$PLTR Follow the Cash...
Everyone is debating whether $PLTR is expensive.
I think the more interesting question is whether cash flow keeps surprising to the upside.
Alex Karp has talked about the potential for $15B-$18B in annual free cash flow over the next few years.
If Palantir gets anywhere close, today's valuation will probably be judged very differently than it is now.
The stock has had a huge run, so I wouldn't chase extended moves.
But as long as commercial growth and margins keep improving, the long-term thesis is still intact in my view.
I'm watching the business execution more than the daily candles.
Happy trading day! Buying strength or waiting for a pullback?
Have a great session.
