/biz/ - Business & Finance

>>27273301
he's shorting tesla, you know what to do

>>27273424
Following him with leverage?

>>27273301
>>27273424
i mean is he not in deep red on tesla?

also what play did he make that you are referring to ?

>>27273424
Tesla is down 10% from ATH

Its the aspergers he has.

>>27273301
pure focused autism

>>27273301
>>Profit again from another economic fiasco
>How this guy can only hit homerun's every fucking TIME
the calls he makes are rational ones, not financial ones, and he has enough capital to wait until he looks like a genius

>>27273301
weaponized autism

>>27273591
he bought $15M GME in april

>>27273424
I can't afford tesla puts

>>27273301
He literally just does lots of research.
For the subprime crisis he's he only one who actually read the legal documents and mortgage terms involved to realize they weren't sound.

>>27273591
He's usually a little early, but right

>>27273424
Proof

>just wait 13 years for an opportunity bro

>>27273591
his autism make him start really reaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaally early, but he always right at the end

>>27274058
so how much would it cost me daily to short a tesla stock ?
i could use degiro

>>27273301
just have enough money in your bank account to do EVERYTHING and watch it all day

he probably has 50% failures like everyone else just people only report the good things because he blows it out of the water with it

>>27273591

This one.

>>27274177
so he sold at a x4 ?

>>27274123
just a couple thousand dollars but youre gonna be red for awhile.

i dont know some insitutions and politicians are long on tesla and loading up more and hes shorting. massive gamble.

>>27274249
most likely... thats why he sperged out on twitter.

>>27273696

>>27273959
https://www.marketwatch.com/story/big-short-investor-says-his-big-tesla-short-is-getting-bigger-and-bigger-11610313191

it's the lazy eye

>>27274327
link ?

>>27273965
>just make billions, bro

>>27274327
What a paper handed bitch. ngmi.

>>27273638
lazy eye / strabismus is common in people with autism gene. autism gene is linked to creativity thats why

>>27273424
probably follow him, tesla just lost money on every single car they manufactured yet again. all of their profit is carbon tax credits and they're not gonna be the only supplier. when it becomes a buyer's market, they're toast. how will that happen? well, i'm definitely not fucking telling you people. that's for sure.

>>27274425
he deleted it but was just a comment on how GME is "unnatural, dangerous"

>>27273301
does this nigga have a newsletter or some shit?

he's been shorting TSLA, he'll be the one to finally trounce the MUSK, I can't wait until short sellers finally push him in on twitter once his TSLA scam implodes

>>27274249
>Burry’s hedge fund Scion Asset Management disclosed it bought 5.3% of ailing video game retailer GameStop at between $2 and $4.2 a share, spending about $15 million in total. Burry’s play was to urge GameStop to use its cash to buy back stock, potentially retiring about half of its shares outstanding. In a sharply worded letter to GameStop’s board of directors, Burry called for the company to exhaust its $300 million buyback authorization. At the time of his letter GameStop’s entire market cap was just $300 million.

>>27274351
Hmm he's probably right too, even musk said it was too high at 200, right?

>>27274123
alot, serious red lines for long time, this is the type of bet only you can endure with thousands of millions of money and full focus autism

>>27273301
it's more like the wsb oldfags simply followed his plays
hilarious how now the wsb newfags are like "hurrr short sellers are evil!!!" when the next play by the oldfags will be shorting tsla and their meme bible is called "the big short"

>>27274701
Tlsa obviously isn't a scam... the shares may be over valued, but that hardly reflects the company

>>27273301
it's the eye

>>27274803
while smart due to high iq autism, he also severely underestimate/cannot understand that we're now on the clown world timeline, tsla/musk will keep rising due to memetic darwinism, not market fundamentals

>>27274803
>Hmm he's probably right too, even musk said it was too high at 200, right?
Elon musk changed his mind when he became the "richest man in the world"

bears do the market a favor by killing bubbles, be thankful people like burry exist

>>27274908
>hurrr short sellers are evil
nobody says this

>>27273591
>not a problem, just playing Chess in 5D again

Musk took Burry's advice on the most part and set up an ATM program for shares up to $5B.

