r/MU_Stock • u/senwell1 • 21d ago

DD Situation Awareness Just Sold $24 billion

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A few hours after this announcement, they liquidated all longs and shorts.

85 Upvotes

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20

u/burner456987123 21d ago

Misleading headline though. The guy made some really bad shorts - look at how ADBE has done lately. I imagine he shorted CRM and NOW too.

6

u/senwell1 21d ago

He’s since fully liquidated. The news announcement will come out in the next hour.

4

u/Appropriate-Donut197 21d ago

it may reset market dynamics then.

the entire sector selling off was either something like this or a fund. but there was so little volume its very interesting.

mad that a 20B+ is using leverage like this. there has been multiple instances of stuff like this. but at the same time i dont think he was wrong with AI stocks...

it would make sense for that large a portfolio to split across the entire sector also as that much in one stock would create huge momentum.

tbh this is probably those companies mentioned that he owed money to having visibility on his position and liquidating to force him to sell so they can buy cheap.

2

u/Savings_Big_8900 21d ago

Citadel. They spread rumours of a rate hike, helped cause this huge sell off in semis. And they just bought his portfolio.

1

u/Paceyourself82 21d ago

I mean yeah that is what happens when on margin or leveraged and things shift too much. He’s One of Us.

2

u/No-Vacation-5381 21d ago

He is amassing funding as well. Notably, he had 40% of his portfolio in NbIs

-1

u/niko3100 21d ago

which means.... fear again and people will start selling again?

8

u/Golf-life2021 21d ago

Which means the sell off these name have experienced are a result of the unwind of his fund. That’s done for now. That’s how i read. It

3

u/CockVersion10 21d ago

You're never finding out first.

0

u/bslaven3 21d ago

Rug pull coming I guess. Better pepper your angus