Michael Burry, who has been immortalized by the movie The Big Short, did a tweet about the stock trading action in shares of Magic Empire Global (NASDAQ: MEGL) stock. This stock became the fifth most actively traded stock among Fidelity traders on Friday on its IPO day. It is an obscure company based in Hong Kong. In this video I take a look at the prospectus for the company and ponder what its very existence now means for the stock market.
I mentioned a video I did last week about my single best profitable stock trading pattern. You can find that at this link here.
Also to subscribe to my free stock trading alert email list go here.
-Mike
