Famous investor Michael Burry, known for his ‘short’ transactions, turned to small-scale stocks this time. Burry, who uses the ‘penny stock’ tactic used for shares with a potential to rise tens of times in the USA, made a purchase of $450 thousand from BioAtla shares operating in the field of biotechnology.

The purchases made through Scion Asset Management, Burry’s hedge fund, took place in the second quarter of the year. After the purchases, BioAtla shares accounted for 1.6% of Burry’s portfolio.

As of yesterday, the shares rose 6.8%, exceeding Burry’s purchase average ($1.3).

“I was wrong,” he said

Burry tweeted a single word at the beginning of last year and said ‘Sell’. This thought of Burry, who expected a decline in the markets, did not come true, and in March, the famous investor tweeted, ‘I was wrong to say “buy”’.