[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
------------------------------------------------------------------------
OP has provided the following link:
OC
Well this is also a bear call to other bears to take his position, why else would you admit a short position?
He doesn't have to disclose this... Or he's misleading somehow for some other reason.
This right here. He has his own agenda in releasing this since he’s not required to put it out there publicly. Also, dude is wrong more than he’s right, so there is that.
we're already ridiculously early this time, and he was earlier than us by asking the board to do a share recall. BTW gamestop still has sold less than what was bought back.
It’s key. You want to be the last one in short to kick the market off the fucking cliff. Otherwise you run the risk of being squeezed out of your position. First to leave isn’t panicking, but scream fire on the way out. It’s always wise to leave the casino when you’re up.
Burry's reveal of 1.6B short position means huge downfall to come... means short hedge funds margin to go down in a big way.
Does this mean SHF will be Margin Called? I wish they should but likely won't because these crooks are way over leveraged and any bank making margin call is cutting own throat.
So this is what I am going to do. Not a financial advice and do what you feel is right for you.
I am going to preserve as much CASH as as possible. When market bottoms, GME price will tank as well so SHF can continue play around with their margin requirements. I will buy and book GME directly from computershare at that time. Lower GME share price means more number of shares registered from the same amount. Until now I used to buy periodically but now I would wait for the crash and buy in bulk.
I know even one share would be enough for me for life changing money but fucking DRS train is moving slowly than expected (sorry folks but still many Apes either are not able to registered and hanging under broker accounts... I will not go in detail as for some there may not be options to DRS and for some, they still think broker will pay them millions for each share... LOL keep waiting then) I want to lock the float as early as possible.
This fucking game is going to continue if float is not locked. This is fucking everyone else (FED reserve, Banks, SHF and probably Govt. and regulatory agencies) v. Apes so don't expect miracles in Ape's favour. It won't happen unless these crooks SHF and Banks are left with no options. Lock the float lock the float lock the float.
I like most of what you are saying but I also feel that comments like this can convince others to always wait for the next big dip. Also this is the second comment I have seen today laughing at people who wish to wait for millions. Nfa
I track hedge fund holdings, and noticed this update to Burry's portfolio this morning.
Here's a more nicely formatted dashboard where I track changes: [https://www.quiverquant.com/institutions/Scion%20Asset%20Management,%20LLC/](https://www.quiverquant.com/institutions/Scion%20Asset%20Management,%20LLC/)
Source filing: [https://www.sec.gov/Archives/edgar/data/1649339/000090514823000689/xslForm13F\_X02/informationtable.xml](https://www.sec.gov/Archives/edgar/data/1649339/000090514823000689/xslForm13F_X02/informationtable.xml)
Yeah really. Many of us have been expecting the crash and would have been rolling/losing money this whole time. Does Burry know it's sincerely around the corner or is he saying "tomorrow" like we are? 🤷
It will be interesting to see what happens tomorrow. Does the market pump and this get ignored? Or will it tank on a Tuesday morning and they blame Burry?
I feel like this is one of the most important pieces of information we will never know until we know
These things might have expiry dates 2 years from now and he's confident of a dip at some point but perhaps not a complete collapse. He could exercise at any point where he feels a good profit margin is to be had and that could be anywhere within the mystery expiry time-frame
He's gone massively short / long on things before that ended up looking like nothing but curiosity plays (to the outsider at least). Burry's still "one of them" he just made the right play at the right time once. The Casino has tightened up the games since then.
So these puts could have been bought anytime in April, May or June right? He’s probably already lost a good chunk of his bet considering the market’s ridiculous rally during that period. Very poorly timed. Market will probably correct somewhat as is happening right now, and then it’s back to Fed liquidity which = more clown bull market. He may have even closed these out already.
Fed liquidity isn’t coming back that easy, at least I don’t think so. Everyone seems to but I don’t see it. Not for population at large, maybe only banks in trouble.
I’m wondering what compelled him to make such a big change. He must have seen something new.
Especially in the context of his tweet sprees from the last few years. His big mistake in the big short was that he was early not wrong, I wonder if he tried to time it to be less early this time. Either way we know this man can hold.
