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So...Michael Burry has sold 71% of his stock portfollio!!

 
_Trey_  (OP)

User ID: 80278667
United States
04/26/2021 07:51 AM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!


[link to www.youtube.com (secure)]


At the end, he says, I know when the bottom is near when people start selling off their investments...

Last Edited by _Trey_ on 04/26/2021 07:54 AM
Anonymous Coward
User ID: 78017427
04/26/2021 08:40 AM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
so

what did he keep?

vaccine stocks?

walmart?

private prison stocks?

urban pacification?
 Quoting: Anonymous Coward 80137656


unknown at this time...

probably shorting the housing market again?

or PM's?

land?
 Quoting: _Trey_


dominion software?
Anonymous Coward
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04/26/2021 09:15 AM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
I.N.R.I.

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Romania
04/26/2021 10:17 AM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
he's known for being early. but not for being wrong.
 Quoting: Anonymous Coward 80207906


yup...and he has been sounding the alarm for 3 months now...
 Quoting: _Trey_


as they say the market can remain irrational longer than you can remain solvent.

i think the rug will pull in time for a gloomy late fall and winter. there's tons of volatility and all the signs of everyone getting theirs in one pump and dump after another, and all these over leveraged greedy manipulators are going to get margin called and evaporate overnight. i fully expect citadel like archegos to just up and vanish one day and there will be lots of fortunes made and lots of people going broke all at once.
 Quoting: Anonymous Coward 80207906


Wrong, the plug is planned to be pulled in may, get ready or don't.
INRI
President-Elect D. Moraniac
Clinging to my guns and Bibles

User ID: 75595570
United States
04/26/2021 10:36 AM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
I believe he got a visit from the SEC recently as well.

They don't usually visit the people who go along with their narrative. So if he got a visit it means he is probably on to something!
 Quoting: Don Draper from Nantucket


Yeah he then deleted his tweeter account.
Winter is Coming.
Goneviral

User ID: 77952124
United States
04/26/2021 10:57 AM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
IN south orange county california several banks have closed and you can only take 500 a day out

DEMAND PHYSICAL SILVER NOW

Last Edited by Christ Believer on 04/26/2021 10:57 AM
Acts 2:38 King James Version (KJV)
38 Then Peter said unto them, Repent, and be baptized every one of you in the name of Jesus Christ for the remission of sins, and ye shall receive the gift of the Holy Ghost.
Cornfox

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04/26/2021 10:58 AM
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Re: So...Michael Burry has sold 71% of his stock portfollio!!
In June 2008 I think I recall things starting to get pretty volatile. By September, it was making large drops nearly every day. I only owned an oil trust during the wild talk about $300 barrels of oil. I got out before the peak.

I never considered going back in. I didn't feel I knew enough about investing to participate in instruments as complex as stocks. I've experimented with VIXY last year and made some gains but there were quite a few losses. Fortunately the gain was bigger than the losses. I've since learned that large drops won't always corelate to an increase in VIXY. So perhaps I might consider something like PSQ for shorting the Nasdaq.

Timing a collapse like that is hard. Best I can hope for with something like volatility trading, is being aware of VIX levels above 50 and rising a few percent per day. With this I may lose quite some hefty gains but I know the run is here. Last time it bottomed in only about a week. This time.. who knows. Bit like catching a falling knife.

Leveraged ETFs are scary because sometimes they disappear over night, or are really ETNs so I've learned of risks with ETNs in addition to the other risks.

It is a stressful way to speculate I'll say that.

Last Edited by Cornfox on 04/26/2021 11:07 AM
bigD111

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04/26/2021 01:46 PM

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Re: So...Michael Burry has sold 71% of his stock portfollio!!
In June 2008 I think I recall things starting to get pretty volatile. By September, it was making large drops nearly every day. I only owned an oil trust during the wild talk about $300 barrels of oil. I got out before the peak.

I never considered going back in. I didn't feel I knew enough about investing to participate in instruments as complex as stocks. I've experimented with VIXY last year and made some gains but there were quite a few losses. Fortunately the gain was bigger than the losses. I've since learned that large drops won't always corelate to an increase in VIXY. So perhaps I might consider something like PSQ for shorting the Nasdaq.

Timing a collapse like that is hard. Best I can hope for with something like volatility trading, is being aware of VIX levels above 50 and rising a few percent per day. With this I may lose quite some hefty gains but I know the run is here. Last time it bottomed in only about a week. This time.. who knows. Bit like catching a falling knife.

Leveraged ETFs are scary because sometimes they disappear over night, or are really ETNs so I've learned of risks with ETNs in addition to the other risks.

It is a stressful way to speculate I'll say that.
 Quoting: Cornfox


My banker was playing the oil options market. He was up about 65 grand, when the oil market collapsed and went negative. Cost him 140 grand! A hard lesson to learn.
deplorably republican





GLP