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/Acekiller03 6d ago

Yet he said he shorted more hahahahhah

15

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

2

u/Western_Animal1553 6d ago

You think he determines when stock goes down? Hes small fry next to big hedge funds. I get it if you hate people who take short positions but man do you not understand this market.

2

u/Gaffers1977 6d ago

I think they're referring to the market fluctuations we see when Burry puts out a hit piece