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I am looking for a way to get exposure to shorting GME, without having to actually do the shorting myself, is this possible at all, are there any funds currently shorting GME that I could hold? I know a few value investors have said they are shorting GME (Mohnish Pabrai, Michael burry etc.)
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13-01-2022, 10:09 AM
(This post was last modified: 13-01-2022, 10:10 AM by Wildreamz.)
(12-01-2022, 10:50 PM)alchemist Wrote: I am looking for a way to get exposure to shorting GME, without having to actually do the shorting myself, is this possible at all, are there any funds currently shorting GME that I could hold? I know a few value investors have said they are shorting GME (Mohnish Pabrai, Michael burry etc.)
Pabrai and Burry have been opening bearish on GME. But neither had actively shorted it as far as I'm aware. Michael Burry was Long GME at one point, actually.
If you'd like some short exposure, why not just buy a small position in GME LEAP puts?
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
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14-01-2022, 04:55 PM
(This post was last modified: 14-01-2022, 04:56 PM by weijian.)
A few well known shortists I know - John Hempton, Jim Chanos and of course Carson Block.
I don't read much into how their hedge funds are setup but I do remember John Hempton is long/short and Jim Chanos/Carson Block are predominantly short.
But the commonality I observe is that ALL of them have a diversified portfolio of shorts to control risk of blow up (one can lose >100% of capital in an unfavorable short position, unlike a long position where the maximum potential loss is 100%, and both are without leverage). They also don't advertise their shorts now for obvious reasons.
So in a way, It is not easy to benefit purely from a GME short (where someone does it on your behalf) if it moves favorably in your direction.