Tom Nash
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Important warning about Palantir before earnings today
🕑 Added 2024-05-06 17:55:02 +0000 UTCImportant Palantir update before earnings! The stock is up 7.5% today. It’s up 10% since Thursday last week.
Obviously there is a chance it flies up to $30 after earnings, however with this much euphoria in the market, you have to consider the possibility that a lot of the earnings beat may have been already baked into the current share price, which may pull the stock down after earnings.
Whether you want to mitigate this risk or not, is a personal decision.
For those who have a significant profit on Palantir, and would like to mitigate that risk, you may consider selling 30% of your position before as a risk management move or at the very least set a stop loss should the stock drop sharply.
I have no idea how the stock will behave today. I personally will buy if it drops heavy. Having said that, with so much euphoria going into earnings you have to be very careful.
Hope this helps. Tom
Comments
Raul Neyra
Made some money and buy back my shares, thanks Tom
Dennis Teo
Thanks Tom
Sean Bosely
Nevermind I did sell some. I'm up 75 percent on shares so sold about 20 percent of position in addition to covered calls. If it moons I'm still good I'll buy TSLA
Sean Bosely
Yes. I'm doing that on about 15 percent of position. Not sure about selling today
Dayton Leong
cover calls??
Gary
Well said Tom
Antonio Neilley-M de Llano
Thanks for the heads up Tom.
