$Palantir (PLTR.US)$ it bounced right off its weekly moving ...
$Palantir (PLTR.US)$ it bounced right off its weekly moving average you've got earnings coming out this week if we have a down day on Monday this will break right through it's moving average so just a word of caution.. support would be $21
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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BFSkinner : True but pltr is a long play. Unrivaled in it’s space SAS is unlimited subscription future revenues practically guaranteed
BFSkinner : Now is the chance to get in cheap before pop Monday. NFA of course but this could be a big one
adding personally b/c I like the company.
10baggerbamm OP BFSkinner : I don't disagree with you however price is a short-term evaluation relative to their business there's many companies that will sit depressed for a long time despite their business growing and if Wall Street turns a blind eye on this sector for two or three quarters it could drift back down to $20 or $19 that's all I'm saying
10baggerbamm OP : if you're playing an earnings play I would do a call option you know get one that expires the end of the week or 25 strike something like that I mean it's going to be very difficult for a stock to advance in a market where there's a lot of limit orders to sell hanging over individual stocks and baskets the only good thing potentially is we're pretty much through the tech earning season aside from broadcom coming up and Nvidia the bulk of them got hit this week so maybe next week it'll start to rebuild I don't know it's totally a crapshoot
71732910 : There's a gap to fill below 20 if I remember correctly so if it does I'll be grabbing quite a few to lower my average.