Jim Cramer: Short-sellers need to stop betting against GameStop and AMC
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- Опубликовано: 19 окт 2024
- CNBC's Jim Cramer on Wednesday said short-sellers need to just stay clear of GameStop and AMC Entertainment as long as the stocks remain popular on Reddit. Subscribe to CNBC PRO for access to investor and analyst insights: cnb.cx/2Vtntx6
CNBC’s Jim Cramer said Wednesday he’s not sure why any investors are still betting against GameStop and AMC Entertainment, two of the so-called meme stocks popular on Reddit’s WallStreetBets forum.
The “Mad Money” host made his comments following a session in which GameStop shares rose almost 16% Wednesday and AMC advanced 19%. The stocks are up 37% and more than 60%, respectively, this week alone as the speculative trading that first took Wall Street by storm in January resumed.
“Anyone shorting AMC or GameStop is out of their mind. ... WallStreetBets is too powerful, and trying to bet against them right now is just giving them more ammo,” Cramer said.
Despite some optimism around a potential turnaround spearheaded by Chewy co-founder Ryan Cohen, Cramer contended the video-game retailer GameStop remains way overvalued. AMC - which still faces headwinds from the rise of digital streaming - is also expensive at current levels, Cramer said.
But Cramer said the companies are not trading based on fundamentals, which makes shorting their stocks dangerous as long as they remain beloved by Reddit traders.
Shorting a stock is essentially a bet that it will fall in price. An investor such as a hedge fund borrows shares and then immediately sells them into the market, with the goal of buying them back later at a lower level. Then, the investor returns the borrowed shares, profiting off the price differential.
When the opposite happens and the stock rises in value, a short-seller may seek to minimize losses by purchasing shares at their higher price.
Both GameStop and AMC have over 20% of their float shares sold short, according to data from S3 Partners. That’s compared with an average of 5% short interest in a typical U.S. stock.
“I’ve never seen anything like this: a group of buyers with no sensitivity to price,” Cramer said. “These people don’t have unlimited firepower, but they’ve got enough firepower to engineer a short-squeeze any time a bunch of professionals decide to bet against this thing.”
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The Squeeze hasn't even started yet.
It's all FOMO right now.
Yup I’ve been saying that for months everyone in they mama fomo in amc
Exactly hold on tight brother lol
@@fomonow22 I think I'm gonna FOMO back in tomorrow.. I see the spaceship landing ion wanna Miss it 🥴🤦🏾♂️🥵
@@oglilbum2.067 I’m fomo crazy into a new lake house lol💎🙌💎
I have been short since January. About to fomo into my short position even more!
What happened today was not a short squeeze.
Not even close....
We’re barely at 0002%. This is nothing
He trying to help the HF's
This is still natural movement. Just wait until FOMO kicks in. Lol.
@@ryanwilcox2445 This^^ His pitch is to pull cash away from AMC and GME
Started to short it again?! They never STOPPED!
I never stopped. Never will surrender!
lets just pretend we believe what he says, and keep holding.
@@mikeyseo lol exactly
WE ARE NOT SELLING!!! HODL 24,569 SHARES! YOU KEEP SHORTING THE STOCK... WE WILL CONTINUE TO BUY IT!!! AMC STRONG! LOVE MY APE FAMILY!!
wow you're about to get stupid rich, good for you fam :)
your about to get super poor
@@Callumkillz 😂😂🤡
@@Callumkillz 🤑
@@Callumkillz says the 🤖 that has no wallet
The funniest part is that the shorts will still think this bubble is on the verge of popping. It’s only the beginning 🚀🚀🚀
I'd bet this week's price is all done by the hf.
It's probably their 10+M $40 option play, run it up, exercise them and short the living hell out of it again.
Hope I'm wrong and we continue the trend all the way too 100k a share for amc
@@YourDadsBoyfriend that’s exactly what’s gonna happen, think of it as a spring. Everytime it goes back down. The grip gets tighter and tighter to hold until..... it pops stonk go BRRR
To the Moon and beyond!!!
It's over with for them
im shorting amc tomorrow if it pulls back
No talk of synthetic shares, dark pools, high frequency trading or secret markets or naked shorting the real issues. Hedges short citadel shorted the market over 54billion taking advantage of fed money and good American company's that struggled. AMC and GME may, hopefully bring change to the most corrupt market on the planet.
So right
Well said ape
🦍💙🦍
@@yiannimitropoulos3913 god you are always in these comments trying to sound smart can you stfu for once
@@yiannimitropoulos3913 oh yeah that’s exactly what’s happening you make me feel so dumb and insecure about myself 🥺🥺
The squeeze hasn't even started yet. 99% Shorts have not been covered
true dat. We're just about the start more serious battle, these were just basic skirmishes in the past few days!
