December 20, 2023 – Today, I officially placed my next $100 bet on Palantir Technologies (PLTR). I bought 6 shares at $18.22 each, for a grand total of $109.32. As always, the goal is simple: to double up, sell enough to get my money back, and hold on to some free shares. But why Palantir? Let me walk you through the logic behind this latest plunge into the world of AI and data.

Why Palantir?

As of December 18, 2023, Palantir is still a company that’s deeply embedded in the artificial intelligence and data analytics space, making them a player that’s hard to ignore. They’re the go-to solution for governments and big corporations trying to make sense of their massive data sets and use that information for decision-making. Palantir’s data-crunching software is already widely used by the U.S. government, particularly in national defense and cybersecurity—two sectors that are showing no signs of slowing down.

But it’s not just about government contracts. Palantir is increasingly positioning itself as a major force in AI-powered decision-making, which seems to be the buzzword of the decade. If they continue to ride the AI wave, Palantir’s future could be pretty bright, and I wouldn’t mind riding that wave with them—especially if I can walk away with free stock.

Why Now?

Palantir’s stock price has been all over the place in 2023. It was as high as $20+ at one point, then dropped to around $18—which is exactly why I’m jumping in now. At $18.22, I feel like I’m getting in at a decent price, with the hope that the stock will rebound as it has before. The company is still bagging contracts and expanding into the ever-growing AI sector, so the odds of a bounce seem reasonable enough to take this gamble.

The “Free Stock by Double Up” Strategy

The plan, as always, is to let Palantir’s stock climb enough so I can sell a few shares and get my $109.32 back. If Palantir can make it back to the $22-$23 range, I’ll sell 3 or 4 shares, recover my investment, and leave myself with some free shares to hold indefinitely.

Here’s why this could work:

1. AI momentum: Palantir’s increasing focus on AI-driven solutions, which is expected to continue growing in 2024, could push the stock price higher.
2. Government contracts: Palantir’s reliable revenue from government work adds a layer of stability.
3. Long-term potential: If Palantir plays its cards right in the AI game, I’ll be glad to have a few free shares sitting in my portfolio, costing me absolutely nothing.

What Could Go Wrong?

Well, plenty. The stock market isn’t exactly predictable, and Palantir’s price volatility has been a rollercoaster. But that’s part of the fun of this whole strategy. If it doesn’t work out, I might end up holding the stock longer than I planned. If it does? I’ll be the proud owner of some free Palantir stock, ready to see where the AI revolution takes us.

The Bottom Line

I’ve rolled the dice with 6 shares of Palantir, and now it’s a waiting game. If things go as planned, I’ll sell a few shares, pocket my initial investment, and keep the rest for free—because who doesn’t love free stock?

Now, let’s see what 2024 has in store for Palantir, AI, and my portfolio. Here’s hoping the “free stock by double up” strategy works its magic once again