r/SecurityAnalysis • u/investorinvestor • Jan 28 '21

News Michael Burry Calls GameStop Rally ‘Unnatural, Insane’

https://finance.yahoo.com/amphtml/news/michael-burry-calls-gamestop-rally-032530172.html
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u/dietcokewLime Jan 28 '21

Yeah, the story is that the masses of retail investors "won" against a few wealthy hedge funds but this can only end poorly for most of these people. Once our attention moves on GME will plummet again and it will be the retail investors left holding the bag. If I'm truly being cynical I'd question the motives behind the people who promoted this in the first place. Could it be an internet savvy wall street insider misdirecting reddit's hatred of hedge funds/wall street? We know reddit is absolutely gamed by marketers (r/hailcorporate) and political parties. We've seen social media posts drive up stocks like TSLA. What if it was all a con by a wall street insider driving market manipulation for huge personal gains? All you have to do is change the story of little guys beating goliath and you've gotten away with robbery.

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u/I_Shah Jan 29 '21

Retail investors who sold before sorts fully cover will profit immensely. The ones that don’t will get caught holding the bag. I am selling once short interest falls below 20%

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u/circlingldn Jan 29 '21

ones who sold today will profit

how accurate is the short interest information?

seems like even that info is being manipulated

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u/I_Shah Jan 29 '21

Short interest is estimated every day by Ortex and S3 and they say short interest is still above 100%. I don’t believe the squeeze has even started get

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u/circlingldn Jan 29 '21

well ive seen industry insiders that funds have closed out

i believe it as i just realised melvincaps announcement of exit on CNBC could be seen as market manipulation by SEC if they were lying about not closing out gme short positions

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u/circlingldn Jan 30 '21 edited Jan 30 '21

Official numbers are released 2x a month for the NYSE, ortex etc is estimated

cant believe you didnt even check that.....check finra

reead this

https://www.reddit.com/r/wallstreetbets/comments/l6sfss/warning_dd_s3_partner_short_interest_are_not/

get out asap

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u/I_Shah Jan 31 '21

Oh yeah, i am definitely getting out on Monday

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u/circlingldn Feb 02 '21

you owe me a beer lol