Michael Burry, the chief of California-based Scion Asset Management, manages more than $2 billion in assets with investments concentrated in the consumer goods, services, and technology sectors. These are the new 5 stocks he just added to his Scion asset management company! I hope you enjoy!
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So i read this interesting article where it covered the new five stocks that michael bury from the big short added to his asset management company, and i thought that this would be a pretty interesting topic to cover. When i perform a technical analysis on my youtube channel. I've never done this before i'd love to continue to do it and if you find it useful, please drop a thumbs up. Consider subscribing if you feel like we earned it.

Let's go ahead and jump right to it. The first one is ticker symbol geo. One of the first things that i want to encourage you to do is please make sure that you perform your own analysis and, seeing, if you see value in this in your own way, when it comes down to geo on the technical aspect, not on the fundamental Side, but we can see that on the day chart it's been getting rejected for the past year. It's been making lower highs and lower lows, and there really hasn't been a change of direction.

The sma line has been acting as a consistent resistance level bringing down the lower highs and as well as the lower lows over a long period of time, now taking an additional step back. You could see that, based off of geo's month, chart right. It has pulled back quite a bit from previous highs at 31, but we are still way below the ema line and not indicating any signs of a reversal. So i'm not sure if that's necessarily what he's looking at that it looks like it's oversold on the month.

Chart or on the much larger time frame, but as of right now, when it comes down to the four hour time frame or even the day chart, you can see that it's been consistently selling off for quite some time, and i just again don't find this to Be the most attractive stock based off of its current direction, direction can always change, which is why i set my alert for the break above ten dollars and the break above twelve dollars just in case. We get any indication of a reversal now. I also set my alert for the break below five dollars, just in case this thing returns to previous lows and makes new lows on the day chart: let's go ahead and move on to ticker, symbol, ovv and on the day chart you can't really see much as There's a consistent change of direction, but on the month chart you can see a little bit more of this consistent descending channel, making lower highs and lower lows and if anything, based off of previous resistance levels and how it's been descending, we're a little bit more on The overbought side based off of the macd and rsi and could anticipate a potential pullback coming soon. If it follows through with this consistent descending channel now, of course, patterns tend to repeat themselves, they don't always have to.

So we can easily see a change of direction. So i go back to the day chart and i would love to see something like ovb indicates signs of a reversal, but again until proven, otherwise it wouldn't really make sense for me on the technical aspect, to take a position. Let me know your thoughts in the comments section. This is one that i found rather interesting on the day chart.
It has recently pulled on back based off of previous highs and when i read a little bit more on why scion asset management decided to sell their shares just a couple months ago and then buy back their shares after march, is because of this original pullback from 79, all the way down to 34.. They simply said that they sold their position as it was making higher highs or hit new highs when it comes down to discovery. But as it pulled back, it brought the stock itself back to previous price levels, where they found it to be attractive and see more upside potential. So as of right now, uh d-i-s-c-a as in discovery, is not indicating any signs of a reversal just yet, but based off of previous resistance levels at 79 and from where we're at right now obviously offers a lot of upside.

But again it's still getting rejected by the ema line, still making lower lows lower hides. It looks like it's trying to establish a support level at 26, but no confirmation of a reversal. So i'm going to keep it pretty simple on this one and just set an alert for the break above 30 dollars and again the break above the sma line, which is around 38. So if it actually begins to indicate signs of an uptrend, i can follow up with discovery when the direction is actually in my favor and because there's so much upside potential based off of previous highs, i don't have to rush into it, which i find it to Be very attractive when it comes down to discovery.

The last two stocks i find pretty interesting as they're in the health industry, which kind of makes sense right, especially as we're transitioning from being in a pandemic and trying to transition into back to normal or business. As usual, it makes sense on why companies like cvs or like cardinal health is something that might grow in demand over the next couple of years, especially if this type of uncertainty continues to follow. So, looking at this on the day chart, i don't see a very consistent direction as again. We continue to make higher highs and higher lows, but it's kind of all over the place.

