Greenlight's Einhorn says tech stocks in bubble, hit top in September

BOSTON: 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's prepared for a drop by betting against more names, including second-tier companies and ones that just listed their stock.

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 - including bets against high flyers like Tesla and Amazon - years ago. Now, he says,"there is a consensus that there is a bubble."

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nanofilm IPO a play on growth stocks in tech spaceTHE market is abuzz over a hot tech initial public offering (IPO), raising the question of whether it's a deal worth putting money into. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »