something like 100, I would get a lot more. I also agree that DOD cuts will be minimal to PLTR, if not signing new contracts for more.

For reference, price needs to fall below 60 for forward PE to get to 100 and to below 25 for trailing PE to be below 100.

PLTR has no fundamental basis, hence the 25% swing in the last 3 days. It may continue going up, but if you’re trying to value it in any remotely traditionally way, good luck.

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