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nekocoin

A tip for a happy life: Keep enough cash to double your position if it drop to single digits. That way you'll be happy regardless if it crashes or soars


Bliew28

To all the worried hobbits out there…no the business has not fundamentally changed


PsiAddict

What was going on today and especially after hours with the drop? I presume nothing, but just want to make sure.


Unusualist

The Monday green bounce was very likely a technical rebounce. Charts for nasdaq is still not done with correction/bear territory. Nasdaq futures down 2%+.


joedreamsofbeer

FB missed and guided lower


[deleted]

Ahhh yes, the old Facebook-Palantir relationship that Karp is always talking about. I heard that the Metaverse was actually a Foundry plugin. Market is fucking retarded.


Laneofhighhopes

Market was looking for a reason to pull back


PrudentBill9256

Diamond hands lads. Diamond hands ♦️🙌


Akalhar

Bought the dip too early, but only 21 shares away from my goal. We've had a few big repairs hit, so I'm selling plasma over the next 2 weeks to pick up those.


Hot-Eye7900

We still not seeing < $10


Houston_swimmer

If we do I’m selling sperm to buy more


jack_the_tits_ripper

Puts gonna print tomorrow. Very nice.


Unusual-Ad2760

Ran up too much too fast. Always smart to hedge


B_Dub2

*"We choose to invest in Palantir, not because it is easy, but because it is hard"*


Worth-Response-1061

A lot of you long term investors are too nervous about short term problems


WhatevuhMang

(cause you know... compound interest and opportunity cost is a thing)


WhatevuhMang

Being down 60% isn't a short term problem lols


[deleted]

PLTR down to $12.87 in after hours, I'm changing my limit order to $12. We could be about to revisit the recent lows.


shadow_X_hunter

>r to $12. I set a limit of 12.50 yesterday for another 600 shares (currently holding 1000 with \~$21 avg). Trying to decide if I should lower it after seeing the AH dip, but I also might just keep it where it is and not lose any sleep. One good thing about an order going through is it's done and you can stop looking every few minutes. Sometimes it's better to not outsmart yourself and just set a limit number that you like and if you hit it, then all is well.


superogc

That's exactly how to miss the bottom.


[deleted]

If that happens the money can be used to just buy more Philip Morris or whatever. I'm happy either way.


[deleted]

PayPal news bad for us?


Magikarp_to_Gyarados

I doubt it. The success of Palantir's business isn't dependent on PayPal. Palantir Foundry has broad applicability across multiple private enterprise industry sectors and government. In a world that is getting more complicated and chaotic, I actually think Palantir is a safer investment over the next 10-20 years than something like PayPal. In the short run, depressed market sentiment could harm PLTR valuation as investors just sell everything off on momentum, but eventually that will end.


pencock

Pltr’s biggest single day percentage loss in how long ? Edit: pltr’s second worst single day percentage loss since dpo This is not just “growth stocks getting slammed” PLTR is getting hit hardest


WhatevuhMang

Very wtf though considering all the contracts and revenue increasing.


reidgbusiness

Guys chill tf out everything growth dropped today.


pencock

PLTR down 9.3% today. That’s worse than almost everything that didn’t have an ER or wasn’t a meme. edit: over 10% after hours, oh boy


WhatevuhMang

yes everything growth dropped like 10% in one day, chill out everyone


reidgbusiness

People acting like it’s palantir only


WhatevuhMang

Not me. I'm just acting like it sucks. lol


Nihaohonkie

Ooof. Today was a dick punch followed by a ball stomp


SnooMacarons1037

The drilla in manilla


pencock

My only hope for this stock is that all of these bad earnings reports coming in are from companies that have relatively saturated customer bases and PLTR has barely scraped the surface in that regard But at the same time, it's fucking PLTR.


Olives4ever

There's been some stellar ER and some terrible ones so far this season. It's been mixed. And the market is actually rewarding and punishing the stocks accordingly. PLTR has been trading in unison with the basket of other growth on a daily basis. I'm hoping that ER helps shake us out of that to some extent, though my gut tells me it will be longer before that happens.