3999% have not been covered
@@Theyareoverrated im looking for 600,000% Lol. Is that possible? 3 shares LMAO
It a little fishy that he said $300 since there is a nice put wall at $300 he is trying to help scare people into selling at $300
Absolutely. Trying to act like he's on our side while peppering his assumed ceiling. So funny to watch these finance guys dance for their masters in real time
@@ef3345 lold
He's pandering to us yet the details are in the puddin. Great catch!
Selling the news
Think he just see the army and knows this isnt 300... But maybe
AMC will be the biggest short squeeze in stock history, as long as the brokers don't turn the buy button off again
They turn it off again, we will give them crypto tokens~
Gamestop will be bigger. Trust me
GME you mean* I’m holding AMC you for homies though.
@@dickywong6009 haha
@@RoofTopFocus I hold both, AMC can offer crypto too, that’s what Overstock did to recall all the shares~
AMC & GME 100K From APE Nation
AMC 100k. I’m not going anywhere!
🚀🚀🚀🚀
Are you still holding? Just curious
100k is the floor, what’s this guy talkin about? #AMC100k 💎🤲🚀🦍
The less shares you have the more likely you are to hope for this. Sorry broke boy, its not going there. Wishful thinking on crack. Amc maybe 200-500 a share. Gme, 1k - 2k max.
@@joediggity7287 I encourage you to sell at those prices. It will give something to laugh at when AMC crosses 20k.
@@joediggity7287 lmao a LOT smarter people than you have given figures WAY higher than merely 200-500 and who are YOU to say what it can't reach? Nobody can predict this thing so DONT be condescending toward others.
@@nicholaswolfe5937 EXACTLY! I want this thing to hit Berkshire numbers now lmao I want to hit this dude with a "This aged well" comment in like a month 😂😂😂😂 after we get our millions I'll say "Hello Broke Boy" 🤣😂🤣😂🤣😂🤣
@@joediggity7287 I may be broke and stupid But I’m definitely not a paper handed pansy who’s gonna sell prematurely. 💎This’ll be fun. 🦍🦍💎🤲🤲🚀🚀
We have all of Reddit.
The goal is 2,000,000. We’re coming for you.
You're missing a zero... it's $20,000,000 now.
2,000,000 is paper hand levels.
Do please behave yourself
@@fernandocavalli7395 Sorry forgot a few zeros* 20,000,000,000
10 million or actually infinite floor.. retail holds the float....banks taking the boat....Adam Aron Ryan Cohen taking the G.O.A.T retail holds the float. Synthetic let’s correct it June all gonna count the vote, retail holds the float. Take a ride sky high no more 925 we’re all done now we’re feeling more alive buzzing got the FOMO cranking as the banks can’t do their banking hold the line one ape at a time no more time for paper hands we’re all just eating crayons pop the corn ASAP to hold our nft no more time we hold the line stay strong buy more hold more buy more retail holds the float!
@@onestepatatime2668 ❤❤❤❤
I'll need life changing money to even consider selling a fractional share.
I have a fractional over my position of .12 GME. Hedgies can have it for 15k.
Im not greedy brother I will sell the hedges all my shares of gme and amc for a measly one year salary of Ken Griffen.
$10 million USD dollars per share and nothing less.
@@janesmith6845 This is the way. I like the stock 🚀🚀🚀🚀🚀
Here to watch Cramer make a fool of himself again.
How ? He said stop shorting
Cramer doesn’t care about anything other than the views he receives. All of a sudden amc is green and he has nothing but good things to say. This mans a bullshitter.
Let them keep shorting I will keep buying and hodling idgaf
He’s trying to save his hedge fund buddies
Same lol
To the new apes, this might come off as some guy on CNBC who's just uninformed about the situation. But to us old apes, he's very aware and extremely condescending.
So very true
Haha! I’ve never socialized with redditors on RUclips! It’s like a weird crossover episode.
@@avryptickle we are everywhere. And we aren't limited to mom's basement. Some of us even used to work on Wall Street.
@@avryptickle
Tru lol
@@daviddixon815 oh creepy. I think my last comment got deleted. Thin skin over here.
this goof said it was a $5 stock. now he sees what WE are doing and he changes his tune...
Underestimated us. 🚀
Ya he's a hypocrite
Pandering
Yep! I remember when he downgraded this stock. There were other stocks he downgraded but they ran up. I no longer trust this guy. Too much DECEPTION!
