By admin Aug, 06, 2022 Editors Pick

Michael Burry is a knowledgeable investor who uses Twitter to criticize and complain about the investing world. When he sees something wrong, he tweets and then deletes it immediately.  Today he said something about Magic Empire Global Limited, a company whose stock shoots up by as much as 2325%. 

The company recently completed its IPO debut and the stock skyrocketed on its first day of trading on Nasdaq.

Magic Empire Global is a Hong Kong-based financial company, it came into the market with 5 million shares at $4 per share. It opened trading at $50 per share and went all the way up to $235.95

Michael Burry is not a fan and she made it known with his tweet "Gamblers gamble more the more they lose"

If these investors are indeed gambling, they will need a new job afterward, if they lose all of their money invested in Empire Global. 

Tags: Micheal Burry Scion Capital Tesla TSLA Investment stock stock market

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