‘Big Short’ Michael Burry Shorts the AI Trade
Was Wednesday’s poor market performance a warning of things to come?
Was Wednesday’s poor market performance a warning of things to come?
These names fell hard post earnings and look to have more downside action in store.
This is nothing more than a trading vehicle, but a double stack of Wall Street Bets and 38% short interest makes it appetizing.
Let’s check that Morpheus report and why I want to see another ‘side’ to the story; also, three price targets shift.
Stocks that should be rallying are instead selling off hard.
By my calculus, there is three times or more downside potential than upside presently.
Rotation and short-covering within the AI sector is holding up the market.
A few names lately refuse to participate in the market rally, and that’s good for a bearish play.
It is difficult to hold a long position in a stock that is not keeping up with the market trend.
The most successful traders I know stay focused on individual stocks. There are good reasons for that, and here is an example.