HLPA
09-18

Yes Pelantir Tech, PLTR has reached new highs almost daily for the past few sessions. We all know the stock has done pretty well with good earnigs report and a growing commercial base apart from huge government contracts. However, do take note that PLTR has this sickening history of pulling back each time it hit new highs. The stock has yet to retrace downwards by quite a bit. It should drop to 30ish soon when the markets turned especially when insiders especially CEO Peter Theil unleash part of his huge holdings for which he has a habit of doing many times in the past. For that matter, imvestots should not be chasing the stock upwards. Yes 40 looks like a huge possibilty but I do not think it would occur so soon. The stock should retrace downwards before it resumes its upward momentum again. I expect PLTR to return to its 32/33 levels and in a bad market, it may slide to 30/31. When the going is good now, remember to take some profits and buy back on the dips. No one loses when taking profits. Take care guys!

Palantir Hits $70: Is It the Next AI Multibagger?
On December 3rd, Palantir Technologies announced a new government security designation, allowing it to handle sensitive US government workloads in its cloud offering. Following the news, Palantir jumps 7% and hits new high of $71. ------------------- Is it the next AI multibagger? Will you hold Palantir for long term?
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