Tesla will still more than likely suffer huge losses to its share value, but they will remain operational for a long time as there's protection in place now.

>>27274908
yeah TSLA shorters will now get rich, there was a virial post on WSB a month ago or so where one guy said that now people made millions longing TSLA, it's now turn for people to get rich shorting it, unironically Burry's next big meme play is shorting TSLA

>>27274447
He always has one eye on the market.

Weaponized Autism.

>>27275145
honestly i dont see a difference between meme stocks and the stock pits of the 80s/90s

>>27274447
He has a glass eye. Didn't you watch The Big Short?

How do we short amazon?

>>27274471
if I had tons of money I'd be shorting tesla for sure, I just dont have faith in not going broke waiting for the market to stop being irrational

>>27273424
trying to short a parabolic pump is foolish. Yeah, it will dump, but you don't know when exactly the music will stop. In all likelihood you'll get liquidated long before your short pans out.

>>27275145
he said years ago that fundamentals are gone and thats what resulted in this bubble because of the passive investing shitshow
the ETF time bomb is very real and it has already started to crumble

>>27275017
>the shares may be over valued
that's what makes it a scam, it's overvalued because of the call options people have been buying for months which forces option sellers to hedge and buy the shit share creating a bubble, I like how the TSLA and BTC have been almost identical for the past year, as well, they'll both go down together

>>27274327
>>27274553
he didn't "sperg out" ... he later said he supported what was happening and talked shit on the shorts. the "unnatural, dangerous" was about the shorts.

>>27273591
yea im pretty sure he shorted tesla a month or so ago so yeah hes pretty deep in the red.

>>27275823
not after their 'earnings' call

>Sir, Bale...
>Its me, on the phone. What do you want
>The script is done, the sequel of THAT movie is finally the casting phase
>Send me the script, Im in...................
>*Hangs up the call*
>Katy, connect me with my agent
>For what purpose in particular
>We're gonna make a meeting with someone
>Who, sir?
>Michal burry
>*The computer displays on the screen the sequel of "THE BIG SHORT"*

Why not wear an eyepatch that would look based

He's just the epitomy of DYOR

>>27275540
Amazon is thatast thing I'd short. It's got so many leading platforms, and any antitrust/monoply breakup would probably hit google before amazon imo

>>27276035

>>27275752
That's hardly "his" scam then, is it?

>>27275640
yeah, but buying a long dated put, when you know the underlying is destined for collapse, is the easiest thing in the world. you don't pay any interest and you don't get margin called.

>>27273301
Every time he does this, the SEC jams audits and subpoenas up his ass. They really hate this guy.

>>27276035
The Big Squeeze

>>27275691
whats the counter play to that ?

>>27276125
why did the 2 guys panic in the movie? why did they sell their shorts early for only a 2x on their money? even had to haggle on it

>>27275540
you're asking for death there bobo

>>27275691
passive investing shitshow, do you mean that boomers DCA into "stable" stocks forever and ever pumping their market cap to unrealistic numbers?

His autism forces him to read the entire 10-K before investing. Buffet did/does the same. Do you /biz/?

>>27273424
hol'up

>>27276765
The fuck is a 10-K?

>>27275017
>Electric cars aren't a scam
In what way?

>>27276938
>/biz/ - Business & Finance

>>27276634
the banks they bought the shorts from were threatening to go insolvent, weren't they? If they held too long they'd have nobody to sell to or something

>>27275145
although it's red right now...

How do value investors like burry even value stocks now? if you could still boil a companies values down to some math formula and make money on it people would just program algos to scrape the sec website and do it until it didn't work anymore. Seems like any investment strategy has to involve some degree of speculation now

>>27277051
so how did baum go so long without selling his position ?

So when is the predicted ETF bubble pop?

>>27276992
Well you see they're selling cars which are electric. Therefore when the customer buys an electric car, and they receive an electric car, that doesn't really count as a scam...

