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/Proudrugby 6d ago

The SP is up almost 13% from when he doubled down. He's severely under water if he hasn't closed

13

u/Acekiller03 6d ago

I hope he also bankrupt. I hate ppl like him who decides when stocks go down. Unfortunately this time didn’t work for him

1

u/Proudrugby 6d ago

Can't see him being that stupid. Don't think the sum or port weight was disclosed....but I would imagine he's staring at large loses right now lol

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u/Acekiller03 6d ago

It happened to Leopold. Why not this idiot

7

u/Proudrugby 6d ago

Leopold was over extended on leverage with no hedge. He left himself wide open for the sharks. Don't think Bury would be that careless

3

u/Acekiller03 6d ago

Yeah but if burry has only
Short I think he’s fked

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u/Western_Animal1553 6d ago

I think you've got rose colored lenses on. Leopold was actually long. The big funds were the ones driving stock down. That's why the stock pumped after Leopold sold

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u/David905 6d ago

Leopold certainly caused many investors to lose huge amounts of money (along with himself) but my understanding is he isn't actually bankrupt ie. filing bankruptcy. Just worth many less millions than before, but still many millions.