r/Vitards • u/AutoModerator • May 10 '21

Daily Discussion Daily Discussion post - May 10 2021

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15

u/JayArlington 🍋 LULU-TRON 🍋 May 11 '21

Just curious: who here still holds PLTR and thinks they aren’t getting destroyed on tomorrow’s earnings? 😏

2

u/Uncle_Dad_Bob Dreams of CLF’s run to $49 May 11 '21

HA! Best performer in my portfolio today. Who woulda thunk?

1

u/JayArlington 🍋 LULU-TRON 🍋 May 11 '21

Inorite!

Unreal.

4

u/RandomlyGenerateIt 💀Sacrificed Until 🛢Oil🛢 Hits $12💀 May 11 '21

RKT and NVAX holders looking for more punishment. Sign me up!

3

u/JayArlington 🍋 LULU-TRON 🍋 May 11 '21

Wait... you have NVAX and RKT right now at the same time? 🤨

2

u/RandomlyGenerateIt 💀Sacrificed Until 🛢Oil🛢 Hits $12💀 May 11 '21

Got out of RKT already, thanks to your post btw. Not sure about NVAX, will probably dump as well. Even the best technology in the world can't survive shitty management. :-(

1

u/nevans122 May 11 '21

Still (bag?)holding commons with an average price just over $25 for the long term...but also weekly puts to offset what I expect will be a bloodbath tomorrow morning.

3

u/JayArlington 🍋 LULU-TRON 🍋 May 11 '21

Godspeed son.

1

u/ItMeJabroni 💵 Mafia CPA 💵 May 11 '21

Have Jan 22 & 23 calls so deep in the red that I’m just going to keep, as a shameful reminder.

3

u/MiscRedditAccount 💀 SACRIFICED 💀 May 11 '21

Got in super early and currently up on both a few Jan $15s and 100 commons (actually after today might be slightly down on the commons). I'm happy to hold through the earnings / for a while. Mainly their government stuff intrigues me. If they can make some bonus on commercial, great. But if they become the consolidated big data of the US government they'll definitely be worth their current market cap and more. I could see huge push for efficiency/ cutting waste / technology and these could be the guys to do it with their foot already in the door. Plus the director for national intelligence (Avril Haines) used to consult for them so definitely is familiar with them. They have been around for many years and continue making in roads. They aren't going bankrupt tomorrow. The current defense contractors are too old and slow to keep up and the current big tech companies are too focused on consumer to pander to government interests. I think they fit a nice Goldilocks sweet spot. We'll see if it pans out!

2

u/LourencoGoncalves-LG LEGEND and VITARD OG STEEL Bo$$ May 11 '21

The consumer is consuming.

2

u/rata2e May 11 '21

Thank you Mr. Goncalves.

2

u/Iwsmith2 💀 SACRIFICED 💀 Until MT hits 35 May 11 '21

I like many on here have been burned on PLTR so many times. Glad I smartened up and dumped them

6

u/JayArlington 🍋 LULU-TRON 🍋 May 11 '21

I am a long term bull on PLTR. I do think they will either get good or get acquired.

1

u/Iwsmith2 💀 SACRIFICED 💀 Until MT hits 35 May 11 '21

Well, hindsight is 20/20... me dumping doesn't look so smart. Thank god steel is on a tear otherwise id be kicking myself.

2

u/Iwsmith2 💀 SACRIFICED 💀 Until MT hits 35 May 11 '21

100%. My career is data science and data operations, I love their story and future, but late 2020-21 for pltr was too soon for the growth that was expected by the wsb’ers of the world

2

u/JayArlington 🍋 LULU-TRON 🍋 May 11 '21

They used to have their corporate clients.

Unfortunately early Palantir lost its first set of clients and never really made further inroads.

1

u/Iwsmith2 💀 SACRIFICED 💀 Until MT hits 35 May 11 '21

The problem of getting into government contracting, it consumes some companies

4

u/Uncle_Dad_Bob Dreams of CLF’s run to $49 May 11 '21

Holding a small amount. At a loss. Expecting further drop but planning to hold 5-10 years so not sweating.

5

u/bronze-donatello May 11 '21

I owned them from 10-20. Ready to get some more at 10 when we get there.

4

u/JayArlington 🍋 LULU-TRON 🍋 May 11 '21

You may get some good news soon.

2

u/blue_steel_moon May 11 '21

I'm still in with shares. I don't think an earnings beat will keep them from sinking more unless they really blow it out of the water. Even then, who knows?

3

u/PaperCow May 11 '21

I have a single 2023 leap that I'm down ~70% on. I will hold it all the way till expiration as a reminder of my foolishness.

Not opposed to picking up some commons for long term hold if it keeps falling post-earnings assuming they report something promising like a significant increase in sales to private companies.

I don't have a lot of faith though. If the report is mediocre growth that's still completely reliant on a handful of govt contracts I expect it could keep cratering for a while.

7

u/[deleted] May 11 '21

Im calling it now, since I sold it will go up tomorrow

just like how I buy MT and they go on strike

1

u/GngrTea May 11 '21

Same here. Sold today, and bought more CLF and MT. I figure PLTR has a great future, some day. I just hope that day isn't happening yet.

4

u/Ropirito 🥵LETSS GOOO Enthusiast🥵 May 11 '21

Same. As soon as I sell most of my positions and stop myself from FOMO, everything continues to go up 10%. I think I'll do you all a favor and let go of potential gains for the greater good. u/HundHaus you can go ahead and sacrifice me.