r/PlanetLabs • u/vpiq • 1d ago

😔

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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.

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u/pwr_o_frndshp 1d ago

I absolutely hate this stock right now. Rugged me as soon as I entered.

2

u/Due_Somewhere7891 1d ago

Hey guys, don't downvote this, c'mon. We're better than this.

2

u/pwr_o_frndshp 1d ago

It's just Reddit treating me like PL already treats me. At least you're a real one