It's not until you look on the month chart where you can actually see well based off of previous size, that it's set up in 2015, the pullback that it experienced in 2020. It established a support, and it looks like it's trying to recover to previous highs. Now again, this is back in 2015, make sure you take that into consideration and we've been making lower highs ever since then, but now that we are again seeing a higher demand of this type of business right when it comes down to health and everything it is When it comes down to the fear of covid, it would make sense on why demand levels might increase over a period of time. So i can see why it is that he sees value and again one of the largest health chains in the united states.

It's been making higher highs ever since the overall pandemic, and it looks like it's working towards the previous highs of 107, a share which, if i'm not mistaken from where we're at right now to previous eyes, offers a little bit over 27 potential uh. When it comes down to if it were to make a full recovery, so what we can do here is we can simply set an alert and if it continues to indicate signs of an uptrend, then again we will be alerted when it comes down to the last Dock ticker symbol cah: you can see that based off of previous price levels, it hit its peak in 2015 very similar setup. It pulled on back very similar to cvs, consolidating and establishing a support right around that 50 range and we're not far from that. As of right now, again another health stock itself, it makes sense on why demand levels might increase over a period of time.
But as of right now on the technical aspect, we're not seeing any indication of higher highs or higher lows. Just yet, but again things can definitely change. I can set my alert for the break above 63 dollars and if we begin to see higher highs and higher lows than based off of where we're at as of right now and if it were to return to previous levels that we experienced in 2015. That would offer a 66 return and based off of levels that we experienced in 2003, which of course was nearly 20 years ago.

That offers nearly a 40 to 50 percent return, which i find to be rather interesting. This is just the really cool thing about the current stock market today is that we have access to what this series of hedge funds are investing in, and i think that it would be pretty interesting for me to continue to make these videos kind of more on The technical aspect, which i feel is a little bit more modern, uh and being able to get their fundamental analysis and then being able to get our technical analysis just to be able to share thoughts with one another. At the end of the day. Make sure that you only put your money in areas that you personally see value in.

I just thought that we can make this interesting video and sharing ideas, especially with one of the most successful asset management companies uh today, right in the past 10 years, i think they've grown a little bit over 320 percent, making them one of the most successful hedge Funds today, so i'm very excited, follow up. I hope that you guys learned something new. If you guys enjoyed this video, please make sure you drop a thumbs up. Consider, subscribing and i'll see you tomorrow during our live training session.

If you'd like to watch me, trade live click. The second link down below and i'll, see you at market open. Until then, like always, let's make sure that we end the year on a green now, take it to team.

By Stock Chat

where the coffee is hot and so is the chat

29 thoughts on “🚨 michael burry just bought these 5 stocks…”
  1. Avataaar/Circle Created with python_avatars Tyler Minix says:

    Are all thesis' based on shaky "technical" analysis? Is there no thesis based in economics or financials?

  2. Avataaar/Circle Created with python_avatars PokeBE says:

    all these companies have one thing in common …. down to earth valuations and ratios!

  3. Avataaar/Circle Created with python_avatars World News says:

    would like to point that you measure return profit from daypoint not point where you set up alert with upgoing trend.
    πŸ™‚

  4. Avataaar/Circle Created with python_avatars Jones Herbert says:

    It’s only in the stock market people sell when things are on sale – Warren Buffett

  5. Avataaar/Circle Created with python_avatars WorthyGainz says:

    Spoiler. ALERT.. The Real Michael Burry is in the big short movie….. he answers the phone when Lawarnce storms in scion capital after he finds out what Burry does

  6. Avataaar/Circle Created with python_avatars milolosiu says:

    You are talking much slower than few months before, what happend? πŸ˜›

  7. Avataaar/Circle Created with python_avatars Marco Aurelio says:

    Quick questions: I've been holding NIO for a few weeks (it's been hard =x) and for the past several days the price has been falling drastically during the first minute of the pre-market. What causes that? I'm sure there's an explanation for a 5% drop in 1 minute at 4AM, I just don't know what it is. Thank you for the great vids!

