Hubert Senters here.
Had a question from a member of the other day in the member’s area if I was still long Palantir, PLTR.
Yes, I am. It’s a little bit more of a longer term hold for me. I started building it up when it was in the $20 area and I’ve been adding to it ever since.
I think I’m long at $23. And I think some at $25. And I’ll be adding on the way up to. And they asked what my ultimate target was.
I’m looking for a target of $40 and then I’ll make a call based upon when it gets up here and test those all time highs.
But I think $40 would be a good area. I actually probably. Actually, here’s how I like to do it.
I want to get a line it goes through more of these candles then not which is a high tech way of saying that’s only one bar, that’s two bars, that’s three, that’s four.
And there’s five. There’s six. There’s seven. There’s eight. So I would say $36 to $38-ish. $36 to $38 would be my target so around $40 like I said earlier.
And then if it can get to continue to climb if it cuts through there like a hot knife through butter once it gets up there.
Obviously, I’ll just liquidate some of it not all of it. And then I’ll hold it for a little bit longer term. But it’s the question I’ve got and I figure you guys might want to hear the answer.
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Hubert.