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re: PLTR closed at 102+ today

Posted on 2/4/25 at 9:26 am to
Posted by meeple
Carcassonne
Member since May 2011
10291 posts
Posted on 2/4/25 at 9:26 am to
To everyone that bought low…how did you find out about about it? Hoping to do the same someday.
Posted by KWL85
Member since Mar 2023
2292 posts
Posted on 2/4/25 at 9:32 am to
Woulda, shoulda, coulda for me. I am going to buy next dip.
Posted by lsuconnman
Baton rouge
Member since Feb 2007
3659 posts
Posted on 2/4/25 at 9:38 am to
I bought 250 at $22. Sold 75 at $34 and another 75 this morning at $104.

If it wasn’t for the CVNA meme lunacy, I’d be out entirely. But if that stock can thrive at a 22,000P/E, then I don’t see why PLTR can’t keep going up despite its perpetual dilution with employee stock grants. So, I guess I’ll just sit on the last 75 shares and ride the momentum.
Posted by Caplewood
Atlanta
Member since Jun 2010
39362 posts
Posted on 2/4/25 at 9:45 am to
quote:

To everyone that bought low…how did you find out about about it? Hoping to do the same someday.


Did research on the connection between JD Vance and Peter Thiel. Read the tea leaves of an incoming Trump admin and the potential for growth with a company man being in/around the White House. I think we are still at the start of palantirs ascension, the next four to twelve years are going to be massive
This post was edited on 2/4/25 at 9:47 am
Posted by plaric
Pike Road, Alabama
Member since Jun 2011
2258 posts
Posted on 2/4/25 at 11:11 am to
I have 3257 shares at a cost basis of $11.75

Edited because my counts were off
This post was edited on 2/4/25 at 11:13 am
Posted by Snoopy04
Republic of Texas
Member since Aug 2015
3097 posts
Posted on 2/4/25 at 1:00 pm to
I bought my first 100 shares around $15, then picked up a few more along the way up to about $25. Been holding ever since.

quote:

how did you find out about about it?

As someone who’s been in the stock game for just a few years, my best advice is to stay on top of financial news and market trends. There are tons of sources out there that can give you solid insights, and the more you read, the more opportunities you’ll spot.

I actually came across PLTR while watching a random YouTube video about investment ideas. That one video sent me down a rabbit hole, and after reading up on the company, I decided to jump in. To be honest, it was more of a speculative play. I was betting on the retail momentum rather than digging deep into the financials. Not the smartest strategy, but it worked out. That said, I wouldn’t recommend making this a habit on all your trades. Momentum based stocks can be fun, but it can get ugly very quickly!

A more recent example for me was with QBTS and RGTI. I read an article that was super bullish on quantum computing. I hopped in both for a couple hundred shares and the very next day retail went crazy for it. Within a couple of days, I was up over 100% and planned to ride the hype for a bit. But then Jensen from NVDA came out and said quantum computing was still a long way off, and just like that, both stocks, as well as other quantum plays, plunged the next day. Luckily, I still managed to lock in a little over 100% gains on each, but it just goes to show how wild retail momentum can be.

Long story short - read, read, and read some more. If you stay informed, you’ll eventually come across some hidden gems.
Posted by plaric
Pike Road, Alabama
Member since Jun 2011
2258 posts
Posted on 2/4/25 at 1:25 pm to
I was at the beach and my doctor buddy called and briefed me on it. I trust him with just about anything (very like minded) so I dumped like 30k into it
Posted by slackster
Houston
Member since Mar 2009
89856 posts
Posted on 2/4/25 at 8:52 pm to
quote:

Bought 1,000 at 27 a few years ago in my kids’ inherited Ira. Almost raged sold it many times. Happy I kept it.


Could have distributed it at $8 and the gains now would be capital gains instead of ordinary income for them. Obviously hindsight is great but food for thought when you have to distribute eventually on a stock that you’ll hold but is down considerably (when it was $6 back in the day)
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
17206 posts
Posted on 2/4/25 at 10:51 pm to
i didn't buy enough at $20

should have been adding the entire way up too
This post was edited on 2/4/25 at 10:52 pm
Posted by MSTiger33
Member since Oct 2007
21018 posts
Posted on 2/5/25 at 5:19 pm to
The RMD is being calculated on a 9 year old. We get a stretch because he died in 2019.
Posted by slackster
Houston
Member since Mar 2009
89856 posts
Posted on 2/5/25 at 6:16 pm to
quote:

The RMD is being calculated on a 9 year old. We get a stretch because he died in 2019.


Gotcha, still wouldn’t have been a bad thing to consider though. Income tax for a 9 year old is peanuts and the 12x growth would have been capital gains tax treatment, which is a lot better than ordinary income from the IRA.

Either way, congrats.
Posted by Drizzt
Cimmeria
Member since Aug 2013
14430 posts
Posted on 2/6/25 at 9:45 am to
Condolences on your child.
Posted by MSTiger33
Member since Oct 2007
21018 posts
Posted on 2/6/25 at 5:30 pm to
It was my dad who died but thank you
Posted by volinktown
Member since Apr 2017
644 posts
Posted on 2/6/25 at 7:45 pm to
Just bought 200 shares @108 this afternoon, and it skyrocketed to 112 later. So happy that I found this treasure.
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