πππPoking the Bear has become Wall Street's favourite sport. Michael Burry of Big Short Fame is back in action. He is aggressively shorting the semiconductor stocks including
$Micron Technology(MU)$ .
Meanwhile Micron has achieved 7 consecutive EPS beats, logged in an 84.6% GAAP gross margin & its near term supply of HBMs has been sold out till 2027.
For the moment, Burry's short portfolio is bleeding heavily into a loss position as the momentum train completely ignores him.
Do You Trim the Warehouse or Ride The Weekend?
If you are holding highly leveraged single stock positions or trading on heavy margins at these highs, it is best to reduce the warehouse. Capex is hitting record highs. Selling a sliver of your winners to lock in profits is wise.
If you are anchored inside index funds like $Vanguard S&P 500 ETF(VOO)$ , you can sit back & relax because the market always goes up in the long run.
@Tiger_comments @TigerStars @Tiger_SG
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