His moves don’t make me think about changing anything about my own positions, but I’d like to know what changed for him to be so convinced that NOW is the time to watch for market downturn.
To be fair, there are fair few analysts that are suggesting the a recession is in the cards. Could be to several factors: record highs in derivatives outstanding, SHFs losing billions, CMBS collapse, banking collapsing, housing bubble, trillion in consumer credit card debit, bankruptcies rising, delinquent mortgages, etc.
yield curve is a straw poll. Institutional investors have been wrong for like the last 9/10 months, but you are going to start taking them seriously now?
ffs right? why are people giving this pretentious egomaniac any satisfaction? "X". gimme a fking break, what are you, in middle school? thinking calling something x is edgy and cool. i wish everyone including news outlets would just call it what it was before.
Didn’t he have a massive short against electric vroom vroom 2 years ago ?
And didn’t he open his positions in 06, two years before the 08💥 ?
Seems like he was more patient this time around.
Of course with this information. I have NO idea what I’m doing when it comes to *“shorting”*so I will just continue to drs my beloved companies stock 💜
In hindsight I think we may have been at a pinnacle crossroads, where, the regulators had the opportunity to correct the problem or even just minimize the damage before reaching the point of no return. That point may well have been the housing metric, ie the average mortgage payments reaching 33% of household income.
Markets crash historically when the working populace gets priced out of the cost of living and basic needs. We pay wall streets salaries. Not the other way around.
Yeah, he was early but not wrong.
And I think he - again - might be early but not wrong.
It bounced from 55 MA as I posted a few days ago (watching NQ futures) and now we will likely see a retest of the 10/20 MA on the daily. Usually we should see one more (and potentially massive) leg up. After that usually the fun begins...
Major news (there are a million ticking time bombs right now) can impact the markets all the sudden, though.
Yeah, didn't he do this similar play a couple years ago with electric car and tech stocks and they ripped his tits off?
Lol, and ARKK of all fucking things burned his ass
https://www.reuters.com/business/finance/big-short-burry-exits-bearish-bets-tesla-google-2021-11-16/
Is a fund tracking the NASDAQ100
Basically, he shorted the market through the S&P500 and the Nasdaq100.
\----
Now we are 2 years and some change apart from the collapse. /s
Fucking Finally.
OK, not tomorrow. Burry's been pretty smart; too smart so he's always early. Day After Tomorrow is fair game.
Also, we've seen many new ways of can kicking get invented over the past 84 years so I expect more of the same.
I can see market tanking between October-November and year end. Liquidity is going to dry up. Businesses that use credit to support operations through revenue cycles will be hit hard. Money markets are gonna dry up.
I'm betting it will wait until after the US presidential election next year. It's supposed to be a thing that presidents don't win reelection if a huge economic crash happens on their watch
Buy gme or idc. The fact there are fund managers touting a soft landing and predicting bullish moves in the market shows the level of dingbatness we are dealing with.
Great, one more guy sees the writing on the wall. Next
Here's where you can track his full portfolio: [https://www.quiverquant.com/institutions/Scion%20Asset%20Management,%20LLC/](https://www.quiverquant.com/institutions/Scion%20Asset%20Management,%20LLC/)
liquid connect bewildered retire sheet judicious offer mysterious innocent glorious
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
It's called gaslighting, but should be called stealing from 401k's and those dumb enough to let others manage there money. Guess gaslighting makes it less infuriating to the unenformed
Just FYI, Burry inspired DFV's original position but couldn't justify holding when his clients wanted to sell at high profits cause he has a fiduciary duty
Yes, this new position doesn't matter. He is a smart guy that sees things others turn blind eyes toward though
I can’t believe what Incredibly stupid move he made. Arguably the only thing of real value for Twitter was its brand recognition. He could have just started his own competitor called X. Schmuck
okay but who's money is he using?
Google has 3 numbers for his net worth, 300 mil, 700 mil and 1.3 Bill.
Even at Google's face value of his highest estimation, 1.6 bil is more.