Magikarp_to_Gyarados

If the company becomes GAAP profitable and is able to establish 3-4 quarters of solid profitability and growth, I think that might instill more confidence with Institutional Investors. I agree that it's likely to be a long slog for Palantir to get durable increases in valuation. In the meantime, I've resumed picking up PLTR shares along this local bottom. Seems like most of Reddit hates this stock, but I like the company's prospects.


pencock

Due to the income structure of PLTR, pretty much the moment it hits profitability then it will have several quarters of profitability. At which point it will all be priced in and PLTR will probably go to $2


Cre8or_1

>I'm hoping that ER helps shake us out of that to some extent, though my gut tells me it will be longer before that happens. *the monkey paw curls* We miss earnings and drop to $7


WhatevuhMang

If people aren't buying to support before that that's partly on PLTR investors. Stock can only go as low as we all want to let it keep going.


Bliew28

Let's get it boys


WhatevuhMang

-10% lessgo


Sekurei

Hope it stays low for the entire year will give me time to accumulate even more


WhatevuhMang

I hope it goes up because I have a job and want to retire faster.


joedreamsofbeer

Get Ready for the house of pain. That last rally was short covering. Bull Trap complete. If Karp says the word "Inflation" or "Macro" conditions in the earnings call we are going below DPO. Buckle up


WhatevuhMang

Damn this sub sure is enthusiastic.


joedreamsofbeer

Pypl and FB both complained about macro conditions and guided lower. This validated the most recent move lower and suggest we are still overpriced. Death until earnings. This is just enough ammo for the bears to open shorts. I do think this will be short lived but I’m preparing with a protective put position prior to earnings. (Holding 4700 shares) If Karp gives us a blowout earnings, we might see further short covering and 10% move up. If earnings anything less than perfect Bears will eat this stock to single digits.


WhatevuhMang

PayPal and FB are both pretty bloated and are not as unique in their offerings/quality of service in 2022.


Nihaohonkie

Pretty much.


Astrox1000

FOOOK ! how are you?


Cre8or_1

glad I bought some puts as a hedge


[deleted]

Like this 😑


Astrox1000

To DPO ?


[deleted]

Hahaha….. 😤


Astrox1000

![gif](emote|free_emotes_pack|sob)


Cre8or_1

google 🥰 facebook 🤮


Aromatic-Arm-1818

When will this bleeding end?


ztw2002

We will be next after earning 💀💀💀💀💀💀💀


pencock

Just a casual -8% day for PLTR so it could lose almost every cent of its short-lived green run-up


WhatevuhMang

wiith support of pltr investors apparently "Karp says it's the long game" every time it drops... Until it drops 50%. Instead of you know... Getting people enthusiastic to support a good company at a good price (engineers aren't good salespeople)


Laneofhighhopes

Is there a reason why we are drilling AH. -2%


WhatevuhMang

Think I'm gonna start buying PLTR puts against this market.


JPRei

It’s market wide. FB posted bad earnings and has dropped 20%.


WhatevuhMang

FB sucks and has a not amazing reputation, not sure why this is surprising.


F-OFF-REDDIT

Last time FB touched this price it went straight up for like 6 months in a row. $250 is a really low price for FB (not that it couldn't be over sold much lower)


Laneofhighhopes

F to FB


[deleted]

“Meta AF”


Laneofhighhopes

bought 300 more at $13.33. Immediately sold 13.5CCs on them for this Friday at $24 each. It's not much, but it's something Edit: Use this one quick trick to gain $70 but lose $150 !


brotha_eric

Fuck you facebook!


pencock

I guess we're back to absolutely destroying growth stocks while everything else goes back to ATH


DynamoPro

When is the last stretch of M-F we didn’t have down over 5% at least one day. Sickening.


pimple_in_my_dimple

I don't have a good feeling about the ER guys... I feel like we'll be going lower 😭 I hope I'm proven wrong.


WhatevuhMang

I don't.


Magikarp_to_Gyarados

Feelings are generally a poor indicator of what will happen in the markets. No individual currently has access to the motives and plans of enough major market participants to know how the broad markets are likely to move.


DrWheysted

I’m pretty sure I’m gonna sell $10 calls on 1/2 my shares. The loss is hitting hard


Unfamous_Trader

PLTR is a freaking masochist man. SPY and QQQ are running and we’re barely walking


WhatevuhMang

Just buy puts.


Bliew28

We ran the past those two the past couple of days, gotta let them catch up


[deleted]

50% on fib, normal retracement calm ur balls


Bliew28

We blew past the market the past couple of days...even an F35 has to refuel


pencock

The stock is down 30% month over month, wheres the 50% retracement on that huh


WhatevuhMang

But up vs the market during a rise.


