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I would argue Michael Burry actually sparked GME, that and new CEO and some massive short selling. Burry has much more of a following on twitter then the 400 fr
by adriancr 5y ago
I would argue Michael Burry actually sparked GME, that and new CEO and some massive short selling. Burry has much more of a following on twitter then the 400 from Roaring Kitty, and him buying was a trigger for my interest in it.
Now, he usually does proper analysis and did have reasons for stock to run up, it was fun to see his tweets about the mess of trying to track down the shares he bought - https://i.redd.it/utr5k9banpe81.jpg https://i.redd.it/utr5k9banpe81.jpg
https://markets.businessinsider.com/news/stocks/big-short-investor-michael-burry-scion-gamestop-stock-price-frenzy-2021-2-1030050393 https://markets.businessinsider.com/news/stocks/big-short-in...
- openknot 5y agoThanks for the links that report on the story. I was curious to see more of the original Tweets too, but it’s too bad that Michael Burry deleted his Twitter account in April 2021 [0]. [0] https://www.marketwatch.com/amp/story/big-short-trader-michael-burry-quits-twitter-disappointing-his-legion-of-retail-trading-superfans-11617740647 https://www.marketwatch.com/amp/story/big-short-trader-micha...
- jamram82 5y agoThere is archive of his tweets https://twitter.com/burryarchive https://twitter.com/burryarchive
- nr2x 5y agoTwitter is irrelevant though, this was a Reddit op.
- mox1 5y agoSo I was very active on the Wall Street Bets Reddit forum shortly before and during all of this. I would agree that Roaring Kitty wasn't much of a catalyst (prior to the price exploding), but was an early proponent of GME. I do distinctly remember deciding to invest in GME around December 22nd of 2020, based on what I was reading on the Wall Street Bets forum (unfortunately only like 50 shares.) It was a major daily topic on there from mid December (or earlier) on. Michael Burry was rarely mentioned as a holder, he had bought into GME a lot earlier. The conversation mostly centered on short interest, fundamentals and future moves GME would do. So I would argue it was 'the collective' on WSB that was perhaps one of the larger catalysts.