Cramer suggests traders take profits after engineering ‘beautiful’ short squeeze in GameStop
“What worries me here is that a bunch of people have bought GameStop in the past week, and they’re now being told to hold the line,” the “Mad Money” host said. “But if you hold the line, you’ll end up holding the bag when everyone else does ring the register.”
Short selling is a strategy in which an investor borrows shares of a company and then promptly sells them, with the expectation the price will fall in the future. The short seller buys back the stock at its lower price and returns the borrowed shares, profiting off the difference.
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