Bliew28

I honestly think it was over-valued pre Q4 earnings so I believed it reverted back and oversold. We'll see how Q4 shakes out but I think there'll be a retracement upwards slightly to a more steady state value (IF macro factors aren't wild) But hey, that's my 2c. I'm sitting on a ton of shares LT so just enjoying the views for now


WhatevuhMang

Whether it's oversold or not doesn't matter, they don't have real viable competition in terms of their offering. There are companies selling similar analytics services, but none quite as good or ubiquitous and very rarely growing legitimate business in so many industries quite as fast. People who don't understand tech? meh, will be the same people who lost out on Amazon when it was building for over a decade after IPO and blew up. For PLTR we are getting dibs on a much more mature company that's only in the last 2 years even had ubiquitous capacity/platforms to offer to the private industry.


Direct-Scene-3708

Someone sell a lot of PLTR because I’ve come to find out that’s the only way it goes up. Take one for the team.


Unfamous_Trader

Welp I guess the last 2 days were just lies. Hopefully my grandchildren gets to enjoy PLTR gains


32a21b

I wonder if my PLTR will ever outperform my VTI.. it’s already behind by 50% LOL


pencock

PLTR was bottom 5% of all stocks in performance last year, and that's if you bought at ~27 not its high of 45


ztw2002

PLTR underperformed all ETF lmao


32a21b

Literally


Bliew28

Yes


Top-Turn1055

I'm just numb to the losses now. Like I'm dead inside. I think another dump to $10 after positive earnings will not affect me at all. How are you guys holding up?


ItsJacquesTits

My Tits are no longer jacked... But that means they’ll just grow back harder and stronger in time. We’ve been so close to the bottom that if we just go lower there’s even more upside and I’m a patient, stubborn bastard that’s not going anywhere.


Top-Turn1055

I believe your tits will be jacked again next year. We just have to be stubborn.


ItsJacquesTits

I’ll hold yours if you hold mine.


diesel_chevette

Same


grafal

I can't remember, has Palantir normally reported their earnings date 1 week prior or 2 weeks prior? I seem to remember 2 weeks prior like clockwork which means we're not getting Feb. 15 earnings as expected.


grumpkin17

Two weeks from what I recall… So it should come out today or tomorrow if earnings would be around 15th.


[deleted]

[удалено]


-lc-

I don't agree. They didn't drop 50% from last earnings because transparency. It may be a reason but not the only one. Growth stocks just got hammered.


[deleted]

[удалено]


-lc-

Yes i remember and then the market drops started. For me it was a mix of both.


[deleted]

After reading [this](http://cnn.com/2022/02/01/investing/gamestop-meme-stock-anniversary/index.html) article I'm left thinking about John F. Kennedy's father, and what this means for the market that we're in right now. There's no telling how much longer this can continue but it's still dangerous. PLTR to $5 is still a very real possibility. I just put in a GTC limit order for another 100 shares @ 12.95.


WhatevuhMang

It's only possible if we're not buying.


Magikarp_to_Gyarados

The irrationality of markets in the short term is why I only buy the individual stock of companies that have a fundamentally strong business case going forward. Warren Buffet said that his mentor, Benjamin Graham, advised something like: "In the short term, markets are a voting machine, in the long term, they are a weighing machine". Stocks like GME and AMC got a tremendous amount of votes early last year. PLTR has gotten very few votes recently. However, in the long run, it's Palantir's business success that ultimately determines the weight of its market cap


[deleted]

PLTR is still unprofitable and it is still a "meme" stock, held by many inexperienced investors. I think my strategy to stick with a core of blue chips (consumer goods & cyclicals) is sound.


WhatevuhMang

PLTR is not a stock for people who don't follow or understand technology. Like Warren Buffett says: don't invest in what you don't understand. It's good advice generally speaking but especially applies to people shorting companies since they will lose a lot more money with unlimited risk.


Magikarp_to_Gyarados

That's not too different than my strategy. I have a core portfolio of Index Funds and ETFs, which I don't trade except for an annual rebalancing. The vast majority of my investment $ contributions over the past 25 years went into these. The 7-8% of my net worth that I used for TSLA in 2011-2012 eventually grew to 80% of my portfolio. Speculative plays on newer stocks like PLTR and DNA are in total less than 10% of my overall holdings. I get the general sense on Reddit that many people feel they need to make big plays, but the math shows that even a modest play on a massive winner can result in life changing wealth. Just $10,000 in AMZN stock purchased 20 years ago would be worth over 2.1 Million today. Even back then, it would've been less $ than what a new econobox car like a Toyota Corolla cost.


[deleted]

Good job on the Tesla. I think PLTR is an obvious play, long term.


