$Palantir Technologies Inc.(PLTR)$ $Accenture PLC(ACN)$ $The Inverse Cramer Tracker ETF(SJIM)$ 🤖🎭📉 Cramer’s Apotheosis or Just Another Icarus? 📉🎭🤖
🙊🗣️🔊 Cramer has spoken. $PLTR to $200. Naturally, that has me sharpening my exit strategy.
This week, Palantir closed at $137.33, surging over 5% after announcing a partnership with Accenture Federal Services. The AI narrative is strong, the timing perfectly theatrical, and conveniently coincides with the Russell 1000 inclusion and S&P 500 reweight.
But beneath the headlines lies a more complex plot.
🧮 Valuation: Lofty or Lunacy?
Palantir’s forward P/E sits at 237; trailing at nearly 600. The P/S ratio? 104. These aren’t numbers, they’re numerology. At this altitude, the stock doesn’t need earnings, it needs miracles. And while the Accenture alliance bolsters its federal credentials, we must ask: is this a moat, or just temporary scaffolding?
📉 Technicals: A Ballet with Gravity
The chart shows a rejection at $148.22, with price curling back toward the 5-week moving average ($134.10). RSI sits at 66, flirting with overbought; MACD momentum is softening. Watch for a break below $129.67, as it could cue the next act: reversion.
Meanwhile, options skew is shifting bearish. Institutions aren’t euphoric, they’re hedging.
📊 Index Churn: Underestimated Catalyst?
Palantir’s move to the Russell 1000 triggered forced selling from small-cap funds. The S&P’s quarterly float adjustment may induce further trimming. These mechanical flows rarely make headlines, but they often make or break setups.
🎤 Cramer: Oracle or Omnishambles?
History hasn’t been kind to Cramer’s most declarative calls. Tesla, Coinbase. The Inverse Cramer ETF outperforms for a reason; his $200 call might be satire in disguise. Is it confidence, or the kiss of death?
📌 Strategic Takeaway
I’m intellectually intrigued, tactically cautious. Price remains above key trend levels, but I won’t chase a valuation that demands clairvoyance. I’ll wait for confirmation, not conjecture.
📢 Your move, Tiger Traders
Does Cramer’s clairvoyant call heighten your conviction, or sound the bell of overconfidence in an AI-saturated market? Drop your view below and let’s dissect this drama with the precision it deserves.
Trade like a sceptic, not a sycophant. Analyse ruthlessly, laugh often, and always keep your exits mapped.
🕵️♀️🍷🎭 Cheers, BC ~ your resident contrarian with a velvet scalpel.
🍀🍀 HᗩᑭᑭƳ ƬᖇᗩᗪƖᑎG ᗩℎƐᗩᗪ! ᑕℎƐƐᖇᔕ, ᗷᑕ🍀🍀🍀
@Tiger_comments @InverseCramer
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I really appreciate how you write them enjoyable and fun
Cramer said 200, but never said when... it could be next month... next year... next decade... 🤔🤣