The big picture bearish outlook for stocks is still in place, while the market is doing its best to draw the public back into stocks prior to the next leg down of this nascent bear market. If that scenario is wrong, then PLTR is one of the stocks that could lead the next run-up in equities. It is on the verge of a 6 month break-out and remains one of the best long term stock bets over the next 2-3 years. It is up 65% since its May lows and a successful breakout (above $30 - see chart) would set the stage for a run to its all time high of $45. It's my #2 stock behind TSLA for a buy and hold strategy. Longer term LEAPS and/or shares would take into consideration a bear market into 2022, with strong recovery into 2023. Long-Term Buy: PLTR on a close above $30 (currently $28.15) Target: $45+ LEAP Option: Jan 2023 $30C (currently 6.00) Target: $15-18 STOP: <$22 (or 50% loss on call) Intermediate to Short-term option trade: Nov 19th $30C (currently 1.65) Stop: 50% loss on call Aggressive traders can buy now, with a tight stop on a close <$25.00
