GEO GROUP Is Michael Burry right to bet big on this stock?Dr Michael Burry, famous for predicting the 2008 Housing Crisis and shorting the market, is the majority holder on the Geor Group Inc (GEO). The price broke a week ago above the 1W MA200 (orange trend-line) for the first time in more than 3 years (since June 2019) and that alone constitutes major news.
A quick application of Dr Jean-Paul Rodrigue "Phases of a Bubble" model, strengthens even more buying GEO at this stage as it appears that the price has gone through the (final) Despair Phase and is now well above the Mean to start a new Bull Cycle.
Is he right yet again?
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