$Tiger Brokers(TIGR)$ “Tuesday’s press conference by the NDRC was underwhelming as what was said was a bit empty and the market reaction was not so positive,” said Rui. “The stakes for the upcoming finance ministry event are thus higher to sustain the policy push momentum. “The timing of the next conference, on a Saturday, when the stock market is closed, reflects the consideration to manage market’s response. But there must be forceful initiatives to boost fiscal expenditure.” Extracted from SCMP
$Palantir Technologies Inc.(PLTR)$ The same thing happened with SMCI. Look where it is now. This irrational exuberance has no justification. While I note that it is doing great but the current price does not make any sense. This can be pulled back anytime. One small negative news and it will tank like anything.
$Palantir Technologies Inc.(PLTR)$ The same thing happened with SMCI. Look where it is now. This irrational exuberance has no justification. While I note that it is doing great but the current price does not make any sense. This can be pulled back anytime. One small negative news and it will tank like anything.
The selloff came after Fitch Ratings downgraded U.S. government debt from AAA to AA+ on Aug.1. All three major U.S. Indexes struggled last week, with the $S&P 500(.SPX)$ and the $NASDAQ(.IXIC)$ lost more than 2%, each.On Aug. 8, Moody's cut credit ratings of several small to mid-sized U.S. Banks, and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be tested by funding risks and weaker profitability.Some market participants were concerned the signal could spell more trouble for markets ahead, but others say the pullback is expected given the extraordinary rally in equities this year.Option hedging strategies work best if you're already
$Palantir Technologies Inc.(PLTR)$ The same thing happened with SMCI. Look where it is now. This irrational exuberance has no justification. While I note that it is doing great but the current price does not make any sense. This can be pulled back anytime. One small negative news and it will tank like anything.
$Palantir Technologies Inc.(PLTR)$ Better to sell than regret later. Big institutions will make money and only retailers like us will be stuck. Don't get trapped. Buy when it comes down. While this stock has got potential but it's too early to see this surge that too one month before it is earning call. Also, unlike last time there were not any major announcements other than inclusion in the S&P 500. Time to jump off the boat and make profits.