Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla

Re:Michael Burry of ‘The Big Short’ reveals a $530M bet agai... by PartiallyTyped on Monday May 17, 2021 @02:45PM (#27186712)

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.

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Re:Michael Burry of ‘The Big Short’ reveals a $530M bet agai... by gruez on Monday May 17, 2021 @02:49PM (#27186749)

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Re:Michael Burry of ‘The Big Short’ reveals a $530M bet agai... by superduperycomb on Monday May 17, 2021 @02:54PM (#27186839)

Isn’t that in line with the GME community. They also bet against the short sellers

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Re:Michael Burry of ‘The Big Short’ reveals a $530M bet agai... by ericd on Monday May 17, 2021 @02:53PM (#27186821)

Not sure how it's ironic, since the GME community hates the shorts, and he's betting against the shorts?

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Re:Michael Burry of ‘The Big Short’ reveals a $530M bet agai... by gruez on Monday May 17, 2021 @02:58PM (#27186909)

Yeah sorry, I missed the "against" part so I thought he was shorting GME.

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Re:Michael Burry of ‘The Big Short’ reveals a $530M bet agai... by jypepin on Monday May 17, 2021 @02:53PM (#27186826)

the GME community was long GME, against the shortsellers. So if he did bet against the shortsellers, no it's no ironic.

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Re:Michael Burry of ‘The Big Short’ reveals a $530M bet agai... by ska on Monday May 17, 2021 @02:54PM (#27186843)

How is that ironic?

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