Hello Trading Legends,
Let's have a quick look at one of the most popular ticks lately - $PLTR. I've been trading it quite heavily in the past and the results were more than satisfying!
It's not a secret the stock took quite a lot of beating lately, however PALANTIR managed to build some sort of cult and it reminds me of the early days of Tesla.
The Stock is trading sharply up today after announcing a massive $800M contract with the U.S Army. It needs to be noted that's a contract expanding over 7 years period, which makes it around $130M per year. Not a substation amount of money when you compare it to PLTR's $45B market cap. Government contracts are always solid signals and this one is not a small one either... would that make $PLTR too big to fail and would that bring more contracts? I guess we have to wait and see... Based on the current information and data it's hard for me to predict what the stock will do.
I absolutely love the company and the stock, however at the moment I don't see any strong signals in what directions the stock might go.
Will sit and observe but for now I'm staying neutral.
My first post here, hope you liked it.
Good luck and may the odds be in your favor, Trading Legends!
Noir21
Let's have a quick look at one of the most popular ticks lately - $PLTR. I've been trading it quite heavily in the past and the results were more than satisfying!
It's not a secret the stock took quite a lot of beating lately, however PALANTIR managed to build some sort of cult and it reminds me of the early days of Tesla.
The Stock is trading sharply up today after announcing a massive $800M contract with the U.S Army. It needs to be noted that's a contract expanding over 7 years period, which makes it around $130M per year. Not a substation amount of money when you compare it to PLTR's $45B market cap. Government contracts are always solid signals and this one is not a small one either... would that make $PLTR too big to fail and would that bring more contracts? I guess we have to wait and see... Based on the current information and data it's hard for me to predict what the stock will do.
I absolutely love the company and the stock, however at the moment I don't see any strong signals in what directions the stock might go.
Will sit and observe but for now I'm staying neutral.
My first post here, hope you liked it.
Good luck and may the odds be in your favor, Trading Legends!
Noir21