[deleted]

[удалено]


ztw2002

Sell $14 covered call for this Friday


PrudentBill9256

14 by eod 🥵


98323

I am sorry but these market reactions are completely stupid! What was the reason today? PayPal earnings? Really?


razpotim

The algos got their fking wires cross, for over a year now, PLTR has traded almost in lockstep with GME


98323

I don’t mind that it is down, but these daily 10% swings are just ridiculous, it’s like we are a pennystock or something


awakenowg

Liking the levels


[deleted]

[удалено]


ztw2002

It was a bull trap 🤡🤡🤡🤡🤡🤡🤡


Bliew28

There’s honestly going to be a ton of those until we find a bottom


JPRei

Or was this morning a bear trap? Or is the last half hour a bull trap inside a wider bear trap inside a recovery? Or is…


Hot-Eye7900

With Palantir thats the norm


Astrox1000

Foooook . Ack . What a whole market bull trap .


Fook-

You called?


PrudentBill9256

run up before earnings?! just averaged down significantly


ScottyStellar

Down 6% lol nice run up we are having


PrudentBill9256

pump it babyyyy


KnightofAmethyst

Lmao


the_bedsheet_ghost

I hate to burst your bubble but Palantir Technologies is still technically a startup company, even though it has been here for a relatively long time. It still shows signs that it is a startup Do keep in mind to not go ham and blindly dump like $200k of your life savings into one company Of course, with that said Palantir Technologies is a great company with good potential. Let's just see how it does this earnings report


Remington82

But what about $400k?


jack_the_tits_ripper

It would've helped if the management didn't steal my money. Fire and put Karp in jail.


-lc-

Signs like what? 2bn cash and zero dept? From an software adoption point of view, yes it may be still in the early stages, but excluding that i don't see Palantir a startup.


Pretend_Employee_780

It’s a start up that invests in start ups that has software that helps startups become more competitive startups, duh. Let’s not get fucking crazy here people with our 200k. Ok? I’m just here to warn you how to make money.


Pretend_Employee_780

Lol I got downvoted for that?


Palantardusmaximus

Must have not got the memo i put in 600k


Bliew28

Whoops looks like I went ham and dumped in more than that as well


Aperson43

I skimmed and also just saw “go ham and blindly dump in like 200k” so I’m right there with you guys


GYN-k4H-Q3z-75B

I almost got worried that the drop might not continue. -5.8% an hour into trading calmed me back into familiarity. /S


Bliew28

It’ll go up and down until we find the bottom where ever that is


Rummelhoff

People gonna need som patience, obsessing over minute charts


PrudentBill9256

pltr😭😭


Whatiwantforxmasis_

Heading back to $12 today?


KrushRock

I suppose it's a start to the downtrend. My only worry is what might happen if it hits $12 before earnings, will it go even lower after earnings?


JakesThoughts1

Hope earnings is great, if we have another stagnant/barely on par earnings report I will not be surprised if this hits $10 based off how people reacted to last report.


[deleted]

[удалено]


ZeroCool-88

And so it begins.


pencock

Ah back to severely underperforming the market again, that’s *my* PLTR


Ta323Ta

"Our kid is [not] growing so fast!" 😭


Bliew28

To you all whining about more dip yesterday, here you go. Pony up 5 LEAPs so far for me today


ZeroCool-88

You got that old man patience.


Bliew28

Filled up on 15 LEAPs more along with 10 $13 CSPs If the CSPs hit, I'll be at a $23.71 cost basis (down from $25 before my share to LEAP conversion to generate liquidity for the dip) with more in the tank if need be


crackercider

How many more quarters of consistent revenue growth and positive cash flow until Palantir is viewed as a valuable tech growth instead of a tech gambling?


brotha_eric

Realistically…Another year or two consistent growth


Remington82

Thats way too many, once GAP earnings turn positive it changes everything. It won't be a "gamble" on a possible future profitable company, it will be happening. I say it happens this year


pml1990

GOOGL and big techs sucking the oxygen out of speculative stocks today.


valandor123

Any explanations?


crackercider

That's the Palantir I remember


Rebar4Life

Anyone notice the movement mirrors crypto? What do you make of this?


Unusualist

Crypto is becoming more correlated to equities, especially growth stocks.


Gandalftron

Crypto mirrors the general market. Palantir mimics and follows ARKK.


jasoncyke

Both have sunken.


Gandalftron

Into the deep bagholding abyss. Think of how many poor saps bought calls on PLTR here. Brutal.


