March 2 Recap: HL & PLTR — Shield and Spear

Hi everyone, this is Twenty-Seven.

Today's market was all about one theme: geopolitical risk premium. While major indices were mixed, the two names we've been focused on — HL (Hecla Mining) and PLTR (Palantir) — both delivered exactly what we expected.

Here's the breakdown.

📊 Market Snapshot

A quick look at the numbers:

· HL: Closed at $23.52, down 5.58% (normal pullback after recent run-up)

· PLTR: Closed at $157.88, up 6.85%

· Volume: 1.13M shares traded, well above average

Key macro backdrop:

· Middle East conflict escalating: US bases in Iraq hit by drones

· Iran closes Strait of Hormuz, oil prices surge

· Gold breaks $5,300/oz**, silver above **$94/oz

🔍 Position Review

Hecla Mining (HL) — The Shield, Pullback is Opportunity

HL pulled back 5.58% today. Is the thesis broken? Absolutely not.

· 52-week high: $34.17, current: $23.52 — still 30% upside to ATH

· YTD gains remain strong, +10.61% in February alone

· Silver+Gold dual exposure: exactly what we wanted

Today's drop is simple profit-taking after a sharp run-up. As long as the Strait of Hormuz remains closed and US troops keep moving in, the precious metals thesis stays intact. HL is our portfolio anchor — hold tight.

Palantir (PLTR) — The Spear, Being "Live-Streamed" on the Battlefield

PLTR's 6.85% green candle today is high quality.

· Closed at $157.88, above 5-day MA

· PE 234x — expensive, but market willing to pay for the only "AI+Defense" pure play

· Government clients: 54.8%, Commercial: 45.2%, both firing

The catalyst? Iraqi militias using drones to hit US bases — exactly the kind of asymmetric warfare where PLTR's AI shines. This real-world combat背书 is worth more than any analyst report.

💎 Portfolio Logic

Position Role Thesis Today

HL Shield Silver+Gold,避险+通胀 -5.58%, normal pullback

PLTR Spear AI+Defense,战争科技核心 +6.85%, thesis confirmed

HL as shield, PLTR as spear — this combo performed exactly as designed in today's market. One stabilizes, one attacks. No overlap, perfect balance.

Some ask: Should we add HL on the dip?

My take: Wait for stabilization. Support at $22. If it holds, that's the entry. If it bounces directly, don't chase. PLTR already provides the portfolio's offensive power; HL's job is to steadily hold the precious metals thesis.

📝 Plan for Tomorrow

1. PLTR: Hold. If it runs to $165+, consider trimming a small portion for swing trades, but keep core. Earnings on May 4 — plenty of runway before then.

2. HL: Hold and watch. If it stabilizes below $23 on light volume, consider adding a small tranche. $20-22 is strong support zone.

3. No new positions: EH (亿航智能) still bottom-fishing, no direct defense thesis — watchlist only.

💬 Final Thoughts

Today's market validated one thing: Thesis-driven investing works.

When indices are mixed but your names are delivering, you know you're on the right side of the trade.

The conflict is just starting. Oil prices are still transmitting, inflation expectations are rising,避险情绪 is still building. Don't jump off at the first green candle. Real profits are made by sitting through the volatility.

Twenty-Seven

March 2, 2026 After Hours