So it looks like the chewy guy who just so happen to invest tens of millions into gamestop under 20 is now a billionaire Cohen, a Chewy Inc. co-founder, disclosed an investment in GameStop in August. By December he’d purchased 9 million shares in the retailer for a total cost of $76 million. Earlier this month, GameStop announced that he and two other former Chewy colleagues would be joining the board, triggering a jump in the company’s share price. https://www.bloomberg.com/news/arti...rge-gives-chewy-co-founder-cohen-a-1-200-gain
he became a billionaire taking a long position in this stock, how does that make you feel? Do you find that laughable?
And then there was the tale of the guy who went short the stock and had to get rescued. Bring back Daddy DOZU !
Chewy founder Ryan Cohen has reaped a 1,700% return from a $76 million GameStop investment he made last year Chewy.com co-founder Ryan Cohen acquired a 12.9% stake in GameStop last year for $76 million. At Monday's high of $159.18, Cohen's stake in the video game retailer had swelled to $1.4 billion, good for a roughly 1,700% return. https://markets.businessinsider.com...n-chewy-founder-1700-return-2021-1-1030000866
yea if it crashes hard what does it matter though...being up 100%+ on your position is all that matters. buy high sell higher and all that...If you are 100% convinced i dont see the problem.