Palantir Technologies (PLTR), purveyor of death to the U.S. Government, had earnings results last night, and they were sensational. Revenues and earnings massively beat expectations, and the stock is now – – down! Indeed, as I am typing these words, these evil company is off about 7%.
Since it was priced for perfection, and has an absolutely comic P/E ratio, tumbling even with great results makes a certain amount of sense.
As for my own short position, I’m not touching it. The topping pattern on here is bigger than Oprah’s ass, and if it completes, the fall should be massive.
Plus, their CEO is a kook.