He trying to save face. What a 🤡
Wait, he thinks our price target is 30 bucks for AMC? 😂😂🤣🤣🤣🚀🚀🚀🚀 more like 30k or 100k or 1million baby
😂
100k floor Ape. Straighten up.
@@CryptoDisco I said 100k or 1 million, you can't read mate?
You guys are ridiculous....it would be funny, but you actually believe the stock could go to 100K lol.. it goes to 1K and and I don't have to work anymore...makes me think you guys only have like 10 shares and think you're gonna be a millionaire from 10 shares lol
@@johnnyflannigan136 No one knows what it can go to, obviously 1k is more probable than higher numbers and I have a lot more than 10 shares but believe what you will. Be well fellow ape
Guys, dont believe Jim. Today he will say one thing and tomorrow exactly opposite. His first interest is to get ratings for his show. The retail investor is just a veil.
Exactly. He mocked us continuously and now he is saying not to mess with us. He is a cokehead, hedgefunds, boomer shill.
LOL at what he thinks our price targets are... mid 20s for AMC and 300 for GME.. the squeeze hasnt even begun
😆😆😆😆
@Josiah Cormier
I don't think he's an idiot just extremely shrewd and sneaky
The squeeze began yesterday
Will end by june 12-16
Enjoy the ride with GME !!!!!!!! SOLID 🚀🚀🚀🚀🚀🎸🎸🎸🥳🥳🥳🍺🍺🍺🍺🕺💃💃💯🚀🚀🚀🎸🎸🎸🚀🚀
This level of hypocrisy can only be matched by that of the Don himself.
ur kidding right?
The squeeze hasn’t happened yet, you will know it has hit when it’s rocketing past 5 figures per share #AMCtoTheMoon #ApesTogetherStrong
Lol
Squeeze hasn't even happened.
This is going to GME levels in a matter of weeks.
Keep loading the truck.
AMC 100K
How much longer you think? It’s been a month since your comment
After studying the trajectory of great assets like real estate, dividend paying stocks of blue chip companies, gold, etc ,my conclusion is that most great assets never come down to the price that you want them to so you can buy. just buy the ones you can afford today.
That's exactly why investing in stock now will be the best decision.
Best time to invest? That's funny though because in the last four months I have lost more than $47,900 in the stock market which is the biggest I have lost since I ventured into stock investment.
you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from RUclips videos but now its a different ball game for me because I was lucky to have met ''GRACE SHUKMAN YUNG'', a financial manager and stock expert, a Kansas based. I have made more than $75,000 in 6 months under her supervision.
That’s impressive! How could someone go about getting investment guidance from a coach like that. Would you mind sharing your coach's Info?
My coach, Grace Shukman Yung mentioned her earlier. I found her at a stock market interview, then I looked her up online,
Cramer says stop betting against GME, you know what to do WSB gang!
Whoops meant to post that on reddit 😂
Buy buy buy hodlllll
🦍🦍🦍🦍🦍🦍🦍🦍
More, more, more!!
AMC 100K. GME 20M
Lol absolutely right. Why stop with amc and GameStop
Well....thats all we can afford lol. Once we are done with them we can move to a new target....really we should just have 1 target...all the GME people should come to AMC...GME already squeezed...they could make a ton of money if they just went to AMC , doesn't make sense....yes I realize GME has high short interest, but AMC is closer to a massive explosion ...why not liquidate your GME, put it in AMC and make 10X profits?
Y’all better get out there and buy, AMC 100,000 a share coming soon🚀🚀
Well, Cramer seems to be missing crucial information... Also, we like the stock.
I don't like the stock lol...AMC is a horrible long term investment , same with gamestop. That being said.....I made thousands in AMC today, and I love sticking it to the hedgefunds, but I think you'd be insane to pay $20 for AMC without the squeeze
@@johnnyflannigan136 it was a $25 pre Covid tho
@@johnnyflannigan136 Its a good cyclical buy. As the company goes from terrible to excellent, the value will go up drastically. When AMC starts reporting good earnings again, then is the best time to sell.
If you want to avoid volatility, you can check google trends for big spikes in searches. As of now, there is very little searches, meaning the biggest bulk of the retail investors haven't yet FOMO'ed in.
hexage. love that studio. reaper
They'll just get bailed out by Powell or other Hedge funds. No biggy. Shorting will continue.
I get paid weekly. I will keep buying
They got bailed out in 2008, I don't think it gonna happen again. If you bail it out it keeps happening.. they realize now they gotta let the evil people go under. Anyone who put there money in these evil hedges deserve to lose it all cause they know what kind of scums these people are and how risk your money without thought.
They'll bail them or at any cost if ramifications of not bailing them out exceed the cost of throwing the big boys a lifeline.
