What Did You Buy Today?

[Otter]

(12-02-2020, 01:52 PM)vbin Wrote:

(12-02-2020, 01:42 PM)divmenow Wrote:

(12-02-2020, 01:23 PM)stockguru Wrote: Where are all the cheerleaders who bought PLTR, U and WKHS on here? They have been hit hard in recent days. Are you adding?

That's what happens when you join the Robbin Hood fools in pajamas 

These stocks wont see any profits for years and they were all bid up on impulse. Give me FCX and VALE who are in a uptrend and and will have a profitable next few years.

I have PLTR, Mostly bought at ~9 and some at ~15. Anyone who believed that the casino we saw in PLTR will sustain would be a fool. Selling PLTR or not depends on what's your investment theory. Are you in for a quick trade or you believe in the company long term. I strongly believe in the tech space, problem and business model PLTR is in. That's why dint sell out at $33. If it drops ~15, I might add more.

This. My cost basis is $10.10 on PLTR. It is all pure profit at this point (sold half for about a 125% gain to get my initial investment back and cover the tax liability). The rest will just ride unless I see something that makes me question the viability of the business. 

That sort of strategy is about the only way I feel comfortable with MoMo stocks. Initial stake that you are willing to see go to 0, sell half to get your initial stake back if you are lucky and it doubles.