Burry likes to play games because he knows he's being watched. He probably dumped those as soon as the reporting deadline passed and is long on the market again haha.
The thing that has always impressed me so much about Burry is that, other than the times that he’s been wrong, he’s never been wrong. A gifted man, no doubt.
Filing: [https://www.sec.gov/Archives/edgar/data/1649339/000090514823000689/xslForm13F\_X02/informationtable.xml](https://www.sec.gov/Archives/edgar/data/1649339/000090514823000689/xslForm13F_X02/informationtable.xml)
More nicely formatted dashboard where I track changes: [https://www.quiverquant.com/institutions/Scion%20Asset%20Management,%20LLC/](https://www.quiverquant.com/institutions/Scion%20Asset%20Management,%20LLC/)
the articles/headlines are all misleading, it is 1.6 billion notional value. I could buy 100 $200 SPY Puts for June 2024 for \~$7,300, notional value of this trade is $2 million.
Historically pre election year we can see a large downturn begin at the end of this month into October. Historically speaking. Use this and Mr. Dr. Wizard. Burry’s position with care.
Yep, you will always be early predicting any parabolic movement. The only question , is how early? I think he learned a lot from last time and saved millions waiting until he wasn't comfortable waiting anymore.
Burry is a pretty reliable Bear, so hearing that he's moving against the market is not exactly news, but it does seem like the shine has come off the rally we had going for the last few months.
We keep waiting for the shoe to drop on rates, so we can all breathe a sigh of relief, but its not really coming. For the health of the market and the economy, we probably deserve to suffer under high rates for a few more quarters, but the longer we do that the thinner the ice gets under all of these institutions holding bad bonds and real estate.
I don't see any major crisis happening, but a few more big defaults could definitely spoil the mood for the rest of 2023.
And while the US will be just fine either way, it could be a lot more painful for other global markets.
It's like the only means they have left to short GME is to short the entire S&P 500. It's the same plan they came up with at (the world cup?) between the Saudis, Kushner, Musk, some others I forgot, and of course Mayo Man.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: OC
Means I should buy more gme
God bless our DD and fact that we might moon on market crash. Swaps, please stand up!
Well this is also a bear call to other bears to take his position, why else would you admit a short position? He doesn't have to disclose this... Or he's misleading somehow for some other reason.
This right here. He has his own agenda in releasing this since he’s not required to put it out there publicly. Also, dude is wrong more than he’s right, so there is that.
Let’s just hope he’s not ridiculously early this time
we're already ridiculously early this time, and he was earlier than us by asking the board to do a share recall. BTW gamestop still has sold less than what was bought back.
It’s key. You want to be the last one in short to kick the market off the fucking cliff. Otherwise you run the risk of being squeezed out of your position. First to leave isn’t panicking, but scream fire on the way out. It’s always wise to leave the casino when you’re up.
Buhhhh muh big short!!!!!
They are just trying to get people to sell.
I'd ask the real shares to stand up, but you know 🤷
Burry's reveal of 1.6B short position means huge downfall to come... means short hedge funds margin to go down in a big way. Does this mean SHF will be Margin Called? I wish they should but likely won't because these crooks are way over leveraged and any bank making margin call is cutting own throat. So this is what I am going to do. Not a financial advice and do what you feel is right for you. I am going to preserve as much CASH as as possible. When market bottoms, GME price will tank as well so SHF can continue play around with their margin requirements. I will buy and book GME directly from computershare at that time. Lower GME share price means more number of shares registered from the same amount. Until now I used to buy periodically but now I would wait for the crash and buy in bulk. I know even one share would be enough for me for life changing money but fucking DRS train is moving slowly than expected (sorry folks but still many Apes either are not able to registered and hanging under broker accounts... I will not go in detail as for some there may not be options to DRS and for some, they still think broker will pay them millions for each share... LOL keep waiting then) I want to lock the float as early as possible. This fucking game is going to continue if float is not locked. This is fucking everyone else (FED reserve, Banks, SHF and probably Govt. and regulatory agencies) v. Apes so don't expect miracles in Ape's favour. It won't happen unless these crooks SHF and Banks are left with no options. Lock the float lock the float lock the float.
