After Palantir announced their Q2 results, I have decided to exit my Palantir position.
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I have now sold all of my Palantir shares across my investing portfolios and no longer have any position in PLTR.
A large number of reasons have led to this and I have been voicing major concerns for several quarters.
But the lacklustre performance, dropping growth expectations and the egregious attitude from the management have meant my valuation of the business has dropped.
In the current market environment where many other growth stocks have also lost value, but do not carry the same risks or reservations, I see better opportunities for my money elsewhere.
$PLTR #PLTR
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I have now sold all of my Palantir shares across my investing portfolios and no longer have any position in PLTR.
A large number of reasons have led to this and I have been voicing major concerns for several quarters.
But the lacklustre performance, dropping growth expectations and the egregious attitude from the management have meant my valuation of the business has dropped.
In the current market environment where many other growth stocks have also lost value, but do not carry the same risks or reservations, I see better opportunities for my money elsewhere.
$PLTR #PLTR
☕️ JOIN MY PATREON - DISCORD, BONUS VIDEOS, TARGET PRICES, MODELS & MORE
https://www.patreon.com/sashayanshin
💵 OTHER GREAT INVESTING APPS I USE
INTERACTIVE BROKERS (Main investing app I use)
https://bit.ly/interactive-brokers-sasha
SIGN UP FOR ETORO (Global Investing Platform)
https://med.etoro.com/B15358_A95689_TClick_SSasha.aspx
GET A FREE SHARE WORTH UP TO $150 WITH STAKE (UK, Australia, NZ)
https://hellostake.pxf.io/qnA3xq
You will get a free share if you sign up using this link and deposit a minimum of £50.
📊 SIGN UP FOR FREE TO SIMPLY WALL ST
https://simplywall.st/?via=sasha
DISCLAIMER: Your capital is at risk.
DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
SPONSOR DISCLAIMER: The provider of investment services is Lightyear Financial Ltd for the UK and Lightyear Europe AS for the EU. Terms apply: golightyear.com/terms. Seek qualified advice if necessary. Capital at risk.
DISCLAIMER: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFD assets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.
They keep diluting every quarter this is a massive issue for me and until they get control of this I will not be adding any more to a reduced position
Its awesome to see so many getting out of PLTR. I bought in today and will keep buying as long as all of you are selling. Thank you all!!!
I bought in today
Sasha, I appreciate your and Tom's perspectives on $PLTR. I haven't yet closed my position but I'm moving that direction. The earning call dialogue on these last few calls hasn't been good for this investor's confidence. Calling Karp an "ass-hole" was spot on.
Billions of shares just turn me off. I lost .
Still own PLTR shares. So far they were very good at everything except being profitable. They are good at saying, "There is no reason why PLTR share can't go up 20 times" and insiders sell their shares in the back. EPS was always less than expected, of course. I wish they all shut the fxxx up and do their jobs RIGHT!!
great video! Would it be possible to share your DCF template?
I bought PLTR when was 8$ and 9$ and I will no selling no way is a great company and the will be 34$ soon my fingers close 🙂
Alex Carp got to go
I am still holding and I still like you what you do
Great video, Sasha! You are one of the best finance Youtubers!!
I'm glad you sold!
I’ll always stand by this: PLTR sp will go nowhere until retail leaves. YouTubers selling is good because many other followers will paper hand and leave.
It’s a stock with way too many retail holders. Retail is supposed to be in after institutions have taken their time and loaded at rock bottom prices. That will happen and the sooner retail sells because of the “unknowns” and lose conviction after 2-3 lacklustre quarters, the better. I was waiting for this moment. It’s a turning point. Thank you for selling.
I finally agree with you. I sold every share I owned.
By the way, do you know how much revenue was generated from those spaces? I hope this is not Enron shenanigans.
Just about to watch your Kevin response but it's been taken down. Shame, up anywhere else?
Buy the top, sell the bottom! Nice job, done like a natural retail investor.
If you no longer have a stake in Palantir, please move on & stop making videos on the company. You clearly are bitter and only giving the negative aspects.
smart move to sell..never see value in this counter … just hype..agree with your logic.
why are people so bullish on Palantir…you aren't even sure what their product is….
Simply as always perfection in explanation 👌 You are very good and your discussion, explanations and philosophy on companies is brilliant…..that's why your the only you tuber I joined as a paid member. Priceless. Thanks Sasha 😊
Please do a piece on SOFI, another laggard with much debate.
There was no reason to attack current shareholders at the beginning of the video, that is petty and immature.
I really like your videos. Respect your decision of selling PLTR. I still believe in the product of the company. Any company will undergo some storms; but the utility of the product will prevail with perseverance and endurance. Thanks.
Maybe you should have sold FVRR. I'm down 46.56% on FVRR, much worse than my PLTR which I'm down 24.46%. Long-term PLTR has much better upside in my opinion.
I enjoy your channel, so your trade decisions don't bother me. As for their SPAC investments, still early days, and they only need one to take off. Besides, the amount of money they spent is small potatoes for a company like PLTR.
Believe me , there is no greater relief than when you unload your pltr stock and move on from a company run by an egomaniac