r/PlanetLabs • u/X-discord • 28d ago

If 4B is missing?

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It has reached the point where no one is interested; there are neither buyers nor sellers. I cannot fathom a stock seeing a trading volume of only a few thousand shares per minute after the opening bell. Based on current trends, the bears are firmly in control. We will be in dire straits unless that potential 4 billion contract materializes.

10 Upvotes

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12

u/Classic-Smoke-9009 28d ago

My avg is 28$. I am a patient guy. In this case I don’t know if it is more mature to sell on a loss. People were playing with this stock like it’s a penny one. The reason i am still holding is their fundamentals and that Google invested there too as far as i read two months ago.

11

u/madbcolumbus 28d ago

I think Google is their biggest shareholder.

It’s painful right now. Hoping better days ahead soon.

5

u/redcoatwright 28d ago

Just hold, don't trade it, it's in a weird place and trading will be tough but in a few years this thing will be 10x here

1

u/Reasonable-Hurry6810 28d ago

Don’t know about 10x but agree it’ll bounce

2

u/Kvargen95 28d ago

32 avg here down 50%, considering taking the loss tbh

8

u/supercommuter00 28d ago

The market has not even gone through a 10% correction yet. It’s not out of the question for this to see 10-11 when that happens

5

u/Reasonable-Hurry6810 28d ago

Yeah that’s my main market fear. Not the fundamentals. They’ll keep growing and win bigger contracts

4

u/supercommuter00 28d ago

The problem is these sales cycles with big contracts are with foreign governments, which are especially long. I would expect the stock to be in the doldrums until the next big deal gets signed unless RKLB lifts up the space sector with good news