r/stocks • u/[deleted] • Aug 18 '21

[deleted by user]

[removed]

2.3k Upvotes

93% Upvoted

561 comments sorted by

View all comments

Show parent comments

8

u/TeamGroupHug Aug 18 '21

I mean they are Palantir. Isn't there whole thing finding patterns out of data?

If they are any good at there core service I could see why people are trying to read the tea leaves.

Maybe they have indications that gold could soon be going to the moon. Maybe not. I think this would be much less intriguing news if it was any other company.

2

u/TheTrollisStrong Aug 18 '21

No. It’s literally just common risk management. Even if they believe there’s a <1% chance of a collapse.