In a recent Reddit post on r/stocks that got a lot of attention, one investor shared the painful story of selling Palantir (NYSE:PLTR), a software company that builds data platforms for government and commercial use, way too early.
“I had bought PLTR back in 2021 at an average of $28/share,” the investor wrote. “In November, it flew all the way up and it was at $43/share. I doomscrolled on Reddit and researched as much as I could. The [price-to-earnings] ratio did not make sense at all.”