>>27276486
>The Big Sneed

>>27275540
>How do we short amazon?
why would you short fucking amazon? They print billions and billions in revenue, they have a working business model optimized for losses so the customer wins and they make moeny in the long term. Amazon is value: the company

TSLA by comparison is like a scam token without a user base, it was pumped purely on memeonics. Every large car manufacturer has bigger profits than tesla, yet telsa is worth more than them all combined. The smart play is to short it back to $50

>>27277051
yeah there was class-actions lawsuits beings filed against them
>>27277121
well as they say in the film, "it's now or never"

Ironically, the same thing will happen to TSLA with Burry shorting as it will with GME and wall st

>>27277422
but if it was already so far in everyone knew the banks would fail so how did they get the money out of it?

>>27273301
This guy bought millions of dollars of nickels thinking they would skyrocket in value. You know what to do.

>>27277220
It is when the overt government subsidizing of electric vehicles occurs. Which will happen along with the upcoming financial armageddon. Battery tech is still shit, support infrastructure is shit and power generation still mostly fossil since liberals are retards afraid of nukes.

>>27275280
Based. Doesn't take it personally. Respect that

>>27276709
that too and zoomers also getting involved too especially with the stimulus checks everything
that combined with infinite money printing to pump up the stocks even further and you have the largest bubble in history
>>27276531
shorting tesla i guess which is what burry is doing and i wouldnt be surprised if hed short things like apple and amazon too

>>27275540
Wait for Bezos’ next divorce

>>27277659
so the counter to ETF is shorting the giant corps?

>>27277570
...you're claiming it's a scam because the system isn't perfect yet? It's a chicken and egg situation most of the time. Batteries would be better if more people utilised them, but they don't because they're too costly, but the price is always coming down, they're going to be in mass use soon.

>>27277757
i dunno, maybe
from the way im thinking rn is that even if the underlying assets in index funds like SPX go down it will fuck up the index funds which are ETFs essentially and those things feed each other so it should crash spectacularly because of all the shit thats going on

>>27277972
are you shorting anything ? could still be years off right ?

>>27277958
Ok chud

>>27276417
Yea because he's a goy
It's illegal for non-jews to succeed at the highest level of finance

>>27278085
nah i just buy leveraged bear certificates which have shit liquidity
but if i were big player id probably be doing that but i wouldnt advertise it

>>27278085
>>27278227
and to your question about time
the time is pretty much now at least imo
this has gone on for long enough

>>27277570
>Battery tech is still shit
600 mile Teslas in 1-2 years

>>27277958
>Batteries would be better if more people used them
This is not remotely true. Mass implementation is also driving up costs for materials. Lithium ion is not the way.

>>27278102
Lmao... absolutely pathetic post

>>27273301
Been following this guy he lost millions of dollars on multiple holdings, and gained millions of dollars on gme even though he sold off most of his gme holdings last year. Of course, you npc's only look at the wins

>>27278362
And true ai in 10, right?

>>27278409
Ofcourse it's true, the more usage a tech gets, the more you iron out the issues and make it more efficient. Every mistake you make is a lesson for improvement.

The material cost, sure you're not wrong, but governments won't care generally about the up front as long as they can proivde a profit down the line, which isn't currently the case

>>27273301
gave his left eye for the well of knowledge

>>27273591
tesla is clearly a huge bubble but god knows when it will pop

>>27273301
you only hear about his successes anon
nigga was short tesla at $200

>>27279920
BEFORE the split

>>27273591
he was in deep red for a year before 2008

>>27281066
did he actually get sued out of his ass for freezing his investors funds?

>>27278362
making this car uses more fossil fuel than life time exploitation of modern diesel engine, not to mention you are charging it with electricity made by fucking fossil fuel

>>27278755
Still doesn't mean the price will come down, especially with the way products have shifted to subscription models. And there won't be profit down the line unless nuclear becomes the go to and the grid is completely rebuilt. It is not doable full scale without these fixes.

