Palantir Technologies Inc PLTR

Palantir S&P Inclusion

[Bullknit101]

After doing some research, is seems Palantir has a very low probability of being added to the S&P in September. The reason is it has less than 50% institutional ownership. The good news is inst. ownership is rapidly increasing and inclusion is more likely in December. I'm tempted to buy the dip after Palanitr is omitted from the S&P announcement on 06 Sep.  I think many investors are betting on S&P inclusion and driving up the SP.

[Bullknit101]

https://youtu.be/EZ3HoF4Q2p8?feature=shared

[Cobalt]

It's in, and after being passed over about four times, there's a very high chance I can finally start unloading to the indexes buying.

[Bullknit101]

It's good news for sure and a surprise. I certainly wasn't betting that would happen until later but the market does what it wants to do and surprises happen. Those funds that follow th3 S&P now have to start buying. 

[Cobalt]

It's not surprising, they are leading the creation of this AI wave rather than just ridding in it. I also have a stake in Dell, which entered, but that only highlights the competition they had to surpass. Dell doesn't compare to a fraction of what PLTR is accomplishing; who would go in over PLTR?

[Bullknit101]

Cobalt, do you have any thoughts on where PLTR will trade after Monday? I am generally not selling any shares  since Palantir is really on a pathway to becoming the most important software company. This is a least a 5 year hold from here. 

[Cobalt]

I was just examining UBER's performance on the charts; I expect a significant spike early on, likely as short positions are covered, followed by profit-taking from traders who anticipated this event. Uber's stock surged 43% post-listing, aided by the bullish market in December. However, the upcoming month could present challenges for the markets. I'm debating whether to sell some

[Bullknit101]

I was also thinking of when Tesla joined the S&P and there was a pretty good spike back then in 2020. I decided to do nothing and not sell. The next leg up will come fast and furious as they start to monetize and scale AIP. I certainly don't want to miss it. 

[Bullknit101]

https://x.com/DivesTech/status/1832168071227961761