$Palantir Technologies Inc.(PLTR)$ This is exactly what I brought up a month ago in my post regarding Palantir’s valuation that imo is very extended. I’m not saying the same exact scenario will happen with Palantir and alot of other stocks, but it’s something to keep in mind. I can for sure see something similar to this playing out given the expensiveness of the stock. Never let you’e ultra-bullishness blind you in making the right decision. At an entry of ~10B for Palantir, the multiples were not expensive, and the runway for upside was massive, making the r/r very attractive. At todays price of ~100B, now the downside is massive and the runway is much more limited. A 10x a today’s prices inputs a 1T valuation, which likely will never happen. Just food from thought.
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