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Also related, since we are talking about Michael Burry (alias Cassandra on twitter), besides the subprime mortgage shorting in 08, another interesting bet he ma
by PartiallyTyped 5y ago
Also related, since we are talking about Michael Burry (alias Cassandra on twitter), besides the subprime mortgage shorting in 08, another interesting bet he made was with GME (gamestop) against the shortsellers.
To clarify, Burry was long on GME, I think his bet was done in January, and ended it late december, so very likely more than 5x returns.
- gruez 5y ago[deleted]
- ericd 5y agoNot sure how it's ironic, since the GME community hates the shorts, and he's betting against the shorts?
- gruez 5y agoYeah sorry, I missed the "against" part so I thought he was shorting GME.
- jypepin 5y agothe GME community was long GME, against the shortsellers. So if he did bet against the shortsellers, no it's no ironic.
- superduperycomb 5y agoIsn’t that in line with the GME community. They also bet against the short sellers
- ska 5y agoHow is that ironic?