What Does Ryan Cohen Mean By MGGA?
Ryan Cohen is no stranger to sharing short cryptic tweets to his 200,000+ $Twitter (Delisted) (TWTR.US)$ followers. On Sunday, the Chairman of $GameStop (GME.US)$ was back at it with a short tweet being dissected by investors.On Oct. 31, Cohen sent the simple tweet of “MGGA.”
The most likely explanation to the one-word phrase from Cohen is the four letters being an acronym for "Make GameStop Great Again," a nod to the popular acronym of Make America Great Again used as a campaign phrase and rally cry by former President Donald Trump.
While it unlikely, perhaps Cohen is creating his own investing acronym similar to FAANG, a popular basket of technology stocks $Meta Platforms (FB.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$ $Netflix (NFLX.US)$ and $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ formerly known as Google.
The most likely explanation to the one-word phrase from Cohen is the four letters being an acronym for "Make GameStop Great Again," a nod to the popular acronym of Make America Great Again used as a campaign phrase and rally cry by former President Donald Trump.
While it unlikely, perhaps Cohen is creating his own investing acronym similar to FAANG, a popular basket of technology stocks $Meta Platforms (FB.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$ $Netflix (NFLX.US)$ and $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ formerly known as Google.
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kats_ : Cohen’s MGGA acronym could suggest he thinks GameStop is on the same level as other high-growth names. Perhaps Cohen thinks Meta, GameStop, Google and Apple (or Amazon) are the four stocks investors should own.
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