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
Made some money and buy back my shares, thanks Tom
Raul Neyra
2024-05-07 13:57:30 +0000 UTCThanks Tom
Dennis Teo
2024-05-06 19:50:01 +0000 UTCNevermind 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
2024-05-06 19:43:40 +0000 UTCYes. I'm doing that on about 15 percent of position. Not sure about selling today
Sean Bosely
2024-05-06 19:03:59 +0000 UTCcover calls??
Dayton Leong
2024-05-06 17:59:38 +0000 UTCWell said Tom
Gary
2024-05-06 17:56:40 +0000 UTCThanks for the heads up Tom.
Antonio Neilley-M de Llano
2024-05-06 17:56:26 +0000 UTC
