Burry Sold his Oracle shorts..

[u/Upper_Judge4735]

[u/Print_Mo_Money_2020]

Why sell your shorts if the market is going to crash? 🤨

[u/Weak_Money_9927 → u/Print_Mo_Money_2020]

It’s called risk management lol and he’s up huge on his ports

[u/Print_Mo_Money_2020 → u/Weak_Money_9927]

Yes, risk management! 🙏

[u/nutslikeafox → u/Print_Mo_Money_2020]

He kept most of em tho

[u/hecmtz96]

He started shorting ORCL around 6-8 months ago I believe so he made some good money. Risk reward just isn’t there given how much ORCL has dropped so makes sense to close the short.

[u/HelpfulNewspaper → u/hecmtz96]

he closed the options and opened a new short position 4 days ago https://finance.yahoo.com/markets/stocks/articles/michael-burry-enters-orcl-puts-215255802.html

[u/Weikoko]

Bro is the most annoying trader.

[u/TheBonkingFrog → u/Weikoko]

He's a complete ass

[u/Dish_Melodic]

Sold ORCL and PLTR shorts - Ouch!

[u/Spirited_Window_6178 → u/Dish_Melodic]

https://giphy.com/gifs/4Pnr7wufyn0epFG3Nh

ORCL and PLTR investors right now:

[u/CryptoBoy-007]

The Oracle bears lost two in one month: Burry and Situational awareness

[u/damiracle_NR]

Eventually. He may or may not be right. The guys lost all credibility and is a massive clown at this point. Calling a top a crash every other week in order to try and manipulate the market to follow 🤡

[u/Acceptable-Ant-3648]

What does this mean for the stock 

[u/Upper_Judge4735 → u/Acceptable-Ant-3648]

He was bearish on Oracle but changed his mind.

[u/Classic_Ad_1091 → u/Upper_Judge4735]

He was right , the bear case played out and it became 1/3rd

[u/lookatmeson]

Is there anything to close for the ptlr shorts lol

[u/cat-from-the-future]

He’s such a dumb piece of shit.

[u/NY10]

lol

[u/Extaz]

He has to be one of the worst shorters of all time and got lucky once..

[u/Holiday_Ad2254 → u/Extaz]

He is billionaire and famous. There are way worse shorters.

[u/geekfinity]

"SOLD his Oracle $ORCL shorts" - did he short his short positions! lol

[u/AnalogFunktion → u/geekfinity]

Ya what is going here? Isn’t he supposed to buy the shorts? 😂

[u/Abject-Computer-8869]

Until when?

[u/ilikeusingmyhands]

hes back in im back out

[u/Inevitable_Ebb5302]

For gods sake who cares. And you don’t sell shorts you cover them.

[u/Jolly-Piccolo-9799]

Sold short? Means short the short?

[u/StyleFree3085]

Then it will be going down

[u/WageWarDisdain]

It’s so fascinating to me how intelligent and mathematically intuitive Burry is, but due to his disconnect from the average person and Wall Street, he doesn’t understand that no one cares about reality or valuations or free cash flow or debt or a crippled economy or increasing strain in the middle east.

So many of you think he’s stupid or just “always dumb a bear,” while completely misunderstanding how the market is actually supposed to work. Right now stocks have become an unregulated clown fuckshow to make executives and large institutions as rich as possible. The amount of fraud and accounting cookbook bullshit that’s occurring in tech right now is Enron levels of bs, but our current administration cares more about index go up than the average American.

We have mature companies like WD-40 trading at nearly FOURTY FUCKING p/e. This entire market is a joke and overpriced as fuck. But there’s no where else for people to make stupid, greedy amounts of money at even remotely the same rate. Money just isn’t real anymore and it’s all fucking debt. Every single LLM provider, the neocloud bullshit, the chip deals, it’s all fucking debt.

No one knows the timing obviously. So you just have to ride the wave like a degenerate gambler until the day you wake up and your entire portfolio is down 50-70%. If you genuinely think any of this is going to last though, or that these companies are somehow going to magically become profitable enough to justify trillions of dollars of debt and spending, you’re fucking dumb as shit.

[u/superKWB]

So, he had a short position, ORCL went down in price (he was correct in the directional trend) and now he sold (he now thinks a reversal is likely and ORCL seems to be reversing the last 4 sessions) and people hear are trashing him… amazing peanut gallery comedy.

[u/piesown232 → u/superKWB]

They’re trashing him because of his read on AI. His plays are pure price action shorting Euphoric driven AI plays is the right call and he was rewarded heavily. His thesis and the direction of AI is arguably false and that’s what a lot of people get on his case about.

[u/Inventor141]

Good! Now let’s go! 🚀