Michael Burry is working as a hedge fund manager when he discovers the instability of high-risk subprime loans. 'This is a Godsend for these companies,' Burry told Barron's.Ĭlick here for the full Barron's article. The Big Short follows the doomed trajectory of the United States housing bubble that led to the financial crisis of 2008. That's on top of an offering of 3.5 million additional shares in April, which raised $551 million for the company. GameStop has taken advantage of its massive rally to raise new capital to accelerate its e-commerce transformation. Last week, the video game retailer said it sold 5 million additional shares, raising $1.13 billion in capital. This level has come down since the third quarter of 2020 when retail investing was 15% of all trades during pandemic-induced retail frenzy however, the current figure is still in the 82nd percentile. Retail investors represent about 10% of all trades in the market currently, according to a recent Morgan Stanley report. GameStop has surged more than 1,000% in 2021, while AMC is up over 2,500% this year.

While the frenzy has cooled as of late, these stocks are still up an unimaginable amount.

Reddit the big short