Michael Burry Calls GameStop Rally ‘Unnatural, Insane’By
His bullish bet in 2019 helped draw in retail investors
Burry now says he’s ‘neither long nor short’ the stock
Michael Burry’s bullish stance on GameStop Corp. in 2019 helped lay the foundations for an epic retail-investor frenzy. Now the famed fund manager is warning that the rally has gotten out of hand.
“If I put $GME on your radar, and you did well, I’m genuinely happy for you,” Burry, best known for his prescient bet against mortgage securities before the 2008 financial crisis, said in a tweet on Tuesday. “However, what is going on now – there should be legal and regulatory repercussions. This is unnatural, insane, and dangerous.”