$PLTR TOP 20
Added 2024-11-05 12:22:49 +0000 UTC$PLTR reported and it was a double beat, Revenue beat estimates by +2% and earnings beat estimates by +10%.
Two things that the market reacted very well too:
1. Increase in guidance across the board (although only +2% on Revenue)
2. FCF increased its margins from +21% to +59% which is a dramatic increase....and as we have seen a lot in this group, Wall St loves when FCF increases.
Price has made a new ATH now in the PM and looks to be moving towards our Wave 5 Target at the 2.27 Fib at $51
Dan Ives has given a PT of $57 this moring....as we can see, this is the 2.618 Fib, which is not unreasonable, in terms of a Technical (not fundamental) standpoint.
I do not see any count that resembles a Wave 4 pull back here.....so let's see how today and tomorrow goes.
The extended set up definitely concerns me now.
Price has run from $20 to $47 since August to November....it's great that we hold this but I always feel more comfortable holding positions with solid structures......as the concern is a breakdown, which could be harsh.
$HIMS structure is far more solid for me right now.
If $PLTR can hold above $45 then I will hold off trimming.....otherwise, I will trim another -20%.
Comments
Hi Cap, maybe stupid question, but i need to clarifyβ¦this will be your second trim of -20% (if it goes below 45$)β¦when you say trimming 20% actually you trim a slice of 20% over the remaining or actually you sell the second portion of the entire portfolio remaining actually with 60% from itβ¦.if i base this on 5 buys and 5 sales (each one on 20%) this means you sell equal chunks of shares? Please clarify this for me
WallyN π·π΄
2024-11-05 12:50:20 +0000 UTC
