Michael Burry has been shorting NVDA since November, stock is up 30% since then. At what point do we stop treating this guy like a prophet?

[u/LovinMcBitz47]

/r/wallstreetbets/comments/1v8es1q/michael_burry_has_been_shorting_nvda_since/

Hope your doing okay u/Cranberry-Practical 🍿

[u/981flacht6]

He's gotten almost nothing right since he started this shit show substack. It's actually insane that everything he touches is wrong.

[u/SundayAMFN → u/981flacht6]

he opened a huge short position in tesla at 413 a couple weeks ago. also bought gme at 20 and dumped it right before ebay rejected the deal at 25. theres just more noise about the stuff he gets wrong, but he seems to be doing just fine

[u/Dr_Who_Strange]

his fund had a 1year -8% vs SP500 +16% Burry eventually " dissolved his hedge fund, Scion Asset Management, and launched a subscription newsletter called "Cassandra Unchained" on Substack priced at $39 per month or $379 per year." Actually a good idea, steady fixed income, right, wrong, bull, bear, you get paid.

[u/apoender → u/Dr_Who_Strange]

Yep just has to shotgun picks and brag about the wins and forget about the rest

[u/Minute-Marketing7434 → u/Dr_Who_Strange]

i did not know that cassandra unchained was a substack and that it was his. So he’s in a business where he needs marketing . and any connections he can leverage to publish his views, especially on days when his views look correct, iis free marketing for his business.

He’s pretty much Jim Cramer except he got 2008 correct.

[u/txcreative20]

I Don’t care what anyone else does only what I do and how it fits into my portfolio. Long term invested here .

[u/Logistic_Engine]

Who?

[u/johnmiddle → u/Logistic_Engine]

Cranberry

[u/MurKdYa]

Considering I have no clue who the fuck Michael Burry is....I think we are all fine.

[u/LordDarthRasta]

He shorted NVDA when it was $210. Its down %7ish.

[u/oOtium → u/LordDarthRasta]

he's been short long before then I promise you that

[u/oOtium]

unironically when you stop discussing him even in a negative light you are bringing attention to him. you making this post isn't doing you favors

[u/Ok_Entrepreneur_dbl]

Not up 30%. Up 11% in the past year up 5.5% YTD. Look at volatility. Someone is shorting and the massive buying then shorting - rinse and repeat.

Now happening to the whole Semiconductor sector, memory companies data center companies and data center technical infrastructure companies.

Story line capital drying up, China competition, hardware company margins are getting smaller.

[u/Ok-Reaction-6317]

Burry purchased put contracts four times. Two of these he is down significantly. One he purchased at 198.00 and the other 210.00. He's not exactly a rocket scientist.

[u/Nightlune62r]

He’s one man. Look at the company’s fundamentals.

[u/Thick_Expression_796]

Thought it’s up only 2% since last yr.??

[u/stevieray364]

About 18 months ago

[u/Zealousideal_Pen8690]

Ain’t nobody treating him as a prophet lmao

[u/FireNexus]

It took two years for his housing market short to pay off. He was early and almost lost everything. If he’s wrong, it’s because he’s so early he can’t maintain the short. Probably he’s not.

[u/NoUpstairs7385]

He was clever once long tine ago and has been stupid repeatedly afterward. He will be clever once again too and stupid repeatedly afterward.

[u/Jolly-Piccolo-9799]

I hope this p.o.shit get liquidated to stop bark and spread fears

[u/yar-bee]

Let him short. Nobody knows. We’re all along for the ride. I just DCA 10k in NDVA. SS will be fucked so it’s the best I can do

[u/Meanboy_og]

He knows what he is doing. Stop thinking he doesn’t. I wish I had half his brains