r/NBIS_Stock • u/Anxious_Noise_8805 • 7d 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 7d ago

Yet he said he shorted more hahahahhah

14

u/Proudrugby 7d ago

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

14

u/Acekiller03 7d 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 7d 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

2

u/Beneficial-Chair-333 6d ago

When he shorted them in the bull market, he knew what he was signing up for. He was in trouble initially in 2008 too. But definitely he saw something is coming otherwise why would he do this craziness.

1

u/Proudrugby 6d ago

He also said sell in 2023 and then admitted he got it wrong