@JohnDoeKnowsGuy Do you disagree with the rationale to do so? Or do you disagree with his decision to buy in the first place because be truly believed that Ryan could actually be competent allocator? I feel as if he was mainly enamored by Cohen because he personally knew him but got duped
@pequityresearch What I actually got out of that article in which he mentions the deal making “perfect sense” was more so a cheeky “of course he did” sardonic quip, as it makes perfect sense as in the kind of move a naive acquirer reaches for, glossing over what the deal would actually entail
@firstadopter Burry sold? Came to the same conclusion on selling, the acquisition economics are just god awful. Ryan’s done, I suppose, seemingly okayish work at GameStop, but this bid suggests that he’s less privy to these known failure modes than one would hope. Sad really
@michaeljburry@michaeljburry, He’s not calling a top like many think but instead, as a student of the market, calling for the exact opposite. The rally is likely to continue support, or at the very least not reverse in a relatively shorter time frame. Markets will tend to sustain momentum
@theBuoyantMan@DIAmondntheQQQs@lord_fed Any inclination on the size of his book? I’ve come to the same conclusion and agree that his derivatives are inconsequential if they zero out. Based on his disclosed OI on $PLTR and $NVDA alone, premiums are $20MM+. So that’s at minimum mid-to-high hundred millions if the case?