Michael Burry closed his short position on PLTR at $106, the 0.5 Fibonacci level, which was the expected exit point for the last 9 months.
Closed short at the 0.5 Fibonacci retracement level ($106), indicating a precise exit point after a bearish position.
Burry closed his $PLTR Short on the 0.5 Fib at $106 today The exact level you should be closing at and the same level we have been expecting for the last 9 months This was precision by Burry. Who is, quite clearly, a member of ours.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +5.3% | +6.0% |
| 1 week | +20.5% | +19.1% |
| 1 month | +22.6% | +22.0% |
| 3 months | — | — |
| 6 months | — | — |