Michael Burry reportedly says Reddit-favored meme stocks will crash as new money dries up

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'Big Short' investor Michael Burry believes Reddit-favored meme stocks are set to crash, Barron's reported.

Michael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City.

The trading mania revived last month as Reddit traders continued to pile into their favorite meme stocks including GameStop,While the frenzy has cooled as of late, these stocks are still up an unimaginable amount. GameStop has surged more than 1,000% in 2021, while AMC is up over 2,500% this year.

 

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Burry sold GME under $20 while it rallied as high as $483.00, it does look like the grapes are kinda sour right now.

Always worth listening to Burry whether you like the message or not. See what happens.

How are his $Tsla puts doing?

BTW, how is that Tesla short going for you Mr. Burry? LMAO!

How's shorting TSLA doing there Big Guy ? All I gotta say .

Obviously we know these names will crash. They were failing businesses even before 2020.

So, what does Burry list as meme stocks aside from $GME and $AMC?

I trust his word.

But CNBC says he said it, so he didn’t haha

Actually - This Means AMC and GME are going to the moon. He loves to talk indirectly. Thanks, Dr. Micahel - AMC To The Moon :) AMCSqueeze AMC500k

What does he know?

And your cute little propaganda wheel keeps on turning.

Mike Novagratz: Crypto continues to be the best performing Asset Class bitcoin btc

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 /  🏆 12. in CO

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