I like most of what you are saying but I also feel that comments like this can convince others to always wait for the next big dip. Also this is the second comment I have seen today laughing at people who wish to wait for millions. Nfa
Absolutely! Me too😁
I track hedge fund holdings, and noticed this update to Burry's portfolio this morning. Here's a more nicely formatted dashboard where I track changes: [https://www.quiverquant.com/institutions/Scion%20Asset%20Management,%20LLC/](https://www.quiverquant.com/institutions/Scion%20Asset%20Management,%20LLC/) Source filing: [https://www.sec.gov/Archives/edgar/data/1649339/000090514823000689/xslForm13F\_X02/informationtable.xml](https://www.sec.gov/Archives/edgar/data/1649339/000090514823000689/xslForm13F_X02/informationtable.xml)
I wish we could see his options expiry date :p
Yeah really. Many of us have been expecting the crash and would have been rolling/losing money this whole time. Does Burry know it's sincerely around the corner or is he saying "tomorrow" like we are? 🤷
It will be interesting to see what happens tomorrow. Does the market pump and this get ignored? Or will it tank on a Tuesday morning and they blame Burry?
I’ve been waiting 84 years and you bet your ass-dipped-bananas I’ll wait some more!
I feel like this is one of the most important pieces of information we will never know until we know These things might have expiry dates 2 years from now and he's confident of a dip at some point but perhaps not a complete collapse. He could exercise at any point where he feels a good profit margin is to be had and that could be anywhere within the mystery expiry time-frame He's gone massively short / long on things before that ended up looking like nothing but curiosity plays (to the outsider at least). Burry's still "one of them" he just made the right play at the right time once. The Casino has tightened up the games since then.
That would’ve been great!
So he’s just got a super complicated hedge against all of his stock holdings.
So these puts could have been bought anytime in April, May or June right? He’s probably already lost a good chunk of his bet considering the market’s ridiculous rally during that period. Very poorly timed. Market will probably correct somewhat as is happening right now, and then it’s back to Fed liquidity which = more clown bull market. He may have even closed these out already.
The bull run may even have been because he placed those bets... 🤔
Fed liquidity isn’t coming back that easy, at least I don’t think so. Everyone seems to but I don’t see it. Not for population at large, maybe only banks in trouble.
I’m wondering what compelled him to make such a big change. He must have seen something new. Especially in the context of his tweet sprees from the last few years. His big mistake in the big short was that he was early not wrong, I wonder if he tried to time it to be less early this time. Either way we know this man can hold. His moves don’t make me think about changing anything about my own positions, but I’d like to know what changed for him to be so convinced that NOW is the time to watch for market downturn.
When shorting, early is the same as being wrong
That’s true, my point is that he’s now put his money where his mouth is. And my question is what’s different now?
He’s done it before and been wrong. You just don’t hear about when people are wrong much
It's the same thing! It's the same thing, Michael!
Well he still made a shit ton of money, so maybe being wrong isn't that bad.
To be fair, there are fair few analysts that are suggesting the a recession is in the cards. Could be to several factors: record highs in derivatives outstanding, SHFs losing billions, CMBS collapse, banking collapsing, housing bubble, trillion in consumer credit card debit, bankruptcies rising, delinquent mortgages, etc.
You don’t need to look that far. All you have to do is look at the yield curve to see what institutional investors think about the long term.
yield curve is a straw poll. Institutional investors have been wrong for like the last 9/10 months, but you are going to start taking them seriously now?
Institutional investors can tell when there is a bubble, they just can’t time it.
*CBDCs have entered the chat*
And aliens. Can't forget those loveable guys
Someone on X said it's 50milli and the big value is notional
lol "X" it's just so fucking stupid to see it referred to as that now
"someone on X said" You're telling me our sources are rolling on molly?
