From the start of 2021 to the end of 2022, Palantir (PLTR) lost about 90% of its value. Since then, thanks largely to the disposition of the forthcoming administration to the company, it has soared to a p/e ratio of about 315. It is sporting a very clean price gap at the moment.
Here’s a longer-term chart, illustrating the company’s vulnerability.
Earnings are a couple of weeks away, and there tend to be HUGE gaps (both up and down) on the heels of those reports. I’m frankly too terrified to go near this beast, but I at least wanted to show you.
