Burry’s New Short Bets: Sources Name Different Stocks
Finbold and Watcher.Guru agree on Michael Burry’s two long positions but report conflicting sets of stocks for his new short bets.
Finbold and Watcher.Guru agree on Michael Burry’s two long positions but report conflicting sets of stocks for his new short bets.
What all sources agree on
- Burry purchased Zoetis Inc (NYSE: ZTS) stock at $73.60 per share.
- Burry accumulated MercadoLibre Inc (NASDAQ: MELI) at $1,850 per share.
- ZTS suffered a 30% crash in May.
- MELI dropped roughly 5.6% from around $1,936 before Burry’s purchase.
- Burry holds a bearish thesis on the AI sector and has expressed concerns about AI-related spending and instability.
- Burry made critical comments about Palantir (PLTR) and Nvidia (NVDA).
Where the reports disagree
1Which stocks constitute Burry’s new short bets from this trading week
Specifically, the ‘Big Short’ trader added to multiple of his downward wagers, including Nebius (NASDAQ: NBIS) – a stock that soared more than 34% on Wednesday – Micron (NASDAQ: MU), Oracle (NYSE: ORCL), and the iShares Semiconductor ETF (NASDAQ: SOXX).
On the other hand, Michael Burry has taken short positions on two stocks namely Nvidia (NASDAQ: NVDA) and Palantir (NASDAQ: PLTR).
What would settle it: Michael Burry’s Scion Asset Management 13F filing or public disclosure covering this trading period
2Whether NVDA and PLTR are new positions this week or separate prior commentary
Earlier this week, Michael Burry made a shocking assessment of Palantir (NASDAQ: PLTR), claiming that the equity dilution via $5 billion in stock compensation, as well as locked-in infrastructure agreements, means investors are severely underestimating the risks and that PLTR’s fair value stands under $1.
The Big Short investor Michael Burry had a busy week in the market as he took entry positions in four different stocks. These were divided carefully, with two of them deemed for the long term and the other two were shorts.
What would settle it: Michael Burry’s Scion Asset Management 13F filing or public disclosure covering this trading period
What to make of it
Treat Burry’s long positions in ZTS at $73.60 and MELI at $1,850 as established by both outlets; the specific identity of his new short positions is contested and should not be treated as settled until a 13F filing or other primary disclosure confirms which stocks were shorted this week.
Treat Burry’s long positions in ZTS at $73.60 and MELI at $1,850 as established by both outlets; the specific identity of his new short positions is contested and should not be treated as settled until a 13F filing or other primary disclosure confirms which stocks were shorted this week.
Original source: AltcoinGordon
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