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Funny... I was in Palantier in the 20's... sold in the 40's. Bought more in the 70's...sold all at 118... bought back at 122 after it bounced back from its April lows in the 70's again... and sold again at 170 after earnings...and the thing is still going up. Crazy.
Definitely sit on any of these new up and comer defense companies right now. The old pillars of the defense industry are being shaken very hard and it's going to continue because we are enduring major shifts in doctrine. Gotta admit I'm a little worried with Anduril that they will cash in when they go public and the leadership will change over, which would not be ideal (however I will still buy their stock woooo). But the new defense companies who are fluent in AI integration and focus on drones and unmanned aircraft are cash cows.
Yep, I often do the same. Recently though have been burned by being cautious. Sold a few pre earnings after a nice gain and the stock exploded after earnings or continues to explode after selling post earnings... like Palantir and another was ALAB. Bought at 96, sold 140 pre earnings... now in the 190's days after selling. Ugh...
Yep, I often do the same. Recently though have been burned by being cautious. Sold a few pre earnings after a nice gain and the stock exploded after earnings or continues to explode after selling post earnings... like Palantir and another was ALAB. Bought at 96, sold 140 pre earnings... now in the 190's days after selling. Ugh...