Power Plays Update
Close UBER, DASH, PLTR, IBIT
May 21, 2025

By Scott Redler

The market appears to be broken short-term with serious risk of downside here. So I'm doing more clean-up for Power Plays.

I'm taking these names off:

  • Uber (UBER)
  • DoorDash (DASH)
  • Palantir (PLTR)
  • IBIT

DASH and IBIT will be winners, Palantir will be a wash, and UBER will be in the red.

This may seem extreme, but I don't want to sit on these names when they could all be much lower over the next week.

Once some price discovery plays out, we'll likely be able to position in new longs at good prices.

-Scott

Scott Redler Positions Disclosure as of 2025-05-21 at 3.06.38 PM