Yep, everyone's bleeding to the teeth... More leveraged folks had to make decision on their margin calls... It hasn't been pretty...
But as a friend told me recently,
"All markets are red
Just a matter of when and which
stocks/coins rebound first
^Disclaimer: Above is not a Haiku poem (but yes i formatted it as such)
So back to...
Love the stock and the company so got nothing else to do but wait this out. Holding about 20k shares.
Short-term PT --- R1 $6.53 R2 $6.72 R3 $7.63-7.67 ... Near-term PT ~ $13.52 ... Long-term PT ~ $40-60 (let's settle on $50).
Let me know what you guys think.
$40~63 PT (3 to 18~24 months)
$PLTR - solid business fundamentals, YES stock price is expensive but lots of solid business deals in the pipeline (with the government - very sticky), $40 SP is fair value relative to what the other crap is happening such as $NKLA (really crap).... and like crap stocks but with good stock technicals such as GME, AMC.... PLTR is a...
Haha... feels like i'm saying these breakouts are imminent for alot of stocks... but the charts don't lie.
Bullish on ALYI, BNGO, IPOE for US stocks.... MVMD and CRL for CAD stocks.
Cheers! Let me know what you think!
I know most of you are probably disappointed that NIO didn't pop to $16+ yesterday. Rumors have it that JPM are dumping the stock for the limit orders and/or for their calls.
Nevertheless, judging by the technicals... it looks like that $16+ jump is just around the corner... my guess is that it'll be $16+ by the end of the week or next week.
Steady hands, my...