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The 20x value doesn't come from Ryan Cohen, it comes from short-sellers being in too deep. Short-sellers have to buy in order to close their short, and that's g
by mcv 6y ago
The 20x value doesn't come from Ryan Cohen, it comes from short-sellers being in too deep. Short-sellers have to buy in order to close their short, and that's guaranteed, and from what I understand, very inelastic demand. That's the real path to profit here: short-sellers having no option but to buy ridiculously overpriced shares in order to settle their shorts.