Ep 28 - WallStreetBets legend who made 100,000% on GameStop breaks down HIMS short squeeze setup

In this episode of Hims House, Jonathan Stern sits down with Alvan Chow — the original WallStreetBets poster who made a legendary 100,000% return during the GameStop short squeeze. They break down what happened in January 2021, the mechanics behind a short squeeze, and how institutional and retail forces collided to trigger one of the wildest moments in market history. The conversation then pivots to Hims, which increasingly has a similar setup: a strong fundamental story, massive short interest, and increasing retail momentum. They explore the potential for a “second squeeze,” compare Hims to Tesla & Palantir, and debate how much of the recent volatility is driven by technical flows vs. fundamental news. They also dig into how retail investors in South Korea could play a surprise role, why the borrow fee and other short metrics matter, and how investors should think about risk management during parabolic moves.

Note: During HIMS' first short squeeze in February, Alvan turned $500K into $5M. Now, he's eyeing HIMS short squeeze 2.0 🔥

01:26 Alvan Chow's Origin Story and the GameStop Saga

03:52 Mechanics of Short Selling and Short Squeezes

07:17 Comparing GameStop and Hims

14:24 Why Shorting Hims Makes No Sense

15:43 What a Hims “Squeeze Part 2” Could Look Like

20:45 Is This Like GameStop, Tesla, or Palantir?

26:04 The Korean Retail Investor Factor

32:33 Final Thoughts

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