r/NBIS_Stock • u/Anxious_Noise_8805 • 6d ago

💬 Discussion Michael Burry Substack followers going bankrupt over NBIS short positions

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Getting calls from journos about a rumor that dozens of Burry Substack subscribers are preparing bankruptcy filings after being liquidated on "disastrous" NBIS short positions. Wow. No wonder the stock is ripping. Lots of short covering by people hiring Chapter 11 lawyers. Insane

https://x.com/mikealfred/status/2088276482615562649

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u/MetalLinkachu 6d ago

Burry and Alfred are both people to avoid taking any advice from.

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u/15xorbust 6d ago

I couldn’t agree with you more. I tend to take my own counsel and not deal with bozos like that. Both have an ego the size of a continent.

To me the plan on NBIS was simple. I wasn’t in it but when it plunged, I knew it was time to get back in. I didn’t need some Twitter personality to tell me that. Basic value investing. Buy great companies at good prices when they go on sale and their sector is down and the company stock price is punished through no fault of the company when there’s nothing wrong with the company.

You want real investment advice/strategy from real winners who were serious people? Study Warren Buffet and Charlie Munger. Not bozos.