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> Besides his “Big Short,” Burry made a killing from a long GameStop position recently as the Reddit favorite made Wall Street history with its massive short sq
by patorjk 5y ago
> Besides his “Big Short,” Burry made a killing from a long GameStop position recently as the Reddit favorite made Wall Street history with its massive short squeeze.
Except I remember reading that he sold for before the price exploded [1]. So although he made a profit, he missed out on the squeeze because he sold too early.
[1] https://markets.businessinsider.com/news/stocks/big-short-michael-burry-sold-gamestop-stock-q4-missed-rally-2021-2-1030088508 https://markets.businessinsider.com/news/stocks/big-short-mi...
- overhero 5y agohe was not wrong though, just too early
- patorjk 5y agoI'm not saying he's wrong, but the article is misleading. The massive squeeze didn't happen until late January, and Michael had sold his position by the end of December. So although he was right/made a profit, he didn't make a killing from the huge squeeze that made the news.
- sigstoat 5y agoand he was nearly too early in "the big short" as well. and buying puts integrates the timing directly into whether or not you're right. so if he's too early again, he'll be wrong.
- briankelly 5y ago"That's the same thing"
- jbigelow76 5y agoThat was a great little scene in that movie, Lawrence's advisor buddy made the most of his 4 or 5 lines of dialogue. https://www.youtube.com/watch?v=pLLgNi5UmB0 https://www.youtube.com/watch?v=pLLgNi5UmB0 (4 minute clip from the movie, warning, spicy language gets used when rich dudes worry they might end up a little less rich.)