Who pays for the bail out? We do.
Further, wallstreetbets can't hide their capitol gains tax like big hedge fun companies can.
They better NOT, we’re FED UP with these bailouts. #NoMoreOfOurTaxDollars to criminals!
That’s assuming other hedge funds wanna foot the bill Citadel has built up lmao
The squeeze is when it starts climbing over 1k vigorously! And it will imo. AMC to the moon!! I'm HOLDING
I liked this one , short selling hedge funds need to learn but whats the deal here cramer ? Whats up with the honesty?
He realized he's gonna lose it all anyway lol
He's scared
He is not being honest. He is trying to limit the levels of the squeeze by saying its over at 250 to 300. That is a target way below what most people hodl for.
AMC squeeze hasn’t begun to squoze yet. What’s this talking head even mean?
Let them short it so I can get a discount. I get paid this Friday.
This is the way. I'm buying more at market open...
Did you buy the dip today at $38?
@@_GandalfTheGrey_ Yes. Even before the dip actually when it was higher.
@@Alesster101 Me too. Does anyone know when citadel has to actually pay up?
I've invested heavily in #AMC, because I believe in this movement, and after doing my own DD. The media is not/hardly reporting on it, this truly will be the last squeezes of this magnitude, especially with what the SCC is doing to cover itself and prevent this from happening again. We are a great force, and hedgies are losing the battle, and they know it.
They fight harder, and continue to short the stock heavily today (30%), and we still go up 20%, this without the squeeze even starting. This only makes my resolve stronger.
This is an incredible time to be in. Our children and future generations will be talking about us in history books. I am not going to sell now for pennies when I will be selling for gold bars.
#APESTOGETHERSTRONG #AMC100K #AMCTOTHEMOON
I’m taking a break from work tomorrow and buying more AMC
He's trying to manipulate us to trust him. He make it seem like he is on our side. But at the same time, throwing in subliminal message for the newbies to sell at a certain number as if he's trying to help them from losing out on money. DONT fall for it APES!! HODL STRONG !! Don't sell for pennies when you can get millions! 💎🙌🏼
Don’t sell through the dip and you can retire early, do you want to retire your entire family?? DON’t SELL THROUGH THE DIP! Or you’re the DIP!
"Just let it go up already!"
I was going to quote that but you beat me to it. Good game 👏
Sounds like someone bought AMC shares lol
BUY BUY BUY BUY AND HOLD!! #APE
^ This is not Financial Advise :D
@@seanpinkey2188 of course! I am NOT a financial adviser. Just my option and thoughts ☺️😈
I went all in on AMC. This thing is going parabolic next week! I'm so pumped!
#AMCTOTHEMOON 🚀🌕
Make sure you buy the right ticker people. AMC not AMCX!
I just bought 4000 worth. And I'm waiting for the dip cuz I'm going to buy even more. thanks Jim
HOLDING XXXX AMC shares with XX,XXX in profit, but NOT selling!
I don’t want the crumbs, I want the whole 🥧!
AMC💎🙌🚀🌕
You doing some reverse psychology? Lol.
We are NOT selling gamestop at 280 !!!!! More like 10K for the 1st share. We know they have naked shorted way more shares then exist in the universe. The day is coming... This is the way.
Buying more AMC and GME stock!!! Thank Jimmy
When you cant beat them... join them. Someone has wised up and this is good. HODL!!!!
Absolutely right Cranmer I’ll buy amc at $5 I’ll buy it at $12 I’ll buy it $20 and then I’ll buy it $300. The 99% have been taking advantage for to long and now the real power of apes is here to change the game
Apes together strong.
You will know the short squeeze has started when the share price has a comma in it
Holy crap guys! Literally CRAMER! just told the hedge funds to stop with their bull, they wont win hahahaha
Most likely by the hf directions... they have a play in mind with all this
Cramer is a paper handed weenie baby. He flips flops more than a gymnast on a trampoline.
Cramer is a tool that is hedgie funded.
@@YourDadsBoyfriend True, this really could be a plan, but it did not sound like it, why would he want them to loss money? If it skyrockets, they loss, sounded like a warning to them for GME and AMC to just leave it alone finally.
@@brandtc.7991 highly doubt that. The deficit was the warning. They are ignoring the warnings. They also don't take business advice from employees.
Cramer is up to something, funny thing is, I don't think even he knows what it is.
@@brandtc.7991 could be the 10+M call options at $40?? Don't know options plays, but it seems plausible
2,200 shares ain't selling! AMC 🚀
AMC family cannot be killed by short sellers if we work together
What a time to be alive.
cant wait to see how robinhood messes this up too
@@luism1209 sad part is, people still support the platform
@@financemadesimple-personal2086 yep. I still use it
Short sellers need to find a real job. Something productive that benefits society.. Imagine that...
