A Crash Is Coming for Meme Stocks, ‘Big Short’ Investor Michael Burry Says

Barrons2021-07-01

Long before retail investors on Reddit flooded online forums theorizing about GameStop, investor Michael Burry spotted an out-of-favor stock that was misunderstood. Now, Burry says he sees shades of ...

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精彩评论

Liviachia
2021-07-09
Liviachia
Haha.. then wait for it to crush. Just hold !
RYong
2021-07-02
RYong
So many stocks are considered meme stocks, including Apple. [得意] . If an analyst can just say in general meme stocks, I should just be one also, waiting for 1 to crash. 😂
6c65da76
2021-07-01
6c65da76
Yup says the one who shorts tesla and failed. HAHAHA
am_newbie
2021-07-01
am_newbie
Yeah, we need some gods to tell people when the stock will crash and make apes more united!!!
vvst
2021-07-01
vvst
thats when new highs will come
AKKok
2021-07-01
AKKok
Cautions

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Now, Burry says he sees shades of 1999 and 2007—periods of other market frothiness.\n“I don’t know when meme stocks such as this will crash, but we probably do not have to wait too long, as I believe the retail crowd is fully invested in this theme, and Wall Street has jumped on the coattails,” Burry toldBarron’svia email. “We’re running out of new money available to jump on the bandwagon.”\nBurry, whose successful bet against the housing market ahead of the subprime mortgage collapse made him a prominent character in the book and movie “The Big Short,” believes that meme stocks are the latest Wall Street trend that could wind up hurting regular investors. He said that in 1999, everyone making money in dot-com stocks believed it would continue. 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Burry couldn’t have foreseen the pandemic and related console shortages, but his thesis was certainly playing out, as shares began to rebound in the second half of 2020.\n“For me though, if I get within years on a thesis coming true, I’m happy,” he says. “Most people are focused on days, weeks or months.”\nIn 2020, after Chewy co-founder Ryan Cohen revealed a 9% stake in the company and called for major changes, shares rallied back to double-digit territory. Burry sold what was left of his GameStop stake at a profit at some point during the fourth quarter of last year, according to regulatory filings.\nAsked about companies like GameStop and AMC Entertainment Holdings(AMC) that have sold millions of shares into surging stock prices, Burry points out that is wasn’t that long ago that GameStop was buying back millions of dollars in stock at his suggestion.\nHe thinks companies should be selling stock—as long as they follow the laws.\n“This is a Godsend for these companies,” Burry added. “But just having cash on hand itself does not warrant high multiples from the market, as many, many listed companies can tell you.”","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":143143609,"gmtCreate":1625784887301,"gmtModify":1631883987475,"author":{"id":"3581976453750818","authorId":"3581976453750818","name":"Liviachia","avatar":"https://static.tigerbbs.com/2834cb0b50603c4f54385813c6ec634b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581976453750818","idStr":"3581976453750818"},"htmlText":"Haha.. then wait for it to crush. Just hold !&nbsp;","listText":"Haha.. then wait for it to crush. Just hold !&nbsp;","text":"Haha.. then wait for it to crush. Just hold !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143143609","repostId":1135430392,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":156741372,"gmtCreate":1625238383796,"gmtModify":1631883984730,"author":{"id":"3581681008250852","authorId":"3581681008250852","name":"RYong","avatar":"https://static.tigerbbs.com/1578f159b299beaa194afc3dbdc0c690","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581681008250852","idStr":"3581681008250852"},"htmlText":"So many stocks are considered meme stocks, including Apple.&nbsp;[得意]&nbsp;. If an analyst can just say in general meme stocks, I should just be one also, waiting for 1 to crash. 😂&nbsp;","listText":"So many stocks are considered meme stocks, including Apple.&nbsp;[得意]&nbsp;. If an analyst can just say in general meme stocks, I should just be one also, waiting for 1 to crash. 😂&nbsp;","text":"So many stocks are considered meme stocks, including Apple. [得意] . If an analyst can just say in general meme stocks, I should just be one also, waiting for 1 to crash. 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156741372","repostId":1135430392,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":158223852,"gmtCreate":1625151895176,"gmtModify":1631883984799,"author":{"id":"3579334079758210","authorId":"3579334079758210","name":"6c65da76","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579334079758210","idStr":"3579334079758210"},"htmlText":"Yup says the one who shorts tesla and failed. HAHAHA","listText":"Yup says the one who shorts tesla and failed. HAHAHA","text":"Yup says the one who shorts tesla and failed. HAHAHA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158223852","repostId":1135430392,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":158629506,"gmtCreate":1625148213705,"gmtModify":1633944254967,"author":{"id":"3581583457456048","authorId":"3581583457456048","name":"am_newbie","avatar":"https://static.tigerbbs.com/3c64d4645f1b2cfc8d02bf88edb7de59","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581583457456048","idStr":"3581583457456048"},"htmlText":"Yeah, we need some gods to tell people when the stock will crash and make apes more united!!!&nbsp;","listText":"Yeah, we need some gods to tell people when the stock will crash and make apes more united!!!&nbsp;","text":"Yeah, we need some gods to tell people when the stock will crash and make apes more united!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158629506","repostId":1135430392,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":158124543,"gmtCreate":1625138912182,"gmtModify":1633944389947,"author":{"id":"3573536907657622","authorId":"3573536907657622","name":"vvst","avatar":"https://static.tigerbbs.com/dc6da087943c0b4187d3ba1332bc638a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3573536907657622","idStr":"3573536907657622"},"htmlText":"thats when new highs will come","listText":"thats when new highs will come","text":"thats when new highs will come","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158124543","repostId":1135430392,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":158196079,"gmtCreate":1625134345591,"gmtModify":1633944428071,"author":{"id":"4088035103982220","authorId":"4088035103982220","name":"AKKok","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4088035103982220","idStr":"4088035103982220"},"htmlText":"Cautions","listText":"Cautions","text":"Cautions","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158196079","repostId":1135430392,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":63,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1135430392"}