To The Moon

When I first bought PLTR back in September 2020, it wasn’t through a traditional IPO.

Instead, the company chose a Direct Public Offering (DPO) - meaning everyone, you and I included, could buy shares at $ 10 from the beginning. IPO in another way, were mostly bought up by institution, you and I can only buy it when it listed at a higher price. This is why Wall Street hates PLTR.

Back then, I don't know much. I only know PLTR is very good in data industry and it was co-founded in 2003 by Peter Thiel (yes, the same Peter Thiel who co-founded PayPal with Elon Musk). Me being a Elon musk believer made me believe in Peter Thiel. The company started out building technology for government and intelligence agencies, but in recent years, its commercial business has exploded—with partnerships in healthcare, manufacturing, automotive, and energy.

But my stock’s journey? Far from smooth.

After its debut, PLTR rocketed to $30, but who knows it then crash to $6. Instead of panicking, I took that as an opportunity and bought more shares. I managed to catch the ‘falling knife’ at $6.88 per share. My friends said I was an idiot.

Fast forward to its latest results: Palantir delivered a Rule of 40 score of 94%—more than double the industry benchmark. That means they’re not only growing fast but also making strong profits—a rare combination in the software world.

I haven’t sold a single share, even when it has gone up 10x—because I have faith in AI and believe Palantir will be the leader in this space. As I currently accumulating on healthcare stock, I will still add more PLTR only if it drops 50% which I am very happy to see, so I can add more shares at a cheaper price.