They helped to send GameStop's stock price up as much as 145% on Monday, then as much as 95% on Tuesday. Retail investors, including members of the Reddit forum r/wallstreetbets, have made concerted efforts to drive GameStop shares higher and squeeze short-sellers such as Melvin Capital. Yesterday he has started tweeting again, posting a few screenshots of old mails from 2005 implying it can take a while (3 years) for his predictions to come true. Burry keeps making predictions and then nukes his account (deletes all his tweets) when he is wrong. Read More: An engineer-turned global macro investor breaks down why bitcoin is so volatile - and shares 3 reasons why she remains bullish about the digital asset Michael 'The Big Short' Burry has activated his twitter again. Assuming Burry hasn't altered the size of the holding, it has ballooned in value from about $17 million to $250 million as of Tuesday's close - an almost 1,400% gain in under four months. Scion owned 1.7 million GameStop shares at the end of September.

Its founder breaks down how to pick blank-check firms - and shares 3 to watch in 2021īurry's billion-dollar bet against the US housing market was chronicled in Michael Lewis' 'The Big Short,' and he was portrayed by Christian Bale in the movie adaptation of the book. Read More: This actively-managed SPAC ETF amassed $60 million assets within a month of launching.

Reddit the big short