Best I can explain it, consolidating apps and data into a usable interface and platform. (Plus much more. Integrations across the company) Large legacy companies have a lot of legacy data that is not shareable or useable across apps. I believe Palantir helps solve this. Read their Offerings and Impact studies. From my work experience in IT in the past, this sounds like gold.
That makes some sense too. Plus Peter Theil. He’s earned my investment trust.
I’m thinking long term on PLTR. Like 5 to 10 to 20 years out. Like giving my kids this stock. I’m not looking to retire on it.
I haven’t checked a whole lot today, but in the morning it looks like the hedge fund managers were mounting a pretty successful dump off to get the shares under a dollar
I followed the discord and reddit all day while I worked. They were battling hard to keep it over a dollar. It was a fun watch but lots of ups and downs. Accusations of naked shorts at one point by some media influencer @ing the SEC on twitter.
I joined in here or there with a little buy, just in camaraderie. I love this type of little guy stuff. I think they are up against Goldman and Citadel.
they need to hold at one dollar or above until the 28th happens then a bunch of short contracts expire is the theory. The stock is like 95% shorted so there is hardly any float, apparently.
Yea I only have a couple hundy in. I feel for all the cats who dumped in their savings. I’d be sweating it hard if I had thousands in. The Hedge funds aren’t going to give up easy
LOL…the average man (retail trader) should not be able to outsmart Wall Street, thus, we have to ban him.
“E-Trade, the Morgan Stanley-owned brokerage Gill uses, is holding internal talks about whether to ban him from the platform, according to a Wall Street Journal report.”
Unreal that with all the shady shit hedge funds do E Trade considers banning one guy just because he’s smart enough to buy and hold shares that HFs want sold