PLTR has been on steady upward climb. I have been eyeing it since its Earning call. The stock has got strong momentum (volume and candle stick pattern). Will there be a pull back, it's a growth stock for sure. Just wondering if there will be a pull back. Then I question my self, why will there be a pull back. Reasoning: 1. It's all time high and going strong with volume. 2. There is no negative news surrounding PLTR. 3. Quarter earning was very positive. 4. It is overbought - this is the only reason. So please suggest what's your stand, and why?
Stocks don't go up in a straight line. Obviously, there is going to be a pullback. When ? Where ? Why ? I don't know. 25% wouldn't surprise me.
A bet on PLTR is a bet on TACO. Who could eat one too many BigCraps. He's already got the banana peel underfoot so who knows? Meanwhile a pullback to that 50% channel level might work at some point?
You're better off just taking a long bull stance outlook on the stock instead of trying to time and predict relatively minor pullback corrections.
Its PE >600 and EPS 0.30. No one knows when the trend will snap. NASDAQ is at all time high. It could continue to run up. It's not the only stock that continue to trend up linearly e.g. APH, BTI, CIGI, DLTR, DY, FN etc. DJI is pulling back from its high at 45,000.
Pltr is extremely over valued P fuckimg E at 700!!!!!! $4 billion in revenue... Market capitalization of $400 billion. Price/sale of 100+ That's insanity. No one saying anything now but after it looses 50% of its value they will point out that pltr was way overvalued. Always easy to say after its gone down than while rising non stop hand over fish in Nothing but a straight line up