This past week short sellers put out a report on an investment that was followed by a lot of the fintwit community, the company, Burford Capital or commonly noted as $BUR in posts. The stock went down 50% in one day and lots of the people I follow put out posts discussing their losses and how much of big miss it was for them. I don’t remember the last time this sort to snafu happened, maybe it was Valeant, where so many in the community got caught up in one name. It’s unfortunate because everyone I follow is so smart, but it happens.
I don’t really know anything about BUR, but I think it will be important for me to try and learn from what happened here.