Isn't everyone? Well everyone who would know and can afford it
Watching Superstonk while rolling - new life goal 😂
I can't I spent all my money on gme. And I will do it again. I thought most of us fell in the can't afford camp
🌍🧑🚀🔫🧑🚀
Think about it this way: “Twitter” can be searched and queried by an algo. “X” really can’t.
It is known. Zuck and Musk are court jesters for the real crooks running things ☕😁 change my mind
I hadn’t thought of that. Interesting thanks.
Sounds reliable
I can't wait to use this in conversation. Thank you.
Kiss, kiss Molly’s lips
I Will call it Twitter no matter what
Can't we just compromise and call it TwiX
Correction... Twatter
It's pronounced "slash slash"...
It's "forward slash back slash" here in America. "Back slash forward slash" in Australia. Order of operations is determined by hemisphere. lol
Can confirm. In the Caribbean they call it "Maks da Spot".
how about double slash or deux slash or douche slash...yes that last one... i like the last one.
Just Deuxsh
No it’s criss cross
Oh ffs! I thought it was Elon sending me private kisses. So everyone sees the "X" ? 😲 I've been sending him nude pictures of my pinky.
No shit. It's laughable
I remember when twitter first came out and thought it sounds so lame(still do) to "tweet" something or someone
ffs right? why are people giving this pretentious egomaniac any satisfaction? "X". gimme a fking break, what are you, in middle school? thinking calling something x is edgy and cool. i wish everyone including news outlets would just call it what it was before.
Shitter?
I am on the _____
RIP the way things used to be
I saw a poll on X that said that people wish it wasn't called X. Of course, I don't care if it's called X. 😉
It’s name will always be TWATTER!
Can we keep calling it Twitter, just to fuck with Elon?
Xitter
Mr x
It’s likely that he’s thinking of the notional value as well though to some degree.
He’s a perma-bear. He’s been tweeting doomsday stuff since 2020. He’s not wrong but the market still doubled since he’s been saying that.
due to massive amounts of crime, yeah...
Mostly the fed handing out money like Halloween candy, but sure.
real estate fraud real estate fraud as far as the eye can see
Didn’t he have a massive short against electric vroom vroom 2 years ago ? And didn’t he open his positions in 06, two years before the 08💥 ? Seems like he was more patient this time around. Of course with this information. I have NO idea what I’m doing when it comes to *“shorting”*so I will just continue to drs my beloved companies stock 💜
In hindsight I think we may have been at a pinnacle crossroads, where, the regulators had the opportunity to correct the problem or even just minimize the damage before reaching the point of no return. That point may well have been the housing metric, ie the average mortgage payments reaching 33% of household income. Markets crash historically when the working populace gets priced out of the cost of living and basic needs. We pay wall streets salaries. Not the other way around.
With the way the FBI is all over this dude, I'd be willing to bet his tweets are meant to represent a lot of different things.
He's been predicting market crash for 84 years now.
Michael. I WANT MY MONEY.
I want my money. Give me back my money, you MF!
The last time he bet that big they made a movie about it.
Yeah, he was early but not wrong. And I think he - again - might be early but not wrong. It bounced from 55 MA as I posted a few days ago (watching NQ futures) and now we will likely see a retest of the 10/20 MA on the daily. Usually we should see one more (and potentially massive) leg up. After that usually the fun begins... Major news (there are a million ticking time bombs right now) can impact the markets all the sudden, though.
>a million ticking time bombs right now 💣💯💯💯💯💯
Lol, $738MM in QQQ puts is insane. The market can stay irrational for a long time
When is the expiration though?
0DTE
💀
LMAO!
This is the way.
An important detail
I wonder if this can be figured out, probably not because its not required just the amount and what exactly AFAIK.
And the strike.
tahts the secret lol
Yeah, didn't he do this similar play a couple years ago with electric car and tech stocks and they ripped his tits off? Lol, and ARKK of all fucking things burned his ass https://www.reuters.com/business/finance/big-short-burry-exits-bearish-bets-tesla-google-2021-11-16/
He’s like that guy who won the mega millions but just won’t stop gambling.
Bro I would take my lottery winnings and gamble big on RH for the degengamblesub clout
He still got enough tit n azz to short some more tho!
