$Palantir Technologies Inc.(PLTR)$ When NVDA going down, S&P500 going down but this stock is for no reason going up by 5%. This is not even driven by big institutional investors. People have just started betting on this for no reason. It's gonna fall like GameStop.
$Palantir Technologies Inc.(PLTR)$ It's a meme stock now. While we all believe in its growth but increasing 5% everyday is just just nonsense. I will look for a better entry because it's gonna fall for sure. This sort of valuation is just not sustainable for any stock.
$Palantir Technologies Inc.(PLTR)$ Palantir Technologies stock has rallied over 240% so far this year, making it an overvalued stock, according to Argus Research. from Argus downgraded the rating for PLTR stock to a Hold from Buy over concerns about its lofty valuations. Meanwhile, PLTR shares were up 3.8% in pre-market trading as of writing.
$Palantir Technologies Inc.(PLTR)$ There will be a bloodbath soon and may be after the earnings call. It's been hyped like never before. While not an iota of doubt on Palantir's potential but this exuberance is not justified on any parameters. Volatity is too high and the current trading price is just not making any sense. Rose 17% post their inclusion in S&P500 which is just unprecedented.
$Palantir Technologies Inc.(PLTR)$ The same thing happened with SMCI. Look where it is now. This irrational exuberance has no justification. While I note that it is doing great but the current price does not make any sense. This can be pulled back anytime. One small negative news and it will tank like anything.
$Palantir Technologies Inc.(PLTR)$ It's PE is 242 which is ridiculous. It's bound to decline - not today, may not be tomorrow but soon. Before you find yourself stuck and repent later, better to take a call now. And if course there will always be an opportunity. It's earning call will be in the first week of November. If it does not match the expectations it will tank by 15-20% in one day.
$Palantir Technologies Inc.(PLTR)$ There gonna be a pullback soon. It's been rising for the last two weeks without any major announcements. Sell now and buy it later. Don't let the value of shares diminish.
$Palantir Technologies Inc.(PLTR)$ Better to sell than regret later. Big institutions will make money and only retailers like us will be stuck. Don't get trapped. Buy when it comes down. While this stock has got potential but it's too early to see this surge that too one month before it is earning call. Also, unlike last time there were not any major announcements other than inclusion in the S&P 500. Time to jump off the boat and make profits.