Jo Ker
05-07
$Palantir Technologies Inc.(PLTR)$  Hi all! Palantir beat estimates slightly and adjusted revenue forecast slightly upwards but it is still enough for the market at the moment. Looks like a losing trade even if we could have cashed out with good profits just before the earnings report. Well you win some and you lose some.
Can Palantir Return to $25?
Palantir has signed a contract worth up to $480 million. The data analytics company will have a large AI program called Maven Intelligence Systems fully operational by 2029. “The Maven Intelligence System will use a full range of ‘artificial intelligence + computer vision’ innovations to help US soldiers identify targets faster and more accurately. ------------ What's your target price for Palantir? Can Palantir go back to $25? How do you view the new contract?
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Comments

  • mster
    05-07
    mster
    8% drop basically just erase the 8% single day gain before earnings. May just be a knee jerk reaction and be back up and stabilize at mid 20’s
    • Jo Ker: 
      Yup barring any unlikely announcements of new big contracts these two weeks. Those holding monthly call options like me should be counting our losses
    • msterReplyJo Ker: 
      Ah! Yes, this will not be good for Long Call, especially short dated ones, IV will crush a big chunk of the value. 🤞
    • Jo Ker: 
      Well the upwards momentum is lost and unless we regain it within two days, the earnings report trade for long call options should be a losing trade. There is a post market after earnings report rally attempt from $22+ all the way to $24.79. But the price failed to stay above even $24 so things are looking pretty grim. Of course, l will still wait for the main market reaction but l am prepared for a total loss for my call options.
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