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Michael Burry Calls GameStop Rally ‘Unnatural, Insane’

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  • His bullish bet in 2019 helped draw in retail investors
  • Burry now says he’s ‘neither long nor short’ the stock
GameStop Soars 400% in Reddit-Fueled Stock Rally

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.”