PALANTIR

There are many reasons to buy stocks, to sell stocks, to own stocks, to not own stocks.   I buy stocks in a strategy that has served me well for about 30 years.   It is basically a strategy known in the investment management business as an "O'Neil/CANSLIM" strategy.  Like most things in life, I have adapted this strategy to fit the only guy that matters to my portfolio management, Dean Parisian.

Long ago, when Palantir was around $5, I saw this crazy guy on CNBC with wild hair talking about his company like it was shrouded in secrecy and for the world to know about.  I normally don't take flyers on $5 dollar stocks, because stocks are normally cheap for a reason.    But I did get my feet wet and bought some PLTR.   I guess Karp sounded honest and didn't care about anything but telling his story to the CNBC audience.

Over the years I bought more shares, sold shares, bot more, sold more,  and over time sold call options against the position and at one time had around 50,000 shares. (Here are call options I sold in 2021, (https://docs.google.com/document/d/e/2PACX-1vQuTaQcKY3crhIWXnDZdTwvngqGcOZJyIxYV7eZv5Cd67g6UPI0VhNq7qorUK9PiI2FIl7N9hqfWH4_/pub)     I have cut back dramatically on my position sizing (being retired) and am more active away from my screens doing life as it should be lived but I do love the screens.  Yes, I admit it, I still love the trading screens.  It's always fun to find a new name that is screaming to be bought!

Today, like many others, I got lucky.   Palantir shares were added to the S & P 500 index. The stock was up, as Trump says, hugely.

Good for me and good for Alex Karp.   It's been a fun ride.

I think the stock hits $50 before it hits $5 but what do I know?

This action has been deliriously wild as of late.

I feel/smell/anticipate a drawdown fairly soon.   Be ready.