$Palantir Technologies Inc.(PLTR)$
$Palantir Technologies Inc.(PLTR)$ Why do people always think when a stock tanks it's due to the shorts? What you all witnessed today was a massive dump of shares from Institutional investors. There are still plenty of shares available and actually the borrow fee is still pretty cheap considering the amount of shares traded today. The Tutes and Hedgies followed the charts of NVDA and SMCI today and it affected the whole AI sector. MM is getting out before the onslaught starts. Both of those two stocks basically stalled and are setting up for a major reversal. For about the last eighteen months NVDA set the algos off for the whole market. They are getting ready to take it all back. It wouldn't surprise me a bit if one of these regional banks that are in trouble decides to announce they are kaput when the market is closed tomorrow. If it does play out that way (Or any other off the wall event) the entire market is going into freak out mode on Monday.
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