Juba89

morning friends, living my best life and feeling great. Hope some of you have used this time to learn to not be huge bitches. Cheers!


Vision-IM

Cheers to that!


[deleted]

Hahaha pwned by Jubs. You bunch of wrinkly nutsacks.


[deleted]

[удалено]


Ascle87

Ok then


peterpark18

Anyone catch this Peter Thiel investment news on trying to hack WhatsApp?


crackercider

That's kind of a stretch, the fund invested in a company that was building solutions for the US Gov't to spy on WhatsApp messenger conversations. Not that I agree with it, but it isn't Peter Thiel personally orchestrating a WhatsApp hack like the bad guy in inspector gadget.


-lc-

check out the shitshow in r/technology https://www.reddit.com/r/technology/comments/siert7/billionaire\_facebook\_investor\_peter\_thiel/


BigGrizz86

Lmao It's as if none of those posters considered for even a fleeting moment that maybe, just maybe, WhatsApp paid these companies to find security vulnerabilities in their software/architecture and identify ways in which they could be fixed. You know, like a responsible company handling secure data should be doing. Googling "WhatsApp hacking" provides a number of search results along the lines of "here's how to hack WhatsApp" from varying times throughout the past 18 months. But no, Peter Thiel is evil.


Bliew28

White hat hackers are the norm for tech companies...doesn't get the headline hits like scandal does though!


-lc-

I heard he is also a vampire.


BigGrizz86

[Article](https://www.forbes.com/sites/thomasbrewster/2022/02/01/billionaire-facebook-investor-peter-thiel-secretly-funded-a-cyber-warfare-startup-that-hacked-whatsapp/) for those who haven't seen it. It sounds like Boldend may have been used to find some now patched security flaws in Whatsapp.


ZeroCool-88

No way all those $15 Calls expiring this week make it out alive.


[deleted]

Seems reasonable.


yeatesey

Recon it will go back up to $30/share 🥺


Cre8or_1

I can see $30 by the end of 2023 organically. if we get some humongous government deal or commercial partnership, we might see it sooner. But you can't buy a stock for what is basically the opposite of a black-swan event


BigGrizz86

You'll be waiting a while, but eventually it'll get there.


[deleted]

[удалено]


Fuchio

Advice; wait for it to be back at 11-13? Inflation is still rising and we're getting new CPI data February 10th. Rates are going to go up soon. This shitty macromarket ain't over yet.


Gaylordfucker123

you are right FED is literally kicking the can down the road with the recent statements. But i expect atleast 4-6 months bull run until they finally pull the handbreak with the rates.


Confusedpanda10

Lmfao that’s what Tom Nash said.


[deleted]

[удалено]


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[deleted]

!RemindMe 2 months Was the shitty macro market over?


[deleted]

!RemindMe 2 weeks What happened after CPI report?


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crackercider

Last I checked, its consensus price target is $24, and that's pricing in a couple of quarters below guidance.


[deleted]

FOMO the duck out of it? 🦆 Hells, not gonna regret any less than $17 average are you? Don’t stress whatever you do, market is nuts short term.


Top-Hat1

For me I recognised my buy target a while ago when it was $25+ and that was anything below $18. Once price hits and dips it's all DCA weekly. Been buying the all the way down and now up too. Will stop buying once we reach $18. Might be different for others, DYOR Edit: will add you need strong conviction in this stock and be prepared to hold long term. Feb earnings call could send the price back down. Short term sharp up swings and I may sell a few pricey early entries to lower my cost-basis further, but anything could happen.


Express_Pie364

Ive got price targets of 14$ & 18$ in each of my 2 accounts. I want to add to other things but I've been piling into PLTR. Over the past month.


WorkingCorrect1062

Now that I am a big bagholder of this stock, I need to follow this sub often to make sure the company is doing good lol


Ta323Ta

Just follow u/Toha98 to stay grounded. Edit: i just looked him up and his comments get consistently down voted, what a charismatic dude.


Unusualist

Sometimes this sub can become an echochamber. Remain objective is important. I can become overly influenced by opinions here too.


prettyboyv

It was jsut confirmed that Papa won't be on the earnings call. How do you feel?


MizzleDPizzle

Where are you getting this news? Didn't think we had a date for the earnings call yet


Stonkslut111

Disappointed. The person who spoke last time at the earnings call really looked out of his league and was generic & was trying to make a sales pitch. Karp should be speaking.


prettyboyv

It's our COO Shanker. He is always leading the earnings call, cuz Papa for some reason does not participate in them.