$Palantir Technologies Inc.(PLTR)$ just pulled back 5% after hitting a new high — and right on cue, ARKW trimmed $6M). Classic Cathie Wood move: sell into strength, manage position weight, and rotate into other high-conviction names.
📉 My take? It’s not a bearish signal. ARK often trims winners after a strong run. I’ve seen them do the same with $Tesla Motors(TSLA)$ , $Zoom(ZM)$ , and $NVIDIA(NVDA)$ over the years — often only to reload later at better valuations.
Personally, I’m holding my Palantir core position. With govtech deals stacking up, strong YTD momentum, and potential upside from AI adoption in defense and enterprise, my mid-term target is still around $160.
🔍 But I wouldnt chase at highs either. Watching for a re-entry below $130 if the broader market cools.
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