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Cathie Wood Dumps Palantir: Smart Move or Just Another Head-Scratcher?
Cathie Wood, man... sometimes I just don't get it. The queen of disruptive innovation, or so they say, is at it again, dumping $7.9 million worth of Palantir (PLTR) stock. After Palantir just dropped a killer earnings report, no less. We're talking a 121% surge in U.S. commercial revenue. 121%! Are you kidding me?
So, what gives? Is Wood seeing something the rest of us aren't? Or is this just another example of her chasing whatever shiny object catches her eye this week?
Bullish on Bullish? Seriously?
Instead of holding onto PLTR, Ark Invest is doubling down on Bullish (BLSH), a crypto exchange backed by Peter Thiel. Now, I ain't no crypto expert, but even I know that the crypto market is about as stable as a house of cards in a hurricane. Bullish had a "remarkable" IPO, sure, but so did Pets.com back in the day. Remember them? Yeah, didn't think so.
They bought $11.9 million worth of Bullish shares. Okay, cool. But Palantir is a proven company. They're raking in cash, their government contracts are solid, and their commercial business is exploding. What am I missing here? Is Cathie Wood just allergic to profits?
The Momentum Game
Benzinga's Edge Stock Rankings say Palantir has a Momentum in the 97th percentile. 97th! That means almost everyone else thinks it's going up. So, she's betting against momentum and solid earnings? I'm starting to think she's got a dartboard in her office labeled "Stocks to Sell."
Offcourse, maybe she knows something we don't. Maybe Palantir's growth is unsustainable. Maybe their tech is smoke and mirrors. Maybe... nah, I'm not buying it. It feels more like she's chasing the next hot thing, even if it means leaving money on the table.
Is This Even Investing Anymore?
Honestly, this feels less like investing and more like gambling. Big difference. Real investing is about finding solid companies with long-term potential and sticking with them. This? This is just chasing headlines and hype.
And let's be real, Cathie Wood has been wrong before. A lot. So, maybe this is just another example of her being... Cathie Wood. I mean, I respect her for taking risks, but sometimes those risks just seem downright reckless. Then again, maybe I'm just jealous I don't have millions to throw around on buzzy crypto startups.
So, What's the Real Story Here?
Cathie Wood is either a genius playing 4D chess, or she's completely lost the plot. Either way, I'm not putting my money where her mouth is – at least, not this time. Palantir's looking pretty good right about now.
