Why Did Michael Burry Abruptly Delay His GME Post?

Michael Burry's Delayed GME Post

• 💡 Michael Burry unexpectedly delayed his highly anticipated multi-part GME deep dive, which was meant to cover his 2019 actions and current ideas for the company.
• 📌 This delay is seen as unusual behavior for a professional like Burry, who is known for his calculated approach in the investment world.
• 💬 The speaker joked on X that "Even Bur failed to deliver GME," highlighting the irony of the situation given the stock's history of delivery issues.

Speculation on the Delay's Cause

• 🧠 One primary theory for the delay is a potential link to swap roll activity or influence from a swap counterparty.
• ⚠️ This "tinfoil" speculation suggests someone might have asked Burry to "pump the brakes" to prevent his post from influencing trading algorithms.
• ❓ While it could simply be that Burry needed more time to flesh out his thoughts, the history of GME's suppression cycle makes other theories plausible.

GME Financials vs. Burry's Insights

• 📈 The speaker emphasizes that GameStop's financial performance, including six consecutive profitable quarters, is more crucial for the long-term thesis than Burry's posts.
• 📚 Burry's insights are still valuable for understanding the historical context of 2019, but his current role is seen more as a "Substack salesman" since his fund shuttered.
• 🚀 While Burry's post is anticipated, a deep dive from Keith Gill (Roaring Kitty) would be considered even more impactful.

Market Mechanics and Price Suppression

• 📊 Max Pain at $22 and consistent "fails to deliver" (FTDs) on GME and IWM are discussed as indicators of ongoing price suppression.
• 🔗 Elevated FTDs, particularly the $611 million on IWM on November 21st, are seen as potentially linked to GME, suggesting a mechanism to fail GME through IWM.
• 📉 The speaker observes a consistent downward price action with brief reliefs, similar to patterns seen last year, which he attributes to large swap activities.

Future Outlook and Investment Strategy

• 🔮 The speaker anticipates muted price action for GME in the near term due to expected swap rolls but remains bullish on the company's long-term financial improvements.
• ✅ His personal strategy involves selling covered calls to generate weekly income and acquiring more shares, rather than focusing on Direct Registration System (DRS).
• 🗓️ Key dates for potential swap roles include December 15th, 29th, and January 9th, 22nd/23rd, with a possible strategic release for Burry's post around December 22nd/23rd.