5/6/24 - $pltr - too risky to play upside, sidelines for me5/6/24 - vrockstar - not gonna short this b/c i agree w the bulls on the "LT" here... but nearly 20x sales, pretty forecastable model and unlikely to "smash" raise limits my interest in a heady tape. keep in my any big upside probably gets distributed/ sold down (there's your short if so inclined/ possibly ex post). any miss or growth reset dumps this 20% minimally per other B2B names with decent hits and not by "enough". i'm targeting a buy only sub $20, but better in the mid teens level. sidelines for me. if i owned it, i'd be selling some upside (for insane IV) or trimming off the top. perhaps another way to go long if you're inclined is selling some P's but the location I'd like it doesn't pay enough to take that risk in case it's a bigger miss/ horrible tape tmr and i get captured at 20$ and stock is trading 17-18$ which is where i see "worst case miss", and i'd rather own shares not be trapped down 2$/shr.
