Michael Burry
· Cassandra Unchained
· August 12, 2026 at 19:58
| Read on Substack ↗
Summary
Michael Burry added to his Mercado Libre long at $1850, signaling continued conviction in MELI at that price. Because the note gives no thesis or macro context, the market implication is limited to the disclosed transaction itself: the author was willing to increase exposure at this level.
•Michael Burry added to his Mercado Libre (MELI) long position at $1850 on August 12, 2026.
•The newsletter provides no additional commentary, macro view, or price target in the available text.
•The phrase 'added to' indicates MELI was already held before this transaction, making this an increase in an existing position.
Length109 chars
Categoryfinance
Ideas
Michael BurryFounder, Scion Asset Management; subject of The Big Short
Michael Burry increased an existing long position in Mercado Libre at $1850. The available text provides no additional reasoning beyond the disclosed add.
This newsletter, published August 12, 2026,
features Michael Burry
discussing MELI.
1 trade idea extracted by AI with direction and confidence scoring.