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Wednesday, October 07, 2020 2:42:21 PM
Trust me, it doesnt.
As a recent example look at Men's WearHouse: TLRDQ trading at around .09 cents. Do you know who sunk a shit-ton of money into that one in the DOLLARS believing it would turn around?
SCION ASSET MANAGEMENT, LLC
Do you know who Scion is?
That is the fund run by Michael Burry.
Do you know who Michael Burry is?
He's the guy who made billions shorting the housing crisis (through Scion).
Just go read the form 13's. Look at all the millions of shares he bought and when and at what price.
It's easier for rich man to go through the eye of needle than it is for a camel to get into heaven.
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