Michael Burry Takes a loss on PACW and FRCB in 13F Q1 update

Scion Asset Management published their 13F for Q1 2023

Michael Burry added 17 holdings, and exited 5 holdings. His strategy for the past Q seemed to focus on the distressed banking sector, and China

New Holdings:

  1. SIG
  2. NYCB
  3. ZM ~ Fellow Cathie Wood
  4. COF
  5. SSW
  6. LILAK
  7. CI
  8. WFC
  9. WAL
  10. CTRA
  11. NOV
  12. DVN
  13. PACW ~$9/share for 250,000 shares
  14. FRC
Why did $NVDA go down so much from its peak of ~$329 in 2021 to ~$112 and then recover to ~$290 today?

$NVDA had a peak of ~$329 in 2021 and dropped 66% to ~$112 last year, presumably in part due to the rising interest rates. However, it's now recovered to almost $290 which is near its peak. What happened in the past 2 years for this massive up and down?

submitted by /u/j__p__
Best way to invest child's money (under 10, Canada)

Looking for ideas to invest my child's money. Under 10, in Canada. More then likely open up an resp investing account and dump into afew index funds.

Or should I just open a TFSA and purchase the index funds from that?

submitted by /u/lllosirislll
When to take profit?

As title. I hold a number of tech stocks and many of them have been doing well recently, some are up 20%+ from when I bought. My holdings are fairly modest. Just looking for advice for when to take profit. Do I just keep my money in and keep investing, or close high profit trades and then just buy the next dip? Not sure whether to hold or sell basically.

submitted by /u/sonso
If the market dropped 10%, what one stock would you load up on immediately?

Suppose the market took a sharp 10% drop due to any factors. Could be debt ceiling or maybe a bad economic outlook. Regardless, all stocks take a 10% hit. Which one stock would you buy as much as possible while it was on sale?

submitted by /u/CA_Mini
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Tesla: $140?

Tesla is the biggest EV manufacturer in the world. Stock now at $165. Elon Musk has found a new CEO for Twitter which means Musk can now be more “available” for Tesla. He can devote more time and attention to Tesla. However, I expect the stock to reach $140 soon. How soon? Maybe within 4-6 weeks. Why? This price war that Musk created is going to have a backlash on Tesla stock.

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(5/15) Monday's Pre-Market Stock Movers & News

Good Monday morning traders and investors of the r/stocks sub! Welcome to the new trading week and a fresh start! Here are your pre-market stock movers & news on this Monday, May 15th, 2023-


Dow futures rebound by more than 100 points on debt ceiling deal hope: Live updates


U.S. stock futures rose on Monday fol

Give me a stock and name me its main competitor, i will deliver an in deep DD about the most voted one next week + an Equity Evaluation

I am practising my equity analysis skills, so why don't be competitive in the labour market and do it for free and gain EXP? so here i am.

Rules:

  • Must be listed on NYSE or NASDAQ
  • No Meme-Stocks
  • No Banks, Financial Institutions or fake digital money related

I will try to deliver it within a Week, voting closes tomorrow when i wake up:)

Less Goo

submitted by
PYPL what happened?

All, I haven’t checked PYPL for a while because I am out of town and haven’t had a chance to follow the stock market for a while due to the time difference. What the fuck happened with PYPL? I know there was an earning last week. Did it miss so bad? I thought it would at least stay flat or beat the consensus slightly. What catalyst did it to make this free falling? It really hurts to see my portfolio :(

submitted by
EU approves Microsoft's $69 billion acquisition of Activision Blizzard

https://www.cnbc.com/2023/05/15/microsoft-activision-deal-eu-approves-takeover-of-call-of-duty-maker.html

European Union regulators on Monday approved Microsoft’s proposed $69 billion acquisition of gaming firm Activision Blizzard, subject to remedies offered by the U.S. tech giant.

The European Commission, the EU’s executive arm,


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