PLTR Is a Great Company. Right Now It Is Not a Great Stock.
Palantir Technologies was an amazing stock to be in. The trend was strong, relative strength was working, and price rewarded staying with it.
But for now, price has confirmed it is not a stock to be in.
This is a great real-time example of why fundamentals alone do not matter if price and trend are not aligned.
Despite strong long-term fundamentals, the stock is:
Below the 200 day moving average
Printing lower highs and lower lows
That is no longer a stage 2 uptrend. That is a downtrend.
When price breaks below the 200 day and cannot reclaim it, that is the market voting. It is telling you that demand has dried up, regardless of how good the story looks on paper.
This is exactly why I will never buy a stock just because the fundamentals look great while price looks bad.
Great fundamentals do not stop drawdowns. Great fundamentals do not override trends. Price always leads.
PLTR may absolutely be a great stock again in the future. In fact, when a name with strong fundamentals starts to repair and regain trend, it often becomes even more powerful on the next run.
But until price confirms that change, there is no point in being involved.
