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Palantir CEO Alex Karp has criticized short-sellers for allegedly pushing down stock prices of American companies to fund their habits, referring to them as 'cocaine-fueled.' Despite this, Palantir's short interest is low at 5.24%, with insiders being the main sellers of the stock.
Palantir, $PLTR, CEO Alex Karp said this week: “[Short sellers]... just love pulling down great American companies so that they can pay for their coke." https://t.co/03xtBbf813
In trading, patience isn't just a virtue, it’s required for profitability.
Prior to the $PLTR CEO's interview, I was unaware of any short sellers utilizing short proceeds to buy coke However, I do know that many short sellers go out and short overvalued stocks to use the proceeds to buy undervalued stocks It's a much more logical and rational strategy https://t.co/yzepWdk8NT
