$NVDA went up 6800% after the Tweet by Citron, Then PLTR will…？

$Palantir Technologies Inc.(PLTR)$ droped more 9% on Tuesday trading.

Got caught with 2 contracts $Palantir Technologies Inc.(PLTR)$ at $158 cost, I had thought 160 would hold but it went below😅 maybe low is near?

$Palantir Technologies Inc.(PLTR)$ fell due to two news:

• citron short sell report

• broad base selling of ai companies due to MIT report: 95% of generative AI pilots at companies are failing

News related:

However, look at $NVIDIA(NVDA)$ , it went up 6800% after the tweet by citron:

If we take a page from history. Then $Palantir Technologies Inc.(PLTR)$ will...?

And i think we should not worry about the fundamentals. To me, market is just finding excuse to sell down pltr due to its premium valuations.

Technically: $Palantir Technologies Inc.(PLTR)$ just closed gap at 161.

Look at previous round after closing gap: if we take a page from history on how pltr reacted after it closed the gap in March, probably $Palantir Technologies Inc.(PLTR)$ will hover around this level or go down somemore before staging a comeback.

Personally i think PLTR was trading at $160.66 prior to the earnings announcement.

So anything below $160.66 is showing that investors are negating the good earnings, which does not make sense.

For investors shortterm can look at 20%.

Normally bulls will try to make sure stock does not fall below 20%, cuz more than 20% drop signals bear market.

so at this price level, $Palantir Technologies Inc.(PLTR)$ is in bear market, that means freefall from now.

Some negative throught by fund house.