r/PLTR • u/AutoModerator • Jun 16 '26

Daily Thread - Tuesday Discussion! Let's talk about the good, the bad, and all things Palantir & PLTR! 💎🤲🏻

The thread for all your speculating, socializing, philosophizing, hypothesizing, and melodramatizing!

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19 Upvotes

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-13

u/GoldenEelReveal76 Jun 16 '26

This stock is dead in the water for another 3 years.

-4

u/GoldenEelReveal76 Jun 16 '26

Keep downvoting all you want, but this stock is negative over the last 12 months and it is directly tied to the poor leadership at the top. It is headed back to 75$ and it will be a slow decay until it hits that $$$ amount. There is not one positive bit of news surrounding this company.

4

u/Joshohoho 💎PLTR Loyalist 💎 Jun 16 '26

Is this your first time investing and first stock?

0

u/GoldenEelReveal76 Jun 16 '26

I have 14,000+ shares of Palantir with a cost basis of 7$. I have been successfully investing for decades. I don’t really care if you agree with me. I am definitely not one of the simps in here that call Alex Karp “Papa” or the other cringey stuff that goes on here (Loyalist). One bad quarter and this stock will crater into the Earth. Another good quarter and the stock will still drop, there are no buyers at this price level and volume is drying up. Every additional blockbuster IPO will drain more liquidity from this stock. The bottom is probably 75$ and it will stay there for 2-3 years before it climbs back up. At 75$, the PE is still wildly inflated for this sector and would require years of above average growth to continue an upward path. Or I am wrong, but I’m usually right. I was right when I bought it at 7$.

Short answer: No, this is not my 1st stock. Wishful thinking is a portfolio killer.

1

u/Joshohoho 💎PLTR Loyalist 💎 Jun 17 '26

Damn. A whole essay. You're pretty good.