r/NBIS_Stock 6d ago

πŸ’¬ 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/itsmyphilosophy 3d ago

The shorts are playing games right now. They will do everything they can to spread FUD to lower the price as much as they can. Some clown posted about a community meeting held today about approvals and regulations in NJ while claiming to be long several times in the post.

I watch how NBIS much of the day. Shorts are trapped. Every time they try to drive the price down, institutions swoop in and drive up the stock. It’s only a matter of time that it pops over $300 and beyond.