  8. Avataaar/Circle Created with python_avatars imsuperioroso says:

    DOGEcoin and Nucypher to the MOOn! πŸš€πŸš€πŸš€ Also pinterest, fang, and robinhood stock!

  9. Avataaar/Circle Created with python_avatars Devoy Williams says:

    His pass performance is trash compared to other funds.

  10. Avataaar/Circle Created with python_avatars Rajkumar Chhantyal says:

    Hey Ricky, what about the Clover Health Investment Corp stock??

  11. Avataaar/Circle Created with python_avatars David Perlmutter says:

    Burry is a fundamental trader, not a technical trader.

  12. Avataaar/Circle Created with python_avatars TraderChad says:

    He didn't just buy them, if we know about it it already happened. I just bought SPY 3 months ago and I just disclosed it.. no longer the same trade. What someone did several months ago doesn't f'ng matter unless you are a sheep.

  13. Avataaar/Circle Created with python_avatars Kay says:

    i enjoyed this type of video! very educational
    , more of these would be cool πŸ‘πŸΌ

  14. Avataaar/Circle Created with python_avatars Kevin Garcia says:

    To his credit, Michael Burry made a great call based on fundamentals and recognized the calamity brewing in the housing/mortgage market. I do not believe that he understands the fundamentals that are creating explosive growth and investment opportunities in the innovation space. – Cathie Wood

  15. Avataaar/Circle Created with python_avatars Prashant Agarwal says:

    bro look at performance of burry fund last many yrs … its pathetic!

  16. Avataaar/Circle Created with python_avatars Jessica E. Rivas Oneluv says:

    Definitely something new,. New perspective,.. it's sort of teamwork but differently. Very helpful. Love itπŸ™πŸ™πŸ‘πŸ‘

  17. Avataaar/Circle Created with python_avatars Long Beach says:

    Keep doing videos on where the smart money's going

  18. Avataaar/Circle Created with python_avatars CERO PAVOS says:

    I hope 1 day make a video with the Title: Ricky Gutierrez just bought these 5 stocks

  19. Avataaar/Circle Created with python_avatars Luckie O’Leary says:

    Almost to 1 MIL RICKY! Thoughts on Michael shorting ARKK?

  20. Avataaar/Circle Created with python_avatars Bob Wu says:

    Despite berry bet correctly on house market during 2007 (which won’t lead to financial crisis if Lem Bro wasn’t killed by rumors), his past performance is really not so good.

  21. Avataaar/Circle Created with python_avatars Jorunn Berban says:

    Oh GEO I bought it when it was $5:60 to earn dividend, but then I was like I better walk before I run and sold it at $7. Meaning I better make more $money instead of letting sit all of my small $money in it. The reason why it was pulling back was: Biden canceled the private prisons fund. Threatening to shut them down. On this video DISCA attracted to me if they buy it back, the incident like AMC! Personally I don't mess with Health Sectors. Let us know if DISCA rally. I smashed it!

  22. Avataaar/Circle Created with python_avatars Steve Cohen says:

    Hi Ricky, wondering if you could tell me the software you’re using for chart analysis?

  23. Avataaar/Circle Created with python_avatars Said Marcos says:

    I wonder when you say he bought. Did he short this stocks? And when did he buy them?

  24. Avataaar/Circle Created with python_avatars KEEP CALM says:

    It's 7 am here. I believe it's 9 pm in Arizona.

  25. Avataaar/Circle Created with python_avatars SweatyPalms says:

    I’m a simple man, I see a late Ricky video I watch it.

  26. Avataaar/Circle Created with python_avatars Massih Taufiq says:

    Are you invested in WISH stock and TTCF?

  27. Avataaar/Circle Created with python_avatars Josh says:

    Where can I go to find out the best stocks for $10000

  28. Avataaar/Circle Created with python_avatars Kevin San Mateo says:

    by the time u hear about it on wallstreet its. already. too. late. CRINGE

  29. Avataaar/Circle Created with python_avatars Ricky Gutierrez says:

    Let me know if you like this style of video, I would love to make more videos on what stocks top hedge funds are buying!

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