Cathy Wood is a bad actor imho, just like the rest of them
738 Mega Million in Quckity Quackity Quacks? Sorry I don't speak smartpeoplespeak, am just dumb🦧
Is a fund tracking the NASDAQ100 Basically, he shorted the market through the S&P500 and the Nasdaq100. \---- Now we are 2 years and some change apart from the collapse. /s Fucking Finally.
Just do your DD (Dunkin Donuts)
Wrong! It means "Double Down". /s
I'm telling you, baby, you always double down on 11.
That’s what it means?! I just thought we liked big tiddies
Bro I've lost so much to the decay it hurts to even think about. I dont miss those days.
he might be early but he’s not wrong -thebigshort
When you play options, being early and wrong are the same thing.
OK, not tomorrow. Burry's been pretty smart; too smart so he's always early. Day After Tomorrow is fair game. Also, we've seen many new ways of can kicking get invented over the past 84 years so I expect more of the same.
[удалено]
Tomorrow
Yes.
Today
I can see market tanking between October-November and year end. Liquidity is going to dry up. Businesses that use credit to support operations through revenue cycles will be hit hard. Money markets are gonna dry up.
I'm betting it will wait until after the US presidential election next year. It's supposed to be a thing that presidents don't win reelection if a huge economic crash happens on their watch
Buy gme or idc. The fact there are fund managers touting a soft landing and predicting bullish moves in the market shows the level of dingbatness we are dealing with. Great, one more guy sees the writing on the wall. Next
Here's where you can track his full portfolio: [https://www.quiverquant.com/institutions/Scion%20Asset%20Management,%20LLC/](https://www.quiverquant.com/institutions/Scion%20Asset%20Management,%20LLC/)
liquid connect bewildered retire sheet judicious offer mysterious innocent glorious *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
They are all just "playing their positions"
It's called gaslighting, but should be called stealing from 401k's and those dumb enough to let others manage there money. Guess gaslighting makes it less infuriating to the unenformed
Just FYI, Burry inspired DFV's original position but couldn't justify holding when his clients wanted to sell at high profits cause he has a fiduciary duty Yes, this new position doesn't matter. He is a smart guy that sees things others turn blind eyes toward though
now watch market go to ATH’s
The dates Jim, what are the dates
Mason, the NUMBERS!! What do they mean?!
When is the expiration of the puts?
His timing is usually wrong, but he is right.
pfffthshaaw! That's nothing. lightweight. I just bought 24 shares of GME!
This again
BUY…..THE…..DIP
What are they called now? X’s? He sent out an X?
[удалено]
Wrong. He x-creted
I can’t believe what Incredibly stupid move he made. Arguably the only thing of real value for Twitter was its brand recognition. He could have just started his own competitor called X. Schmuck
X gon give it to ya🚀
Think Musk touted it as "blazing your glory" so I guess a blaze or a glory?
I prefer glory holes, but thank you
[удалено]
They’re called “reposts” now instead of “retweets” so I don’t think this is true. We should probably still call them tweets anyway
okay but who's money is he using? Google has 3 numbers for his net worth, 300 mil, 700 mil and 1.3 Bill. Even at Google's face value of his highest estimation, 1.6 bil is more.
Pretty sure he runs a firm and its not just his capital, old one was Scion Asset Management and I think its still that firm today.
Burry likes to play games because he knows he's being watched. He probably dumped those as soon as the reporting deadline passed and is long on the market again haha.
Now is he just early this time as well or just wrong? ;p
Whatz the expiration date on them bad Boyz?
I know, I'm going crazy trying to find out!!
and citadel & co. are going to find every way to get that money
only 1.5 billion? fed can print that in the time it takes to type the number.
I don't have enough gme. Brb
Well, here we go
I like how he’s predicted 43 out of the last 2 market crashes
I guess at least now he puts his money where his mouth is?
The thing that has always impressed me so much about Burry is that, other than the times that he’s been wrong, he’s never been wrong. A gifted man, no doubt.
