"Shares of GameStop popped nearly 50% after Keith Gill, also known online as Roaring Kitty, announced plans to go live on YouTube for the first time in almost four years. Investors speculated the discussion would center on his massive bet on the brick-and-mortar video game retailer." Up 34% in the premarket. With a bit of quick math, his position is worth 1 billion USD if GME rises by 7 dollars from here to 69 dollars. If it's his money, that's insane. He started with USD 50,000 in a basement. Back in the day he bought the stock at $2 when it had 100% short interest, and there was still hope to turn the business around. Now, three and a half years later, GME this morning in the pre market is at USD 249 split adjusted (if my math is correct) with low short interest and a failed business model. When Buffett bought Chubb, it went up 3% the next week. Long-dated puts?
Are you planning to Long or Short long-dated puts? Many foolish gullible lazy investors will watch the live youtube. Anyway, Roaringkitty deserves to earn tons of money from those foolish gullible lazy investors.
There's no way this was all trading profits. I assume he was paid by Netflix for the documentary and various other things. But still. This is a huge amount of money.
The stock is not as shorted as before and it is already more expensive for a deteriorated business. I strongly doubt he can have anything solid to say as before. I think the stock will fall.
He created a money printing machine, he can take on a huge position, post about it and boom the price explodes. With options his returns can be massive.
It wasn't the podcast. It wasn't the earnings. It wasn't the shorts. It wasn't the offering. It was the TA.
He clearly is pumping with the cryptic pics and these r****** with the dot shots. It’s not a short so his hand cannot be forced. I hope someone leans on it enough for the calls to go off OTM. Cohen hasn’t raised yet? He will on the next pop to 40. DFV should have unveiled his size during the livestream. Not before. He could have worked the block OTC say five under listed and he could have seen $50-55. IMO we’ve seen the high for the year. The guy is barely lucid. Looks like a YMCA degen. If you were waiting for some deep knowledge here you obv didn’t get any (didn’t watch stream). His backer is not going to add, so they handled this pump incredibly poorly. It was too late to time the cover to the stream as the top occurred in the first 15 mins of the day. Probably touches 22 this week.