Supposedly 7.1M Shares are slotted for a Short on Palantir
They are available but still I am not here to bet against my picks
Even though there are some betting against the stock, who really is going to take that bet; yet, when I attempt to short the stock the shares aren’t their for me to short. Either the intel is bad or something else is happening where my accounts are blocked yet said restrictions use to not be a problem on the accounts but now it is a problem.
Oh well, Palantir (PLTR) is slotted to be shorted like crazy today, allegedly its getting a short on 22 February 2021. I am not sure if that is going to be the “just”. In other words, the stock has a longevity but you really have to be in it for a long term and keep buying it up even when it falls so as to either take shares available from the shorters and hold the stock long term to keep the shorters from dry costing your portfolio or pull back off the stock and just keep what share you have, be happy with that. In other words, if you got in at a lower price the short that are to come shouldn’t harm your bottom line price to entry.
I think today is one of my “Watch Day Mondays”. Its when you come off a large loss or gain to calm down and re-evaluate the position you’re in so as to not make bad moves when things are great or even worse when you trying to recoup losses. That large jump in the price on 19 Feb 2021 for PLTR from the low to mid 20’s was a bit alarming to me because the trend tend to have been an indication stock price is going to drop like a rock then it sky rockets back up, some what like Tesla’s stock in the days of past or better yet like Double Dutch; I never know when to jump in fully or I do and have restrictions on my account to where my time to entry is after markets or pre-markets but I am not allowed.
Looking at the flow of the pre-market, 22 Feb 2021, there seem to be a slowing of the stock purchase since this morning around 5 AM. I suspect this slowing is also an indicator since the price is a bit lower than the after market hours on 19 Feb 2021 at its last listed price of $29.75 dollars per share. This stock has somewhat odd strides in price range since its coming to the markets; that’s thanks to hard to figure in popularity from those who are on social platforms and many short sellers who also can afford this cheap…