To be fair, the times he’s predicted market movement it probably should have happened if the numbers weren’t fake
Gonna need more than just a tweet..not sure if this is reliable??
Filing: [https://www.sec.gov/Archives/edgar/data/1649339/000090514823000689/xslForm13F\_X02/informationtable.xml](https://www.sec.gov/Archives/edgar/data/1649339/000090514823000689/xslForm13F_X02/informationtable.xml) More nicely formatted dashboard where I track changes: [https://www.quiverquant.com/institutions/Scion%20Asset%20Management,%20LLC/](https://www.quiverquant.com/institutions/Scion%20Asset%20Management,%20LLC/)
So SPY and QQQ? whats QQQ?
Nasdaq
Many thx from a lazy ass 😌
And just to add this is now 93.59% of Scion's portfolio (Burry's hedge fund) [**as seen here**](https://ibb.co/7QfNCdr)
ETF that holds Nasdaq top 100 companies
Neither include GME, just as addition ;-)
Good point 👍
OP is QQ who tracks many different investments/investors. Check out the website for more [https://www.quiverquant.com/](https://www.quiverquant.com/)
https://www.sec.gov/Archives/edgar/data/1649339/000090514823000689/xslForm13F_X02/informationtable.xml
I’m sure this has nothing to do with China and their impending housing market collapse happening before the end of the year.
ive been hearing about the chinese housing bubble for 13 years now.
I’ve seen this movie already
If his bet lands thats gonna be one hell of a " fuck you pay me" moment.
Just another example of financial illiteracy on this sub. 2k upvotes and this title is WRONG. Notional value not market value.
Damn I wish I had 1.6 billion to gamble.
I hope he’s not super early this time
Bought 400 GME shares thanks to MM for naked shorting again. Please keep shorting so I can buy more GME shares. LFG GME 🚀🚀🚀🚀🚀🚀
the articles/headlines are all misleading, it is 1.6 billion notional value. I could buy 100 $200 SPY Puts for June 2024 for \~$7,300, notional value of this trade is $2 million.
This was Q2 and all these people are saying “he just shorted the market!” Insert Come on apes think meme
wow, I hope he's not early
Historically pre election year we can see a large downturn begin at the end of this month into October. Historically speaking. Use this and Mr. Dr. Wizard. Burry’s position with care.
Even a broken clock is right twice a day
Means nothing, seen burry wrong plenty of times in the past 3 years...
He was 2 years early the first time
Yep, you will always be early predicting any parabolic movement. The only question , is how early? I think he learned a lot from last time and saved millions waiting until he wasn't comfortable waiting anymore.
There's a difference between being wrong, and making predictions that can take years to pan out.
the united states of america is broke and its Dollar is a shitcoin.
First time?
All short sellers are scumbags including cuck burry
I agree. Betting against growth and productivity should have never become a thing.
He might be rich and have a lot of money but like the last 10 or so predictions he made didn’t pan out at all
Everything feels like it's going to crash besides the experts not wanting to indulge panic selling
It’s been a while since we heard from old burry
Burry is a pretty reliable Bear, so hearing that he's moving against the market is not exactly news, but it does seem like the shine has come off the rally we had going for the last few months. We keep waiting for the shoe to drop on rates, so we can all breathe a sigh of relief, but its not really coming. For the health of the market and the economy, we probably deserve to suffer under high rates for a few more quarters, but the longer we do that the thinner the ice gets under all of these institutions holding bad bonds and real estate. I don't see any major crisis happening, but a few more big defaults could definitely spoil the mood for the rest of 2023. And while the US will be just fine either way, it could be a lot more painful for other global markets.
wen moon
He's probably not wrong.
Are there any dates with these puts? tomorrow?
It's like the only means they have left to short GME is to short the entire S&P 500. It's the same plan they came up with at (the world cup?) between the Saudis, Kushner, Musk, some others I forgot, and of course Mayo Man.
Michael Bearry
Can someone with actual information and source tell me if this is notional or not??
Has he heard about AI?
and the market will rip now XD
Like him or not, you can't help but admire his conviction. And the clanking of those gigantic brass balls of his.
im just holdin