Another great week. Profit is back!
Stock 1: PLS.ASX
Wow! We can experience something that is not common. There was too much demand for the stock as there was a lot of news on last weekend! As you can see the price jumped. That means whoever set limits within the jumping range was overtaken and didn’t get the expected exit. Now there is a choice for new exits, because during the whole week the price didn’t go down again and I doubt that it will. It was too far away from reality (undervalued) and spot prices for the commodity future in China went up a lot. I will stay with the bet.
Stock 2: PLTR
This is the most overheated stock and most overbought stock in the history of the stock market. Unless you count tulips of the Netherlands in, but I am not sure, it might still beat that. It went up to top a 190$ price per share, which means that this company is worth about 2.365 Billion x 190$ = 449.35 Billion $. (Source).
I can, I did and will not believe, that this value has anything to do with the real value of the company. So I did what I could to add more short sales on the way up. I am at the full limit of my margin possibilities and I am still getting a good 1:5 short multiplier. I have further watched hyping videos and comments about the stock and I can experience an outrageous misunderstanding of the company, the product, the stock price, evaluation and future evaluation models. Such as “the rule of 40” which many commentators cannot even calculate correctly. This stock is attracting the worlds dumbest market participants to place their hard earned money on a dream that is a scam. I mean, look at this shit. With 190$ it was beating Exxon and now (at 177$) it is still worth more than Bank of America or Samsung?
Sorry, but no. I can only short it. And I will add as much margin as I can. This is a very good opportunity to show how and why shorting a stock works. And why the market needs that tool.
Numbers
So here are the numbers of week 06.
The profit is back! It is at around 56%. Let’s see what the freaks are doing next week. I have a feeling that it will go very well. (not for PLTR “Investors”)