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Looking back at (u/deepfuckingvalue) Keith Gill's comments on r/wsb, it looks like they had a solid theory to cash out by Jan 2021 for $8+ a share (most of thei

Looking back at (u/deepfuckingvalue) Keith Gill's comments on r/wsb, it looks like they had a solid theory to cash out by Jan 2021 for $8+ a share (most of their calls starting June 2019 were 80 cents a share or less [0]). This was by no means a strategy to make money by squeezing the short, though one user, conspicuously named u/burrym, speculated that it ought to be [1]. [0] https://archive.is/Y953e https://archive.is/Y953e, https://archive.is/w98tn https://archive.is/w98tn [1] https://archive.is/Pnuxg https://archive.is/Pnuxg

tinyhouse 6y ago
This is gold.
treelovinhippie 6y ago
He started June 2019: https://www.reddit.com/r/wallstreetbets/comments/e3kpbc/gme_yolo_monthend_update_nov_2019/f94bgh5/ https://www.reddit.com/r/wallstreetbets/comments/e3kpbc/gme_... And called it for Jan 2021: https://www.reddit.com/r/wallstreetbets/comments/e8wqvs/gme_earnings_thread/fafnxyj/ https://www.reddit.com/r/wallstreetbets/comments/e8wqvs/gme_... And his Youtube channel: https://www.youtube.com/channel/UC0patpmwYbhcEUap0bTX3JQ https://www.youtube.com/channel/UC0patpmwYbhcEUap0bTX3JQ
cauthon 6y ago
For those out of the loop like I was, Michael Burry is the guy from the Big Short, who also owned 3 million shares of GME before the squeeze began. [1] [1] https://www.businessinsider.com/gamestop-michael-burry-big-short-stock-next-gen-discs-2019-8 https://www.businessinsider.com/gamestop-michael-burry-big-s...
- contravariant 6y ago
  Oh and here I though it was short for Burry 'm. That's some weird coincidence.
optimalsolver 6y ago
What broker is he using?
- ignoramous 6y ago
  E Trade. https://archive.is/G2crI#selection-6646.0-6646.1 https://archive.is/G2crI#selection-6646.0-6646.1
  - optimalsolver 6y ago
    Thanks!
breck 6y ago
Wow, some of DFV's comments are great. No wonder he eventually attracted a lot of believers. I love this: "Well as a longer-term investor I have the benefit of heavily discounting daily moves. I care much more about the longer-term charts, and these have been fairly constructive for months now. Even today, after the typical quarterly sell-off, the longer-term chart still looks decent so there’s been nothing to panic over. Let’s see what the price does over the next few weeks. Of course charts are only a minor part of the equation in my opinion. The fundamentals are much more important in a situation like this."
breck 6y ago
It looks like by the time mburry was posting here, he had already publically announced a 3M share long position in GME (https://www.businesswire.com/news/home/20190819005633/en/Scion-Asset-Management-Urges-GameStop-Buy-238 https://www.businesswire.com/news/home/20190819005633/en/Sci...)
- ignoramous 6y ago
  Has it been confirmed that u/burrym is indeed Michael Burry of Scion Asset Management?
ip26 6y ago
It's intriguing that he, while not quite an "insider", is from an investment & finance background. More of an Arminius figure than some random Joe off the street. Casts a slightly different light on the whole narrative about the uprising of retail investors.

tinyhouse 6y ago

This is gold.

treelovinhippie 6y ago

He started June 2019: https://www.reddit.com/r/wallstreetbets/comments/e3kpbc/gme_yolo_monthend_update_nov_2019/f94bgh5/ https://www.reddit.com/r/wallstreetbets/comments/e3kpbc/gme_... And called it for Jan 2021: https://www.reddit.com/r/wallstreetbets/comments/e8wqvs/gme_earnings_thread/fafnxyj/ https://www.reddit.com/r/wallstreetbets/comments/e8wqvs/gme_... And his Youtube channel: https://www.youtube.com/channel/UC0patpmwYbhcEUap0bTX3JQ https://www.youtube.com/channel/UC0patpmwYbhcEUap0bTX3JQ

cauthon 6y ago

For those out of the loop like I was, Michael Burry is the guy from the Big Short, who also owned 3 million shares of GME before the squeeze began. [1] [1] https://www.businessinsider.com/gamestop-michael-burry-big-short-stock-next-gen-discs-2019-8 https://www.businessinsider.com/gamestop-michael-burry-big-s...

contravariant 6y ago
Oh and here I though it was short for Burry 'm. That's some weird coincidence.

optimalsolver 6y ago

What broker is he using?

ignoramous 6y ago
E Trade. https://archive.is/G2crI#selection-6646.0-6646.1 https://archive.is/G2crI#selection-6646.0-6646.1
- optimalsolver 6y ago
  Thanks!

breck 6y ago

Wow, some of DFV's comments are great. No wonder he eventually attracted a lot of believers. I love this: "Well as a longer-term investor I have the benefit of heavily discounting daily moves. I care much more about the longer-term charts, and these have been fairly constructive for months now. Even today, after the typical quarterly sell-off, the longer-term chart still looks decent so there’s been nothing to panic over. Let’s see what the price does over the next few weeks. Of course charts are only a minor part of the equation in my opinion. The fundamentals are much more important in a situation like this."

breck 6y ago

It looks like by the time mburry was posting here, he had already publically announced a 3M share long position in GME (https://www.businesswire.com/news/home/20190819005633/en/Scion-Asset-Management-Urges-GameStop-Buy-238 https://www.businesswire.com/news/home/20190819005633/en/Sci...)

ignoramous 6y ago
Has it been confirmed that u/burrym is indeed Michael Burry of Scion Asset Management?

ip26 6y ago

It's intriguing that he, while not quite an "insider", is from an investment & finance background. More of an Arminius figure than some random Joe off the street. Casts a slightly different light on the whole narrative about the uprising of retail investors.