PLTR: Typically heavy reliance on earnings
The more things change the more they stay the same... but something is different this time (maybe?).
Palantir has always, since post hype run, relied on earnings for its trend movements. So that may well be the case this time 'round. One factor that stands out from previous earnings calls is the institutional ownership. It is now 40%. That is significant. Big money does not put that much money in a pile unless it more certain than not, they will see a return on their investment in the short term.
So with that, we may finally see upwards movement after earnings this time.
Either way, I am buying.
Good luck all.
Palantir has always, since post hype run, relied on earnings for its trend movements. So that may well be the case this time 'round. One factor that stands out from previous earnings calls is the institutional ownership. It is now 40%. That is significant. Big money does not put that much money in a pile unless it more certain than not, they will see a return on their investment in the short term.
So with that, we may finally see upwards movement after earnings this time.
Either way, I am buying.
Good luck all.
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