$PLTR showed enormous strength this week and any small dips coming in were immediately bought up and when CEO Karp went on CNBC, he rejuvenated the stock further, he speaks about the Retail Investor changing the game for $PLTR and they are buying this at every opportunity.
This is not how I invest, retail investors can buy aimlessly in a bull trend but the moment the bear trend comes, they traditionally show weak hands and sell excessively, especially if they are sitting on strong profits now which a lot of us are.
I am still holding my $PLTR position but I am not adding here and we could see a run to the Wave 3 target here at $41 at the 1.618 Fib
I follow my strategy and rarely bend, it protects my portfolio from bias
There are far too many opportunities available right now instead of chasing this at elevated prices.
If we get a run to $41 now, I will wait for Primary Wave 4 to pull back before adding again.