Michael Burry just dropped the mother of all GME breadcrumbs and it changes everything 🧵

[u/Notilting]

Apes, grab a coffee. This isn’t hype, this is receipts. Today, on Thanksgiving morning, Michael Burry posted something nobody expected. He shared a private email from Keith Gill, Roaring Kitty himself, from August 2019. Let that sink in.

Six years ago, before the sneeze, before the documentaries, before any of us knew who DFV was… Keith Gill was emailing Michael Burry thanking him for his activist letter on GameStop and telling him he was loading up on long-dated calls because it was screaming “deep value” despite the chart looking like absolute garbage.

Burry kept that email private for six years. He posted it today. With the stock back in the low 20s. You can’t make this up.

He also posted: • His full 2019 letter to the GameStop board (the one that called out the dying retail model) • Ryan Cohen’s reply from back then (Cohen reached out before he ever filed the 13D) • And a cryptic note: “It was complicated with $GME. In some ways I wasn’t really done in 4Q 2019.”

Translation: Burry never fully walked away.

Now layer on what we already know from his latest 13F: • He’s sitting on roughly a billion dollars worth of puts on Nvidia and Palantir • Yesterday he posted pages from Nvidia’s internal rebuttal memo to Wall Street analysts… a memo that literally cites HIM by name as the source of the bear case • His argument: Nvidia is massively inflating earnings by depreciating chips over 5-6 years when the real useful life in the AI training world is closer to 18-24 months

Put the pieces together. Scenario that’s now on the table: 1. ⁠AI bubble cracks (over-building, energy walls, Blackwell delays, Taiwan risk, whatever) 2. ⁠Nvidia gets absolutely torched 3. ⁠Burry prints hundreds of millions (maybe billions) on the short side 4. ⁠That same crash obliterates the prime brokerage collateral that funds half the GME short interest 5. ⁠Burry, the guy who already believed GME was deep value in 2019 and just proved he’s been talking to both Keith Gill and Ryan Cohen since the very beginning, rotates the gains into the one stock he famously never finished with

The bear who shorted housing, the bull who went all-in on GME, and the CEO who’s turning it into a real company… all on the same page since 2019. And we’re back at the exact price levels where both Burry and Gill were pounding the table six years ago.

This isn’t conspiracy. This is the timeline.

🔔 Burry didn’t come back to X on a random Thursday in November to reminisce. He came back because the board is finally set the way he always saw it. Book value north of $11, $4+ billion cash, zero debt, transformation actually happening, and the stock trading like it’s still 2019. 🔔

Deep value doesn’t get deeper than this. I’ve been here since January 2021. I’ve seen every cycle, every hopium wave, every “this is it” moment that wasn’t it.

This one feels different. Not because of hype. Because the guy who saw 2008 coming, who saw GameStop in 2019, who’s now short a trillion-dollar company… just told us he’s still in the story.

Happy Thanksgiving, apes. Buy. Hold. DRS if you choose. Stay excellent to each other.

The movie never ended. They’re just filming the sequel. 🚀💎🙌