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Palantir Technologies Inc (PLTR)

NYSE
Symbol
Exchange
Currency
PLTRNYSEUSD
1PLTRMilanEUR
PTXGXetraEUR
PTXGTradeGateEUR
PLTRViennaEUR
Currency in USD
Disclaimer
22.52
+0.81(+3.71%)
Closed
After Hours
22.59+0.06(+0.29%)

PLTR Comments

I liquidated my portfolio yesterday. PLTR WISH PLUG RKT SKLZ AAL COST PYPL GE GM F. Might not be today, but I think the S&P will correct 10% within next 3 weeks. Banks are being forced to sell treasury bonds to increase capital reserves. This will push bond yields further up as well as decrease the money supply. Both will increase interest rates. Corporate tax hikes will be the next catalyst to compound the pressure for a correction. Even though the Fed has been stating they will continue to use all tools necessary for a robust recovery, the writing is on the walls. NQ will continue to correct as well. Fed will need to strengthen the dollar as well. Higher treasury yields will encourage this as higher yields create demand for the dollar. I am staying out of the market until April or May or until the S&P sees 3650. I would tread lightly in the market. Stay hedged. Dont buy too many dips. Prices may stay suppressed. I am a permabull, but I can tell you, something aint right. GLTA
$2 a share? How is that possible?
 My base cost was about $9.80, so when the shares were topping out ahead of earnings I started selling deep ITM calls against the shares, those also hedged about 70-80% of downsidde deltas and when the share price declined I bought back the calls before expiry.  Rinse and repeat, I only captured about $8 and change out of the big decline from about $36 down to the current $22, so I still missed out on gains but pocketed the premiums and still hv all the shares.
ok so you basically shorted it. Cost basis is still 9.80. The rest is profit. Good call man.
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