What's the over under on Palantir actually generating enough profit to justify its totally insane P/E ratio. Google says its trading over 600x. I'm seeing an absolute shit ton of bearish options coming in on the unusual options, so it's not looking too great.
I sold my Palantir shares months ago so its probably going up
>>61241057Palantir has 100x its stock since its introduction. My question to myself was how much higher was it likely to go, and how easily could I determine when it was beginning to peak. PLTR seemed unlikely to do another 10x (making 1000x overall) as that would put it in rather rarified territory of Apple from 1997-2020, Netflix 2001-2020, or Tesla 2011-2024. OTOH its stock price was still going up reasonably quickly despite the extremely elevated P/E, so while I was fairly sure the additional increase wasn't going to be 10x, it's possible that it could be as much as another 3x. A further consideration is that I had very little visibility into how much business Palantir is actually doing (outside of its quarterly reports, upon which the company can exert its thumb), whereas Apple and Tesla's value could be seen all around me every single day in a way that was difficult for them to fake. So I decided that it wasn't worth chasing a possible 2x-3x in PLTR given the risk that the next quarterly report could simply collapse the price by 99% overnight. The perfect being the enemy of the good, I sold last week, taking my 30x-ish profits and feeling pretty good about it.
It is a glowie company. PLTR is the ultimate symbol of how captured our entire finance complex is. When I was 5 years younger I didn't buy because I thought "it has bad P/E". Show me a Peter Thiel backed Stock/Cryptocurrency now that's undervalued and I'll yolo anywhere from 2k to 10k into it easy peasy. The market is not about value, the market is about "is jensen huang investing in this" "vitalik says this is a great crypto". No one is about finding the undervalued gems, it's about which billionaire can make (You) a millionaire.
>>61241057crypto unlocked the idea of value being whatever someone is willing to pay. when does BTC generate enough profit? never of course.
Palantir is selling the smallhat fantasy of bureaucratic omniscience. The same way AI sells them the fantasy of goy obsolescence. It's too good of a fantasy to pass up. What if it comes true?
>>61242869Could you be any more wrong?
I hate peter Thiel and ICE so it's probably going up.
>>61241057Its probably just hedge niggers. That's what options are literally designed for
