{"id":99056,"date":"2020-10-27T23:16:33","date_gmt":"2020-10-27T20:16:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/david-einhorn-says-tech-stocks-are-in-enormous-bubble\/"},"modified":"2020-10-27T23:16:33","modified_gmt":"2020-10-27T20:16:33","slug":"david-einhorn-says-tech-stocks-are-in-enormous-bubble","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/david-einhorn-says-tech-stocks-are-in-enormous-bubble\/","title":{"rendered":"#David Einhorn says tech stocks are in ‘enormous’ bubble"},"content":{"rendered":"

“#David Einhorn says tech stocks are in ‘enormous’ bubble<\/strong>”
\n<\/p>\n

\n Technology<\/a> stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he\u2019s prepared for a drop by betting against more names, including second-tier companies and ones that just listed their stock.<\/p>\n

Einhorn, who runs Greenlight Capital, wrote in a letter \u201cwe are in the midst of an enormous tech bubble,\u201d but noted \u201cSeptember 2, 2020 was the top and the bubble has already popped.\u201d Reuters saw a copy of the letter.<\/p>\n

Einhorn said he\u2019s \u201cadjusted\u201d his portfolio\u2019s short-book with bets that stock prices will fall by \u201cadding a fresh bubble basket\u201d of mostly second-tier companies and \u201crecent IPOs trading at remarkable valuations.\u201d<\/p>\n

Einhorn, who made a timely call against Lehman Brothers just months before the bank collapsed, said he prematurely identified what he thought was a bubble in 2016. He announced his first bubble basket \u2014 including bets against high flyers like Tesla and Amazon \u2014 years ago. Now, he says, \u201cthere is a consensus that there is a bubble.\u201d<\/p>\n

The signs are clear, Einhorn wrote, citing the race to list companies publicly, high volumes in speculative trading instruments and a \u201cparabolic ascent toward a top.\u201d<\/p>\n

One of the strangest signs may be a recent job app<\/a>lication Einhorn said he had received via e-mail from a from a 13-year old who says he quadrupled his money since February.<\/p>\n

Einhorn did not identify the stocks he\u2019s betting against.<\/p>\n

He does expect some stocks to keep climbing and said he added new names to the portfolio: B2B IT services company Synnex, software company NCR and Austrian sensor maker ams AG.<\/p>\n

During the quarter, Greenlight climbed 5.9 percent compared with an 8.9 percent gain in the broader Standard & Poor\u2019s 500 index.\n <\/p><\/div>\n

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For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#David Einhorn says tech stocks are in ‘enormous’ bubble” Technology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he\u2019s prepared for a drop by betting against more names, including second-tier companies and ones that just listed their stock….<\/p>\n","protected":false},"author":1,"featured_media":99057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/david-einhorn-tech-stocks.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[77293,77411,71070,72388,4965],"class_list":["post-99056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-27-20","tag-david-einhorn","tag-hedge-funds","tag-stock-market","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/99056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=99056"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/99056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/99057"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=99056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=99056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=99056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}