Opinion: GameStop stock pops many thanks to Ryan Cohen’s ‘small wee wee’

Ryan Cohen may possibly have “a little wee wee” or he might have the reverse of “a small wee wee,” but just one point is sure: there is a lot of communicate of the chairman’s “small wee wee” and GameStop’s
GME,
+7.80%
inventory is up massive.

At about 1 a.m. EST on Monday, the 30-something Chewy co-founder, turned activist trader, turned GameStop chairman, tweeted “eew eew llams a evah I,” which spelled backward reads “I have a modest wee wee.”

As we have talked about in the past, fundamentals can be pleasurable, but very little moves GameStop shares like an inscrutable tweet from the company’s perceived savior turned precise chairman.

In the earlier yr, Cohen’s routine of sending out seemingly absurd tweets—like his possess tombstone looking at “RIP Dumbass,” a series of experience swaps to make him search like Victoria’s Top secret runway products, and the most recent provocation of “MGGA”—has almost uniformly resulted in a shift upward for GameStop shares.

Reactions on social media and in the market place to Cohen’s tweet on the diminutive sizing of his “most personal allocation” were being frothy and fast.

“emaS” replied meme inventory influencer Matt Kohrs on Twitter.

“Hsillub,” extra fellow retail investing celebrity Trey’s Trades, equally accounts of course applying the backward structure to voice their help of Cohen’s admission/brag/information alert.

A lot of of Cohen’s twitter followers took the backwardness of every thing as a sign that Cohen was hoping to communicate the opposite which means, for case in point, engaging in some public self-treatment by investing the twilight of Monday early morning carrying out a public affirmation that he in fact has a huge “wee wee.”

By midday, GameStop shares experienced climbed up as higher as 4.2%, right before trimming that advance.

On Reddit, a much more structured, vibrant and standard cable-y principle of Cohen’s backward wee wee tweet took hold.

In accordance to a post by consumer Kopheus on subreddit r/GME, the phrase “I have a tiny wee wee” comes from an episode of the animated Tv Sequence “South Park,” and is mentioned by the teacher character Mr. Garrison, while standing underneath an alphabet chart that has been edited to spell out the show’s catchphrase: “Oh, my God, they killed Kenny!” in Spanish.

Even though that may audio as outlandish as a grown man with millions of dollars pumping shares of a videogame retailer by saying he has a little dong in backward textual content, it essentially [what is happening to us?] makes perception upon additional critique.

The notion of “killing Kenny” is pretty preferred amid Reddit’s base of GameStop Apes who have created Citadel founder Ken Griffin into their key enemy, re-christening him as “Kenny G” or merely “Kenny.”

And Cohen’s tweets have referenced South Park on many prior occasions. In point, a Cohen tweet from Aug. 11 appears to reference the pretty identical episode that has Reddit humming.

GameStop stock was down much more than 7% at the close of last week, and there does not appear to be significantly information coming out of the company—still no sign of Cohen’s grasp plan getting revealed—so a cryptic phone to action on Twitter is not a undesirable thought, specially as it’s worked for him just before.

Now we’re just hoping that executives at AMC Enjoyment
AMC,
+.62%
can keep their CEO. turned senior memelord Adam Aron from tweeting out something about his own…proportions.

Candice Cearley

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