PLTR rapid rise makes it a likely candidate to pull back some. Old time valuations on these new age companies are obsolete. The old ways considered a P/E over 23 to high. Yet Amazon has a 93 12 month trailing P/E. Tesla around 90. SNOW a Buffet loved company has a market cap that is about 150 times their rev. and loses lots of money. PLTR does have a lofty valuation but I believe they will grow into it.
Citron had a short on NIO about a week ago around 44. They are 55 now. I would wager Left shorted and then released his news letter covered and bought. Average daily volume has been over 100 million. IMO that is accumulation by institutions.
ARK added 32,940 shares the same day Citron dropped their report.
Differences makes Markets. Nothing wrong with taking profits are shorting a bloated stock.
I am still long PLTR. Despite Citron I would make a friendly wager that PLTR closes above 35 before closing below 20.