The worm has turned
$Palantir(PLTR.US$ On Nov 8, 82% of all shares purchased at a price below the stock price that day meaning they were profitable.
Only 3 weeks later on Dec 1, virtually everyone was a bagholder. Less than a third of one percent of shares were not in the red. That is equivalent of only 1 out of every 300+ shares.
Where we currently stand now, about 22.5% of all shares are profitable. Just looking at this chart, an untrained naked eye looking at red and green volume bars can see the transition that is occuring right now.
But it’s when you look at Capital Inflow, specifically extra large block orders that the transition occuring becomes evident. After 7 straight red weeks of Capital Outflow, we just had our first week with inflow again.
And looking specifically at the last 7 days of trading, we have had extra large inflow on 5 of those days with the 2 outflow days being relatively small in size. It computes to almost a net 60 mil inflow over that time period. momentum is swinging bullish.
Because these extra large blocks represent the institutional side, it’s safe to say that their money is coming back into this stock big time since Dec 14.
Because these extra large blocks represent the institutional side, it’s safe to say that their money is coming back into this stock big time since Dec 14.
I opened a huge (for me) long position today in the stock. With this set up, it’s possible to see a SP around 25 before EOY. Im calling for 35 by the end of January 2022.
At 35, there will be no bagholders and nearly 100% of shares will be in the money
And finally, PLTR has the sixth most outstanding interest of any stock and it is fourth in volume traded.
At 35, there will be no bagholders and nearly 100% of shares will be in the money
And finally, PLTR has the sixth most outstanding interest of any stock and it is fourth in volume traded.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I block accounts with no name, pic, trading history or posts that try to follow me. Sorry hedges
1644Followers
220Following
10KVisitors
Follow
Mike HuntOP : We have bounced off of the lowest level the lower Bollinger band was ever at for this stock which was late May/early June. The stock price went beneath that lower band but I use the band itself as an indicator of areas of support. I added that line at 17.64 and it is tangent with the lower Bollinger we just formed.