Palantir Technologies Inc (PLTR)

[GreedyAgorist]

Have common Wall Street maxims got you confused? Here is one: Buy the rumor, sell the fact. (aka Buy on the rumor, sell on the news.). Guess what? The news does not actually have to be good once it finally happens. Likewise, the stock going down does not mean the news was bad. It just means profit-takers took their profits and moved on to the next rumor. Timing is not always exact; sometimes you get some follow through, sometimes the enthusiasm fades early. (If the “meat of move” has happened, why wait to cash out?)

In the case of PLTR, the latter possibility seems likely. I don’t know if you noticed, but it was up about 50% in less than two days. Frankly, I think there was more to that than demo day. Short squeeze maybe; FOMO certainly; and, with all due respect to the combined strength of iHub posters, we probably do little to set the price of this. Maybe big players want it to be higher for the next anticipated event, which, by the way, is not always positive. Rumors can be negative, too, in which case you flip the script. Actually we have two big events coming, the quarterly report followed quickly by the end of the lock up period for early investors to sell their shares. Let the FUD flow. This drops another 10%, that works for me; more options.