The Long Investor

$PLTR TOP 20

Added 2025-04-28 11:03:26 +0000 UTC

I maintain that $PLTR should not be this high due to their weak fundamentals and their inability to make any meaningful income....I do not deny that they are doing things that many other companies can not do, my issue is that I see no value at their current levels and it is extended both Technically and Fundamentally, if you were to ask Buffett if he were to invest in this company right now, he would laugh at you.

I like leaning on the side of aligning with Buffett.

The 200 WMA is at $25 now, Trump is trying to end Wars in Russia and the Middle East and reduce military spending.

If a recession does materialise then companies may also reduce their Capex spending (Bulls here may believe this is a positive move for $PLTR)

There was a 3 wave pull back to the 0.5 Fib $65, a -50% decline we expected.

The price has bounced strong since, retail investors love this stock and I suspect they know very little about fundamentals (nor care)

If the price can break above the blue line at $125 then I see a move up to $169 for Wave 5.

This is very much in the high risk high reward bracket right now and I do not see the need to take on this risk when there is so many undervalued positions on sale right now and with the market in its delicate state.

$HIMS is a far superior pick right now.

I would not consider touching $PLTR unless it was at $51 or below.