21–30 of 301 posts
Personally I loved every bit of the GME show and I'd love to see short sellers get squeezed on TSLA as well. Shove it to them. We don't need pessimists in this world.
>Michael Burry is long puts ....so short?
I'm having a hard time with this one since from the article it doesn't seem like Burry is seeing anything that isn't very well discussed/analyzed already regarding Tesla. Short sellers have gotten very burned in the past in gambles like this, but they've also sometimes made money. Given how historically irrational the market has been about Tesla, this just seems like a gamble rather than the well-reasoned short posit…
A short is a gamble all the time because you don't know the time component. Burry was "lucky" in that it happened fast enough. There are lots of people who want to short Tesla but don't dare to because of the cost involved in it and unpredictability of when their bet would pay off.
Also related, since we are talking about Michael Burry (alias Cassandra on twitter), besides the subprime mortgage shorting in 08, another interesting bet he made was with GME (gamestop) against the shortsellers. To clarify, Burry was long on GME, I think his bet was done in January, and ended it late december, so very likely more than 5x returns.
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Personally I loved every bit of the GME show and I'd love to see short sellers get squeezed on TSLA as well. Shove it to them. We don't need pessimists in this world.
Also related, since we are talking about Michael Burry (alias Cassandra on twitter), besides the subprime mortgage shorting in 08, another interesting bet he made was with GME (gamestop) against the shortsellers. To clarify, Burry was long on GME, I think his bet was done in January, and ended it late december, so very likely more than 5x returns.
[deleted]
Personally I loved every bit of the GME show and I'd love to see short sellers get squeezed on TSLA as well. Shove it to them. We don't need pessimists in this world.
I don't like companies getting pushed out of business by big short sellers or making money but just publishing bad research under guise of shorting a company. I also detest fraudulent C-suite executives.
>Michael Burry is long puts ....so short?
I'm having a hard time with this one since from the article it doesn't seem like Burry is seeing anything that isn't very well discussed/analyzed already regarding Tesla. Short sellers have gotten very burned in the past in gambles like this, but they've also sometimes made money. Given how historically irrational the market has been about Tesla, this just seems like a gamble rather than the well-reasoned short posit…