Just a little correction of parlance, he's not short puts, that would mean he sold puts (which is bullish).Burry still short TSLA puts and now short ARKK puts as well:
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Just a little correction of parlance, he's not short puts, that would mean he sold puts (which is bullish).Burry still short TSLA puts and now short ARKK puts as well:
It wasn't for me.Why was the TMC forum down all morning?
I also couldn't reach it from 6am until 1045am PST, and I tried a down detector site that couldn't reach it either.Why was the TMC forum down all morning?
Looks like his bet is more on the treasury yield going up which would drag high flyers like Arkks company down. Not a terrible bet I guess since interest rate will most likely go up from a fed rate if zero...can't go lower than zero unless some catastrophe in the economy.Burry still short TSLA puts and now short ARKK puts as well:
Michael Burry Bets Against Cathie Wood's Ark, Adds To Tesla Puts | ZeroHedge
Specifically, as of June 30, Scion owned Puts contracts against 235,500 shares of the ARK Innovation ETF. As everyone knows by now, the flagship exchange-traded fund of Cathie Wood and her firm Ark Investment Management has emerged as the US SoftBank, investing billions into anything with a "story", and betting for virtually perpetual growth in countless growth and momentum stocks. In the process it has lured billions in the past year after her thematic tech-focused bets trounced the market in 2020, although Wood and Ark have struggled to maintain their momentum this year, amid concerns about lofty valuations and accelerating inflation.
To be sure, Burry was already indirectly betting against Ark's biggest long, Tesla, but now he has taken the fight directly to Cathie Wood. And speaking of TSLA, Burry's massive bearish bet has increase by over 34% and the Puts now cover 1,075,500 TSLA shares, representing a nominal value of $731 million as of June 30 (naturally the actual capital at risk is far lower, although without more details on which specifics TSLA puts Burry has bought it is impossible to defined his full exposure), making the TSLA short his biggest position.
Big oil short attack bear raid.Why was the TMC forum down all morning?
Weird it must have been for a lot of people though, based on the number of posts during the last few hours.It wasn't for me.
Very short-term I wouldn't buy here, there are better short-term plays. That doesn't mean TSLA won't perform well in the short-term, it's a risk/reward thing.Honest question....
I'm intrigued to buy at this drop of $680ish because it's stupid, but it would be my second highest SP entry point if I did. The SP has been plenty lower very recently. Other than rage buys, Why new conviction at higher prices than less than 3 weeks ago?
Maybe to help some of us be more productive at workWhy was the TMC forum down all morning?
It was down in NYC, together with Schwab (tho the Android smartphone app was up) - using a VPN both were up in other parts of the US. At least around 9:50.Why was the TMC forum down all morning?
Same, couldn't connect with PC or phone.I also couldn't reach it from 6am until 1045am PST, and I tried a down detector site that couldn't reach it either.
I think we need a federal investigation.Same, couldn't connect with PC or phone.
It was down for me on Comcast in south Florida all morning. Just came up 1/2 hour ago.Weird it must have been for a lot of people though, based on the number of posts during the last few hours.
CNBC Video - hour ago: Lora Kolodny on Tesla & NHTSA
I couldn't connect from my Mac on any browser (HTTP Error 503), but was fine from my iPhone, I rebooted my Mac and then was OKI also couldn't reach it from 6am until 1045am PST, and I tried a down detector site that couldn't reach it either.
The Wandering RV: More than 90 people die in (car) accidents every day (in USA)From the CNBC article this morning:
'Federal vehicle safety regulators have launched a formal investigation into Tesla’s Autopilot system following a series of fatal crashes that have left at least 17 people injured and 1 dead.'