I don’t want to name a new ticker, even if I think it’s all smoke (because the mere act of sabre rattling can shake a Never Underestimate An Old Woman Who Loves Quilting And Was Born In June Flower Shirt , and there’s sure to be plenty more of that in the coming weeks as the administration attempts to normalize the plan to create the actual highest cap gains tax rate in the world). So instead, let’s go back through the DD’s (the ones I haven’t deleted because they were no longer effective, at any rate) and update them and where I am with them. This should hopefully, for at least a day, stop people from grabbing a DD from 2 months ago and jumping in then wondering why the trade is different. Oh, who am I kidding, I know you fucks, nothing will stop that. At the very least, it should shut up the small group of people who played the trades wrong and declared them broken. Let’s start from February, so right after the first round of people who “liked the stock”
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$PLTR (then $35) was wildly overpriced based not only on their market cap as a company who’s almost every Never Underestimate An Old Woman Who Loves Quilting And Was Born In June Flower Shirt is already priced in as a result of their reliance upon government contracts, which span years, their reliance upon the courts to force those contracts to be extended, but also because the company insiders were selling stock like mad, George Soros had signaled he was going to sell the 4% of the float he controlled for “ethical reasons” (hah!). Oh, and because Peter Thiel participates in the wrong type of political ideology amongst the tech elite, that he was so unfavored that there would be active attempts to harm his ventures.
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