Renowned investor Michael Burry shorts Micron Technology stock and increases holdings in Fannie Mae and Freddie Mac
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Burry stated that Micron "best reflects cyclicality." "Micron stock is the only pure dynamic random access memory play on the major U.S. exchanges. During boom times, the stock price gets overhyped; during downturns, it gets oversold." Burry increased his long positions in PayPal, Sprouts, Zoetis, Fannie Mae, and Freddie Mac stocks.
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