Jim Cramer on GameStop: ‘The mechanics of the market are breaking down. … I’ve never seen the guns like this. They can break shorts.’


Jim Cramer appears to be flabbergasted by GameStop’s epic run — making this observation early Monday:


‘I’ve never seen the guns like this. They can break shorts.’


— Jim Cramer, CNBC

Trading by individual investors has led to massive rises in the Texas-based videogame retailer’s stock, which has quadrupled in 2021.

The former hedge-fund notable, commenting Monday during a CNBC program he co-hosts, “Squawk on the Street,” said this is new territory for the market: “The mechanics of the market are breaking down. It’s arguable that these people are all one group.”

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GameStop shares
GME,
+7.03%

surged again Monday, after storming 51% higher on Friday. The gains came after short-selling firm Citron Research and speculative buyers organizing on Reddit clashed over the game retailer.

After the markets closed on Friday, Citron released a video arguing the stock was worth $20.



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