It's because he is actually autistic. Follow the autistic money!

>>27276396
do you know how expensive those are...

>>27273424

Tesla is overvalued so it makes sense

>Tfw can't afford pars or Puts

>>27276765
I wipe my ass with it. Then blame my asset managers for not doing their due diligence. I then proceed to insult them and finally fire them.

>>27278755
>the more usage a tech gets, the more you iron out the issues and make it more efficient
We've been using batteries for decades upon decades. There's no guarantee there will be some sudden breakthrough.

>>27281172
who cares, it'll eventually be remedied in 10 years

>>27273424
if you weren't shorting Tesla in 2020, you missed out big time

>>27275555
Why not just buy a put contract have a year expiration date or something?

the autistic side of the force

Also Burry’s largest investment is clean water. I really hope he is a hundred years early on that one. I don’t want to live through a water crises

>>27282759
Not the type we're talking about, on the scale we're talking about.

>>27281418
Yes it does, name one technology which hasn't decreased in price over time with use.

>>27283579
How did he invest in clean water?

>>27273696
Is he still holding?

>>27273301
INSIDE INFO

>>27273424
there's actually a fairly good way to make money with tesla puts (shorting). You buy far dated otm puts when IV is low then every month you find contracts to sell against your long put position (known as a diagonal).
He's not naked shorting.

>>27284661
He bought a few gallons of water at the market

>>27285917
>Michael Burry infuriates local grocery store buying up all their stocks of water every week

>>27283579
That movie meme again, he just did it for testing.

>>27273301
He thinks index funds are a bubble, in any case, they wont pop the same way an ordinary bubble would.

>>27284789
he is but he doesnt like this situation

>>27283596
Any tech via planned obsolescence and inflation of the money supply. I understand what you're saying and it is true, but the end user will still pay.

>>27287215
i thought he clarified and said he supported it and didnt like the shorts

>>27283579
I live in the middle of the largest freshwater supply in the world

>>27287711
He did

>>27273873
Hugely underrated comment

why is this fucker going after Based Elon? I need my Tesla stock to go up forever and ever what a faggot

>>27287215
pretty sure he said he isnt long nor short, so the exited?

Why not just copy his portfolio.

https://fintel.io/i/scion-asset-management-llc

>>27288286
because if he is the short seller that trounces the MUSK after how many shortsellers' lives he took, he will be a god among men

>>27288721
is there any website that tracks his performance over the years? I want to compare his performance to others like buffet and the s&p

>>27288286
How can you hold Tesla? It is 900 billion marketcap and the only fundamentals they have is they send cryptic memeable tweets

>>27285911
first of all, checked. second and most importantly, what the fuck are you talking about?? please exlpain this shit in plain english and start from what the fuck a naked short is, i've been hearing this shit way too long

>>27274471
i think the value in tesla is the brand, the product, and their home energy branch. i'm not about to bet against the most popular brand in the world just because their margins arent good. i'm more concerned with market share as far as they go.
if you want a semi-contrarian short, consider aapl. or don't and just mock me

>>27288988
these days the best fundamentals u can have is having a billionaire playboy tech ceo with a twitter account

>>27288286
Because his cars are fucking awfull, its an opportunity and >>27275280

>>27288721
>https://fintel.io/i/scion-asset-management-llc
wtf he doesn't own any AMD

>>27288988
>fundamentals
holy shit this guy doesnt even know what year it is

>>27277570
>Battery tech is still shit
whoever gets there first is worth a trillion dollars. and tesla put a performance EV on the road before most car guys thought even a daily driver EV was feasible. but regardless of the cars, i do think the energy storage tech is what's important.

>>27289307
his cars aren't awful dumb ass they are cool AF have you ever even been in one? STFU idiot

>>27273696
So $15m at $5 per roughly on the high side.
Roughly $300 today.
60x15 to $900M
God tier trade.

>>27287215
he said he sold

>>27274164
Ride your winners is legit advice. Wish I was better at it

How low are you shorting Tesla to?

