Skip to main content

What Jim Cramer Needs to Hear From GameStop Management

Publish date:
Video Rating:
Video Duration:

What does Jim Cramer think about the moves in GameStop  (GME) - Get GameStop Corporation Report both Thursday morning and Wednesday afternoon?

"How do you even pull off what the buyers of GameStop did in the last hours of trading and beyond? How is it possible to have that kind of concentrated buying to get a stock going like that? First, I have never done it, so I am not sure it would work. Second, the actions I am describing could easily be found to be illegal by any prosecutor under the broad powers of the Securities and Exchange Act of 1934. Third, there might be myriad other ways to do this, but here's one that could conceivably have been used. Again, because we are in the Vast Conspiracy moment of this market, I don't know this was done, it is strictly theoretical," wrote Cramer in his daily column for Real Money.

"In order to get a stock to move you need to get people who are making orderly markets, the options markets, to be caught off guard. They have to be able to lay off their risk at the time of buying so they don't get caught short without a hedge," he continued.

Recap TheStreet Live: Everything Jim Cramer Is Watching in the Markets Thursday

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

Related Videos