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.
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