Palantir Hype:
The SPAC hype that reached a frenzied pace, to put it mildly at its height has come screaming back down to earth. Last week a couple had their capital returned to shareholders. Some stocks that have crashed in their own right include SKLZ this week traded below $1 after being in the upper 40s last February. Below is one that is still below that $ 10-a-share PRICE but has some things going for it. This week is showing some excellent relative strength higher by 9% heading into Friday, while the IGV is up less than 1%. Famed investor Stanley Druckenmiller, who is extremely bearish on the market, has a sizable position in the name. Its WEEKLY chart is its sporting a bear flag pattern with a move below 7 carrying a measured move to 3, but until that occurs one can stay long. If 7 is breached one can flip their long to a short but for the time being respect its clout.