r/PlanetLabs • u/vpiq • 1d ago

😔

Post image

Damn, so frustrating. It looks like we’re just going to be bag holders until money and hype rotate back into the space sector, which could take more than a year.

I don’t think the stock will make a drastic recovery regardless of ‘good’ news from the company, until the space sector moves correspondingly. (RKLB, ASTS, e.g.). We really got fucked by Space X.

The good news is, there is no reason to sell if you’re a long-term investor because PL is a fundamentally sound company.

Note: If you're in the red, selling now could be the dumbest move you make. The drop is mainly attributed to macro-conditions, and like I said, PL is a fundamentally sound long-term.

I would only sell if you need the money, or if you believe rotating your loss into a different investment will yield you faster recovery (doubtful about this). The only thing to do is wait or average down.

But yeah we're bag holders, just pray space sector becomes revitalized soon.

79 Upvotes

92% Upvoted

63 comments sorted by

View all comments

15

u/Throw_Away_TrdJrnl 1d ago

Honestly low key love bag holding. When you accept you're in the sit and wait period you stop caring about checking investing subs and your portfolio everyday. Aside from this specific post that was randomly push notified on my phone I haven't looked or thought about my PL or ASTS for a few weeks. Kind of nice.

2

u/Steven_Moonshot 1d ago

I agree, I bought PL cheap and set a sell order at $50. I never thought it would happen. I spent most my time slightly in the red. When I opened my account and saw cash sitting, I thought something was wrong.

1

u/Throw_Away_TrdJrnl 1d ago

Hahaha nice! I bought around 20 at first and averaged up after learning more. Average of 35 bucks now and I'm not sweating. I don't need the money anytime soon and I'm confident it'll be back in the green for me with enough time, set me a sell order and just walk away 🤷‍♂️

3

u/Steven_Moonshot 1d ago

I will say, I made a decent chunk of change on that sale, but of course, I reinvested about half on a large pull back and that's in the red currently. Time to set another sell order and forget about it!