$Palantir (PLTR.US)$ earnings not even out yet and ppl are s...
$Palantir(PLTR.US$ earnings not even out yet and ppl are selling off????
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Shogun80 : Most probably the earnings report is screwed.
Fake BNF : banker could know the earnings earlier
Shogun80 Fake BNF : It’s a good bet PLTR will miss earnings for the Q.
djmiller : Or big money expects that retail is planning for this to moon and is faking out to the downside. Check the order outflows they are mostly XL orders that are disproportionately selling.
Macdonell J : Either way, the big whales might have wanted to flush out the weak hands, and subsequently collect the beaten down shares.
djmiller : Exactly, look at the trading volume already in the first thirty minutes is almost up to the average daily volume of shares. It is down to the 20 ema. I wouldn’t be surprised if this thing bounces back up.
Shogun80 djmiller : The plunge is way way too deep. It will only plunge further.
SpyderCall : it moved up so much in the premarket. Perhaps the market makers needed to dictate the price action to limit their risk to gamma exposure through Delta hedging. A lot of the time, this is the supposed reason for the irrational moves into he market.