$Palantir Technologies Inc.(PLTR)$ its a tricky one. I missed the boat completely and only got in at $69, after I kinda figured them out enough. Alex hasnt really impressed me in his speechs, does not really explain things clearly. He is obviously brilliant, but you can't be good at everything i guess. His writings are a totally different story, clear and concise.
Can palantir go to $150? I'll reserve my opinion until i read his upcoming book. But i will slowly add to my position on dips. Im sure there will be some downward pressure at some points. I think institutional investors are kicking themselves and will try to push the price down to buy it. But there is no way im selling. This is a ten year plus hold and accumulate. The TTM P/E is not relevant. This company in my humble opinion represents exponential growth.
Would i buy calls? Thats my standard way to increase my position. I buy calls, sell most to excise others with the profits. But in this instance at over $100 the stock is up there for doing that.
The interesting thing i find from an emotional investors perspective here is i kind of had a FOMO feeling buying at $69. Now at $102 im relaxed. Obviously im regretting not pulling the trigger at $21 but hey... succeeding at investing is all about making rules and following them, if they proove wrong you change the rules. I didn't invest because a fundamental rule i have is don't invest in anything you don't understand. Sure I missed out on a 5x, but now i get palantir i feel comfortable with the investment. If it drops to $90 im buying. $80 im buying more. But that's extremely unlikely. Realistically i think it will go sideways until the next earnings call.
Another thought is would i sell my other growth stocks that are seriously overweight in my portfolio now? Im talking about $Rocket Lab USA, Inc.(RKLB)$ and $SoFi Technologies Inc.(SOFI)$ And the answer is no. I wont add to rklb because i own too much relative to my portfolio, I consider it at full value atm, but if all pans out this year it could go from $28 ish to $40 this year can't sell.
Sofi, at $15 its really cheap, its worth at least $18... if not $25. So i have calls in place to take advantage. Purely my opinion not investment advice. Whereas palantir at $102 is expensive for now. So i won't be selling any of my dividend stocks to buy palantir either.
More likely i will use profits from calls that are cheap atm to accumulate everything that in my brain has huge potential. The odds are in my favor so far in 2024, January was a rocky month, down usd12,000 at one point but up usd5,000 in the end. and i also pulled out $5k to fund stuff that will change my life. February is less volatile so far, but early days.
I think a common point i make often in my posts is have goals. And have a strategy to achieve them. If you find this article interesting a like would be great, but friending me is better if you want to read my journey so far on tiger trade. Mistakes, ive made a few, and i mention them. While i mite be up over 1000% on my portfolio in under a year, it would be more if i hadn't screwed up a couple of times. Par for the course, and im only up 12% so far in 2025, but im not bothered. another rule i have is always go long, broke that rule in December last year and am paying for it now. Granted, its not massive, $gsat I thought was great, cause it was backed by apple, then apple turned around and said we will no longer be gsat exclusive, we will go with starlink too... bugger, didn't expect that, down $300 ish. $nep a dividend aristocrat with 25 years of dividends and dividend growth cut its dividend to zero. Didn't see that coming either $1,500us loss on paper there too.
But then again im up over usd20,000 on $rklb, and usd$4,000 on $sofi. Its just my mentality, i hate losses. I am the emotional investor guys and girls, i call myself that cause its kind of an oxymoron. Be emotional but understand rationally, you emotions. A simple point to bring it home, if you have $1000 invested, will u hurt if your portfolio goes down $100 in a day? Probably. If you have $50,000 invested and your portfolio drops $12,000 in a day are you even capable of making a cup of tea? Doubtful. Hand me a beer, actually make it a dozen! Hopefully its cold, to Aussie standards. Im a kiwi but Australians have perfected the chilling of beer, the British... no clue.
But i digress, train your mind to deal with the ups and downs of the market, expect the positive news on a stock to cause it to go down. Not logical, shit just happens. Today, tomorrow doesn't matter. The sheep have a very short life span, because sheep are stupid, very very stupid. Understand the future potential of a stock, listen to the news, evaluate it. Nonsense or well considered... 95% is nonsense.
I think it was George orwell that said knowledge is power. Diversification is what we are told is the best investment strategy, intensification is also a valid strategy btw. know everything about a few things. I just go with knowing alot about A little, and buying the index cause i know nothing about a lot.
Happy trading my fellow tigers ;)
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