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samsamsamiam

01/29/21 10:38 PM

#180953 RE: Koog #180950

Think you meant jaxstraw ;)


Back tracking abit - Jan 13

https://www.thestreet.com/investing/gamestop-soars-on-new-board-members-holiday-sales

Earlier this week, the retailer reached an agreement with RC Ventures to place three of the New York activist investor's nominees -- Alan Attal, Ryan Cohen and Jim Grube -- on the board.



Something was started back then



https://www.google.com/amp/s/markets.businessinsider.com/amp/news/gamestop-stock-price-investment-ryan-cohen-chewy-founder-1700-return-2021-1-1030000866




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samsamsamiam

01/29/21 11:01 PM

#180955 RE: Koog #180950

Yeah - thinking about that deep pockets comment - I found this comment about Cohen pretty interesting

https://markets.businessinsider.com/amp/news/chewy-founder-buys-apple-wells-fargo-stock-selling-company-billions-2020-6-1029285088

Chewy founder Ryan Cohen tossed much of a $3.35 billion fortune into Apple and Wells Fargo stock after he sold his pet-supply company, Bloomberg Businessweek reported Friday.

The move goes against the one cardinal rule of investing: diversification. Yet Cohen felt strong enough in his choices to take the risk.

"It's too hard to find, at least for me, what I consider great ideas," he told Bloomberg's Devon Pendleton. "When I find things I have a lot of conviction in, I go all-in."





As “go all-in” seems to be the mentality of all those Reddit users talking about GME as well.
Just sorta stood out when I read it.