May. 23 at 2:25 PM
$PYPL I know rates have a lot to do with this, if there’s a crash it’ll be because they raise rates or at least that’s been the mechanical narrative for decades. So why would Burry buy this other than the value, we all know it’s work at least
$70 given the fundamentals but we all know fundamentals don’t seem to add up in today’s market. Not breaking 44.5 is not a great thing technically speaking. Low volume and assume it’s gonna get lower as hedge funds take profits and losses in order to participate in anything space just like Burry said it would. Is this more of a 6months accumulation phase as market prepares to tank like 2020-2021 seeing things like
$ZM and other long term beaten down names like
$BB go back up? Berkshire with a record breaking cash level doesn’t phase well either with 40% of the market going to 10 stocks. Crazy times…
