ACI CEO Todd R. Walsh was recently quoted in Barron’s and MarketWatch to discuss Palantir’s substantial rise, comparing the software company to Qualcomm in the late 1990s. According to Walsh, “[pulling] some chips off the table” while the stock is high could be a wise decision in the case of Palantir.
Here is an excerpt below from Barron’s:
“Todd Walsh, CEO of Alpha Cubed Investments, said Palantir’s meteoric rise reminds him of the run that chip stock Qualcomm enjoyed in the late 1990s. Qualcomm hit a peak in 1999 and didn’t get back to those levels until more than 20 years later. That’s a reason why Walsh said he sells a little bit of Palantir every now and then. He added that he’s happy to be wrong if it keeps going higher, but it is prudent to lock in some gains.
‘When a stock becomes a phenomenon like Palantir, pat yourself on the back. Luck has been your copilot. You should pull some chips off the table,’ Walsh said.”
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