Palantir, and why the problem isn't necessarily themselves.
I present for you four stocks over the last month. They are Palantir, Snowflake, Splunk, and Alteryx. I am writing this because it's en vogue the last 24 hours to pile on Palantir......and why not? Mr. Market has provides them with a first class ass whooping! But this isn't the whole story and some people aren't taking the time to step back and look at the sector at large. Very similar patterns emerge for these nearby competitors (Palantir is actually difficult to find direct competitors, in my opinion, because it's in a very unique space... for now).
Anyhow, the chart speaks for itself. Can you tell the difference between them? I couldn't.
My point is that Palantir doesn't deserve to be singled out or ostracized any more or less than the rest on this list during the current market environment. Yes they "missed" on earnings. So what? Does Mr. Market really seem to care right now about earnings? Last time I checked, Apple destroyed theirs. Look where it's gotten them.
With that being said, I fully expect the comments to fill up with lots of:
"Palantir is garbage dude I told everyone this would happen with this piece of crap company"..
Or the exact polar opposite...
"This is the greatest time to buy Palantir EVER! I'm taking out a mortgage on my house to buy as much as I can!".
I like the company, personally, and so long as the insider selling stays at bay I think the bottom is nearing. And if you're an insider, would YOU be selling right now?! Ha! Let the great debate begin!
Anyhow, the chart speaks for itself. Can you tell the difference between them? I couldn't.
My point is that Palantir doesn't deserve to be singled out or ostracized any more or less than the rest on this list during the current market environment. Yes they "missed" on earnings. So what? Does Mr. Market really seem to care right now about earnings? Last time I checked, Apple destroyed theirs. Look where it's gotten them.
With that being said, I fully expect the comments to fill up with lots of:
"Palantir is garbage dude I told everyone this would happen with this piece of crap company"..
Or the exact polar opposite...
"This is the greatest time to buy Palantir EVER! I'm taking out a mortgage on my house to buy as much as I can!".
I like the company, personally, and so long as the insider selling stays at bay I think the bottom is nearing. And if you're an insider, would YOU be selling right now?! Ha! Let the great debate begin!