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Here’s a rare success story in which I’m not furious with myself for selling too soon. The stock was Novo Nordisk (NVO), and I bought puts and made a triple-digit profit on the puts. The reason I’m bringing this up is because the hard fall of NVO almost perfect sealed its price gap (dashed green line) which is providing support.
If there’s one thing that I can do to stop this rally, it’s to do a post about bullish setups, so here ya go:
From the start of 2021 to the end of 2022, Palantir (PLTR) lost about 90% of its value. Since then, thanks largely to the disposition of the forthcoming administration to the company, it has soared to a p/e ratio of about 315. It is sporting a very clean price gap at the moment.
