“Massive Quick” investor Michael Burry‘s newest social media submit revealed “Massive Ache,” seemingly ensuing from his bearish positions in NVIDIA Corp. (NASDAQ:NVDA) and Palantir Applied sciences, Inc. (NASDAQ:PLTR).
Massive Quick
Burry has been uncharacteristically outspoken since disclosing portfolio modifications he made within the third quarter.
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His most up-to-date social media submit appears to extend transparency and indicate that he’s nonetheless holding a substantial quantity of put choices on Palantir and Nvidia.
The submit exhibits a nonetheless picture from “The Massive Quick” of Christian Bale, the actor who portrayed Burry, mendacity on the ground surrounded by papers and binders trying exhausted and confused, reflecting intense frustration and burnout.
“Me then, me now. Oh effectively. It labored out. It’s going to work out,” Burry stated in the submit.
Burry seems to be referencing his quick wager on the housing market within the late 2000’s which did find yourself figuring out very effectively for the bearish investor.
Massive Ache
He’s seemingly stressing now over his current massive bearish positions — Burry’s agency Scion Asset Administration bought 5 million places on Palantir and 1 million places on Nvidia within the third quarter.
Burry’s earlier posts have been decidedly cryptic and didn’t reveal whether or not he had already closed his bearish positions or in the event that they remained open.
This newest submit makes it sound like Burry remains to be holding the choices and has not but closed his positions on Palantir and Nvidia – that are prone to be considerably underwater.
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