>>27275489
My god. I never thought of that.
You are fucking right.

>>27289007
its when you sell the shares without actually owning any basically, you borrow from the broker and sell immediately with the hope the price drops then buy it back and pocket the difference

>>27276035
The small tall.

9 Ounces of Silver, thats all it takes.

>>27274665

Not for poor fags.

This site shows his portfolio, including when he bought and sold. Pretty interesting.
https://cheaperthanguru.com/portfolio/michael-burry?order=value

>>27291732
is it even worth copying some of his portfolio if you're a poorfag?

>>27291732
by the looks of it he added 50% shares in UNIT in Q3 so he is bullish on that but we will have to wait for his Q4 SEC filings to see if anything has changed

>>27292439
you will get rekt with the entry-exit position

>>27292439
no, you need exponential returns to make money, he only needs a few percent

>>27292439
Nah just YOLO call options on PRTY

>>27292496
Where do you go to find this guy's research?

>>27275540
You sure about that bobo?

>>27277369
tesla at least does actual research and products. EV, AV, SpaceX.
how about the big tech that does literally nothing in terms of revenue? why are google/faceberg so inflated when they produce nothing of value?

>>27292829
On the website it says he increased 57% shares in Q3 2020 and it is his 4th largest holding. The website shows all his trades even positions he has closed, see >>27288721 for his current holdings

>>27291732
I can’t see where it says he’s shorting Tesla. Is he actually not shorting Tesla or does it not post shorts?

>>27273301

didn't the movie say he invested in water or something? how did that work out?

>>27293648
His town hates him because he is a water hoarder

>>27293648
>how did that work out?
His entire position evaporated into thin air.

>>27275640
Scared money dont make money kiddo

>>27273424
Options are so fucking expensive and it's basically a meme stock now, if leddit gets any ideas I'll get butfucked right next to this artistic magicman

>>27281552
I know how expensive they will be once it becomes clear bankruptcy is their destiny

>>27294257
lol is that king terry

I won’t risk a short on Tesla. Probably just buy a Put that expires in a year. How low do y’all think it will go down?

>>27294828
Yes, playing his mini drum set, which inspired /g/ to buy him a real drum set, which got him kicked out of his parents house, which eventually made him kill himself.

>>27293529
I think this website is bullshit

>>27276634
they bought a ton of their shorts from bear stearns who ended up going bankrupt which would have made those short positions worthless.

>>27292439
No. Best start day trading

>>27277121
his shorts were against morgan stanley

>>27273301
NGL, I thought he lost it when he said he was long GME.

>>27292439
just gamble shitcoins until you get a real amount of money

>>27287781
Atlantis?

>>27275145
>It's different this time
It never is.

>>27274471
Amazom wasn't profitable for years IIRC

>>27288721
>https://fintel.io/i/scion-asset-management-llc

He owns CVS. Amazing shit. I opened my account for CVS. Everytime I bought and sold I made money out of it. When I get to 100k I'll buy 10k in shares.

>>27295233
are you for real

/g killed him?

>>27298375
Well it was a train that killed him, but /g/ might've caused a hurricane by flapping its wings

>>27298375
No, he means indirectly. If it wasn’t for the drum set, he would’ve stayed at home for a little longer

>>27298375
Yeah lol. After /g/ discovered him, he started getting a lot of attention, positive and negative. They definitely contributed to (probably even directly responsible for) him going completely off the rails. Now he is universally worshiped by /g/ and his ethos is entrenched in /pol/. Reminds me of how the Romans killed Jesus and then became the Catholic church.

>>27289120
>most popular brand in the world
Seriously anon? You think more people trust Tesla than say Toyota or BMW?

>>27297553
How? the gas fees are too high and it's way too hard to get money in and out.

>>27298892
Ave Terry

>>27276765
I'm learning to do it fren

>>27298892
>the Romans killed Jesus
it was the da jews choice to kill him or to kill a criminal, ((they)) killed him

>>27299026
get a better app