And gentlemen, the great chicken has spoken chicken. Genius Singapore came down from the Heavens to a smear morals and let us know that he sold out of his entire Palantir position and I Tom Nash one of the greatest Bulls of Palantir long term. Think that his decision is a hundred percent correct, the dude is 100 right and I fully support his decision and I have not gone mad and in this video I'll explain why Now look chicken Junior Singapore AKA Ken is a personal friend of mine I think he has a great Channel and he is a great guy Now that has nothing to do with my objective analysis of his decision being made here. and I'll explain in a second if I thought that he's doing something stupid I would have called him out on that and we disagreed publicly on many things before that not uh, you know explain to you that this has nothing to do with my friendship but I do have to be honest and let you know that I do have a friendly relationship with Ken I'll explain to you why what he did is a hundred percent correct and it's going to take me two minutes, not more.

Listen, here's the story here. Palantir long term has a bright future. It has an incredible technology, a powerful mode. the management team is a hundred percent way way better than people.

Give them credit for the sales team is getting better and Etc et cetera, the balance sheet. We could talk about it all day long. Obviously I can make a whole two-hour presentation Why Palantir is indeed one of the best stocks to invest in right now for the next five years. In fact, if you want a two-hour video about that comment below, I'll make a two-hour video expanding everything Point by point.

But that has nothing to do with today's video now despite everything I Just said. despite my bullishness on Planetir, why do I think that what Ken did is the right decision a hundred percent? Well look, there's not a stock in the world where you want to invest when it just went parabolic. Now if you pull up the chart of Palantir, you'll see that it went up 30 in a single day. Now, if anything has gone up 30 in a single day, it's a parabolic spike.

As I just said a second ago, you never want to buy and do anything that just went parabolic within a single day. There's not a stock in this world unless there's some extraordinary craziness that can hold a 30 position and not correct backwards. It's just too big of a spike. Like anything in life, you don't want to be the last guy in because you know what they say.

If you don't know who the sucker in the table is, most likely you are the sucker. That's the same thing in the stock market. For those of you who have bought with Ken I think Ken invested almost four hundred thousand dollars into the stock just before earnings. He made his 100 000 he got out he's a Trader and in fact, he's a very good Creator But what he's doing here also also is an important and very valuable information for long-term investors.

Obviously for Traders this was a good trade I'm not saying anything about it I personally am not trading so I didn't buy it, didn't increase my position before earnings, but it's good for Traders right? But for a long-term investor, what Ken just did right now signals something very important. What Ken is doing is basically telling you, hey, this thing just shot up 30 I don't think it can hold that level of just under ten dollars because it just spiked up too fast. He's talking about technicals, nothing but technicals, nothing but crowd psychology. Everything that drives stock prices in the short term and is saying hey, this thing, it went up too fast.

Now it's the same thing like me saying to you what Ken just did right now is like can selling right now, taking profits and going 100 sale is the same thing as me telling you, hey, if you are now interested in palantir because their financials have improved because their Outlook have improved and because now you see the light about the stock NOW may not be the best time to buy into it just right after it went parabolic because it's literally a few days away from a bad microeconomic report. bad inflation report. Some sort of a thing that happens in the geopolitics. Whatever something may happen that can push the stock back down.

In fact, Chicken Genius told you in this video that he's going to buy back in if it drops to eight and a half dollars. So what chicken genus is telling you here is that guys. This dog just shot up like crazy. It's overreacted, it's full of Fomo, and it cannot withstand that.

And now he's saying I'm gonna take profits. Gonna buy back in eight and a half dollars For long-term investors, What this means is the entry point for the stock. Optimal entry point is probably around eight, eight and a half dollars. It can still go down to this level if bad things microeconomically happen.

It's a very volatile Market There is no urgency, there is no point, and I've said it multiple times to Fomo into a stock right after it jumped by 30 in a single day. And in that aspect, me and Chicken Genius or Chicken Genius. and I whatever is the right thing to say. We agree 100.

So him taking profits right now is the smart thing. even though I'm not a Creator I can tell you that I wouldn't invest in stock right after about 30 and him taking profits is the kind of mirror image of the same thing. And that's why I 100 agree with what he said. As always, a huge thank you for all of you if you want to see my breakdown of the Q1 finances of Palantir, I'm gonna put it right on my face right now.

Go check it out I'll see you in the next video.