Shorts haven’t started covering you boomer
I’m not selling ✋💎🤚
Our price target is $10,000,000
Lol...yes cramer...I would rather pay $25 for AMC than $15, because if it hits $25, its going to $35 and squeeze is incoming....
This is the best thing Cramer could have done. Now I am not gonna be able to sleep.
Gamestop is like the 99% screwing over the 1%. Just for fun.
More than screwing. Guillotines.
@@janesmith6845 nah. Dont get it to high in the head. Most of this sht hea.... I mean shortsellers have spread there money over more than one gamble.
I bought all my exclusive 3ds from gamestop and my switch when they were scarce. I also bought like 100 used ps2 games in sleeves for like 20 bucks. I love gamestop. I also love amc!
All I do is buy and hold 😎🚀💪🏼🦍💎
If Wall Street had nothing to lose from the situation, why would they still be talking about it? It's August, 2022 and the financial networks are *still* talking about it. All I can say is HMMMMMMMM.
Can't stop won't stop. I'll pay $280 for GME before I pay $5 for a gallon of gas
Not that I have a problem with it, but, he's totally blitzed during this episode, right? Like, 8 shots of whiskey in 🤣
next week gamma squeeze week after that is the short squeeze. this thing isn't over yet.
I hope so 🦍🙌💎🚀🚀🚀🚀🚀🚀
Don't fall for their baits people, just Hold, We are winning!!! Both GME and AMC have the same pattern today, meaning that they actually failed miserably that they had to rely on their HFT Algos (it produced same patterns), just look at the 2 charts and you will be surprised to see how similar they are, it really reveals this whole bait plan, it is clear as day. really happy to see that people are holding. We are in this together, GJ everyone!
Ortex shows that shorts havent covered and they actually increased their positions. HODL
We're not bulls...WE ARE APES!!!
Sorry but We just love the stock. That's the end game
Yes we do 💎💎🦍
Braavooo Cramer !!! 🚀🚀🚀🚀🚀
They don't care they will let it go up and hit us harder in taxes poor ppl can't catch a break
Keep buying and keep hodling boys 🙉 💎 🤲
AMC 🚀🚀🚀🚀🦍🦍🦍🦍
Short squeeze hasn't even started. $1000 minimum for AMC in my opinion.
500k
Ha ha...proud of you Cramer...you called it but they didn't listen..... glad you now understand..🍻🦍🦧🐵💰💵
Not a fan of Cramer, but he is hilarious in this one because he is so right. That's why Cramer is a billionaire and I'm dead broke. Cramer is right.
I agree with the sentiment, I disagree with the price target. HEAVILY disagree lol $30? Nah I want 100k
dropped 10k in amc,aint leaving, I like the stock.
Nice of you to finally acknowledge that your team is losing, Jim.
remove stop losses
HODL !!!!
IM SELLING AS SOON AMC HITS 200K🚀
Why not 500kkkkkkkkk?!
@@Stan0619 because it will never hit that
Now this is the knowledgeable Guy that I use to like 👍 Smart man
G M E. TO THE MOON. WINDOW DRESSING THIS FRIDAY. YESSSS. 295 DLLS
Had to see what he said.
Hold strong apes!💎🙌
🚀🚀🚀
Instructions unclear, peepee is stuck in the vacuum cleaner and 10 more GME in my portfolio.
This isn't trading my guy this is ransom, I am holding these 1414 shares hostage. Why? Cause I love the stock.
Cramer=King of FUD
Discount Louis CK has a point. BUY AND HOLD
Cramer's gettin old he needs to retire. This whole squeeze is squeezing his blood pressure up.
This ain't the squeeze 😂😂😂 We know the games, hell he told us about them😂😂
let them bet against meme stocks they are ruthless to us why can't we squeeze them out of a yacht or two
we are buying 100000 more and hold for a few years until 50k
We like the stock.
This the guy who said AMC was worth a $1 or less just acouple weeks ago tho. 😂
Yes we’d rather pay $50 for a $30 sweater… Because we know the billionaires MUST HAVE that sweater bad, and they will have to pay OUR price to get it. Just sound economics of supply and demand. Ha ha!
exactly..simple
Finally something I can agree with Cramer with! Last time I listen to his recommendation it went into the red 🤣
And the idiots are STILL doing it. Now they're all flirting with bankruptcy. 🤣 $APE is going to be THE game changer.
AMC to $20-$23 tomorrow!!!!!!!
So glad I never sold in March.