The Long Investor
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$EL
🕑 Added 2025-05-16 11:28:39 +0000 UTCWhy did Burry go all in on $EL and sell everything else bare PUTS on $NVDA and Chinese positions?
We will likely never know unless this is a successful move......but the only position I agree with is that having a strong position in $EL is probably not a bad idea.
I would not be 100% in $EL however and I certainly would not be -50% of my Portfolio short in $NVDA right now.
Price has so far held on the 0.887 Fib at $49 and has now broken out of this downward channel that has been in place since 2022.
There are no changes to this chart, we have been following this for some time now.
If the breakout continues to be successful then we should see a move up to the 50 WMA just slightly below the 0.78 Fib at $86.
We want to see a series of higher highs and higher lows next to confirm a new impulse wave is starting
For now, there is no reason why this does not consolidate sideways like $INTC until margins and growth improve.
Comments
Faisal S
Maybe he was sending a message: $EL as in SELL 😂
Nick E
Having been consolidating with INTL for some time now, I can’t promise that’s a fun place to be 😂
Littleblondi
For all we know he might have closed nvda puts and even sold EL again 🤣 Cap your work is very high quality, why care what burry does, hes just bad to be referenced
