Revisiting the Gamestop Mania
The Canadian Investor
00:00
Can Ryan Cohen Really Be a Canadian Entrepreneur?
When someone who shorts the stock, basically those shares that are being borrowed, they are borrowed to someone else again. You have that domino effect which can really create a lot of pain when there's a short squeeze. So it's a bit of house of cards. If there is any catalyst for the stock to have some positive momentum or some sort of turnaround, some sort of good news story, the stock would go parabolic because these hedge funds would have to cover their short position. And so I think part of that was kind of like enter Ryan Cohen with the chewy.com founder.
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