What Does Ryan Cohen Mean By MGGA?

Ryan Cohen is no stranger to sharing short cryptic tweets to his 200,000+ Twitter Inc TWTR followers. On Sunday, the Chairman of GameStop Corp GME was back at it with a short tweet being dissected by investors.

What Happened: On Oct. 31, Cohen sent the simple tweet of “MGGA.”

MGGA

— Ryan Cohen (@ryancohen) October 31, 2021

This marked the first tweet from Cohen since Oct. 26 when he shared a picture of a small man pushing a Sumo wrestler.

So what does MGGA actually mean?

Related Link: Ryan Cohen Pulls Undercover Boss On GameStop Stores, Wants To Invest In Physical Locations 

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 Facebook Inc FB, Apple Inc AAPL, Amazon.com AMZN, Netflix Inc NFLX and Alphabet Inc GOOGGOOGL, formerly known as Google.

With Facebook rebranding as Meta last week and a new ticker coming to MVRS, some have started drafting new acronyms that would include top names to put into a basket of high-growth technology stocks.

Jim Cramer, who coined the FAANG acronym, created a new acronym and took out Netflix. Tesla Inc TSLA and Microsoft Corp MSFT were among Cramer’s favored names for the new acronym.

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.

GME Price Action: GameStop shares closed at $200.18, up 9% on the day. This marked the first time shares closed above $200 since September.

Photo: Will Buckner on Wikimedia