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Whether ornot we participate, but i prefer usto be a part of history. - it was a verycompelling thesis. i had never seensomething like this before. and you know,i'm no stranger to something calleda short squeeze, where all these shorts, they've got to coveron top of each other, and you know, the price shoots to the moon. but at the same time, it alsohad a huge downside, right? - gamestop announced today it's closinghundreds of stores. reporter:gamestop, the biggest video gameretailer in the world, announced today that it willclose up to 200 stores by the end of the year. - that's pretty sad.- ...

Pressuring shorts to close. institutional investorswill catch wind and join in. gme heads to $400 and we cash out. [music playing] this one is specialbecause we have math and great underlying news.to be clear, this will happen whether ornot we participate, but i prefer usto be a part of history. - it was a verycompelling thesis. i had never seensomething like this before. and you know,i'm no stranger to something calleda short squeeze, where all these shorts, they've got to coveron top of each other, and you know, the price shoots to the moon. but at the same time, it alsohad a huge downside, ...

[music playing] this one is specialbecause we have math and great underlying news.to be clear, this will happen whether ornot we participate, but i prefer usto be a part of history. - it was a verycompelling thesis. i had never seensomething like this before. and you know,i'm no stranger to something calleda short squeeze, where all these shorts, they've got to coveron top of each other, and you know, the price shoots to the moon. but at the same time, it alsohad a huge downside, right? - gamestop announced today it's closinghundreds of stores. reporter:gamestop, the biggest video gameretailer...

Announced today that it willclose up to 200 stores by the end of the year. - that's pretty sad.- like, it could go bankrupt. that was alwayskind of the bear case. matt kelly: my hunches keptgetting confirmed, a little bit at a time. most of my friends i wastelling about it thought i was crazy.i was telling my friends who've been investedin a long time. like look, this is--i can barely explain it. i sound like i'm some qanoninsane person. i'm like, yeah,there's this guy, ryan cohen, who's like doing thisand that. and the shorting, i don't evenknow if that means, but that's what is happening.and...