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Congratulations to everyone who bought Palantir.
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11.23.2020 | 3:04 PM ET
PLTR lock-up period expires around the tail end of December and this has ramifications for you as an investor. PLTR went live on the NYSE as a direct listing which means it wouldn't have been heavily molested by Wall Street middle-manning but since it's hot **** you can definitely expect insiders to sell off anywhere between 5-10 days prior to expiry to drive downward pressure for buybacks. Whale investors will cause the price to dip unless there's a huge price run caused by new buyups which could absolutely happen. There's, I dunno--I'd say a near coin-flip chance we see a price run that drives it up to around 30$.
I think you should hold through the shenanigans. It's tempting to take the money and run, but Q4 earnings are yet to be reported and the company has big solid money coming in through in 2021 via military/NIH/ and aerospace renewals. Also consider that investors have had the opportunity to sell their shares for 15 years and haven't. A big employee dump seems very unlikely. It would have happened earlier.
It's performed brilliantly thus far. Along with ICLN it's just been a money printer in 2020 (too late to go in ICLN now FYI).
Cheers!
Responses
11.23.2020 | 3:11 PM ET
"I’m here to snatch necks and cash checks" - Darrick Minner
11.23.2020 | 4:21 PM ET
11.24.2020 | 2:11 PM ET
"I am the greatest blonde man in the world. I am Tru Viking." - Alexander Gustaffsson / "The world must bow to my glory. I am a God amongst mortals. They must pay me tribute in wine and concubine for my deeds." - Jon Jones "
11.24.2020 | 2:11 PM ET
"I am the greatest blonde man in the world. I am Tru Viking." - Alexander Gustaffsson / "The world must bow to my glory. I am a God amongst mortals. They must pay me tribute in wine and concubine for my deeds." - Jon Jones "