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IboProtrader
Feb 16, 2021 8:19 PM

Approaching the 2nd Best Entry Point Long

Palantir Technologies Inc.NYSE

Description

PLTR sold off on the QE news and now it is approaching the 2ns best entry point after the first day of IPO. PLTR remains fundamentally strong and the numbers are still great for the long-term future. I believe with the shift in the contracts (short-term/subscription type instead of long-term licensing) the company is seeking a more fluid revenue strategy that should help boost the numbers well. I am not concerned about the expiration of the lock-up period as 369 institutional holders believe in the future of Palantir.
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