How did Roaring Kitty get the USD 174.5 million?

Discussion in 'Trading' started by Maverick2608, Jun 11, 2024.

  1. Not with short positions.

    There whole point is to figure out something before the rest of the market, take a position and then convince the rest of the market you're right.

    Going public is the point. You don't want to wait around and hope they figure it out independently.
     
    #11     Jun 11, 2024
  2. smallfil

    smallfil

    There is another fund that actually, went belly up. Forgot his name (the guy who ran it) but, it was in the movie Dumb Money. That was a hilarious movie. For a more serious movie on Wallstreet Bets, Diamond Hands movie is better in that regard. Explains what happened actually. Dumb Money is more fluff.
     
    #12     Jun 11, 2024
    murray t turtle likes this.
  3. If Kitty Cat is a smart trader - he has diversified long time ago into other stocks or instruments....
     
    #13     Jun 12, 2024
  4. newwurldmn

    newwurldmn

    and made 30x his money in 2 years. Because it’s that easy with diversification
     
    #14     Jun 12, 2024
  5. newwurldmn

    newwurldmn

    What made your guy blow up is the reason he got to 100mm in the first place.

    it has nothing to do boasting. Ackman has to be vocal. In HLF he needed vendors and customers to walk away and for the FTC to come in. His miscalculation wasn’t his ego but the government wasn’t going to cowtow to a douchbag billionaire when the government already hadn’t done anything to HLF for 30 years.

    I believe roaring kitty believed in his cause. He believed in his movement and in GME. however I don’t believe he got all this money just from investing in stocks.
     
    #15     Jun 12, 2024
  6. Pekelo

    Pekelo

    I forgot about the 1 to 4 split, so this was pre-split. Thus after the split he had 800K stocks.
     
    #16     Jun 15, 2024
  7. Pekelo

    Pekelo

    "Put everything into one basket and watch that basket."

    I don't think he diversified. He probably bought a nice house and such, but no other stock...
     
    #17     Jun 15, 2024
  8. The film showed how lazy people lost a lot of money. Trading is the hardest easy money
     
    #18     Jun 16, 2024
  9. Pekelo

    Pekelo

    ghostclown17

    "Look, he tweeted a red reversal card in march of 2021. Maybe he reversed his position and went short and made money letting citadel do all the work. Now he’s posted the green reversal card and he’s long again.

    Three memes to consider: 1. From Drag Race: Drag Queen says “I don’t think I’m the villain.” Watch the emphasis of the text added by RK. He emphasizes “I’m the villain.” 2. Short scene from Succession: Man reading text on phone “RK is the villain.” 3. Scene from Split: The man with split personalities is blinking. no audio in the meme but if you look up the scene, while he’s blinking, his therapist is saying something like, “I don’t think you’re a bad person. I think what you did was necessary.”

    There are plenty of other memes (candy man, breaking bad, Batman (as Bane), a few good men, the shining, usual suspects, easy A) where RK apparently casts himself as villain or antihero.

    Edit: plus, as a bonus, he would be investigation proof. Are the dedicated shorts going to vilify him in the MSM for going short? They can’t raise the issue if he was making money (legally) off of their crimes."

     
    #19     Jun 16, 2024
  10. mervyn

    mervyn

    did he pay tax?
     
    #20     Jun 16, 2024