As someone speculated that Keith Gill, who had triggered the 2021 epic short squeeze, may currently hold a huge position in GameStop, the video game retailer has once again surged, with a night trading increase of 19.19%, closing at $27.58 as of the draft time. Gill's username on Reddit is DeepF...Value, and his usernames on YouTube and X are Roaring Kitty. He appeared again last Sunday night and posted a screenshot showing that his investment portfolio holds a large amount of GameStop common stock and call options. According to a snapshot of his account posted on the Reddit r/SuperStonk forum, as of the closing price on Friday, Gill held 5 million shares of GameStop stock worth $115.7 million. The account also shows that he holds 120,000 GameStop call options, with a strike price of $20 and expiring on June 21, with a purchase price of about $5.68 per option. GameStop's share price closed at $23.14 on Friday. Currently, foreign media has not independently verified the post. It is worth noting that although the username is the same person, he did not post on the Wall Street Bets chat room. More than three years ago, during the craziest time of GameStop, he had posted all trading updates there.$GameStop (GME.US)$The night trading surged 19.19%, closing at $27.58.
Gill's username on Reddit is DeepF...Value, and his usernames on YouTube and X are Roaring Kitty. He appeared again last Sunday night and posted a screenshot showing that his investment portfolio holds a large amount of GameStop common stock and call options.
According to a snapshot of his account posted on the Reddit r/SuperStonk forum, as of the closing price on Friday, Gill held 5 million shares of GameStop stock worth $115.7 million. The account also shows that he holds 120,000 GameStop call options, with a strike price of $20 and expiring on June 21, with a purchase price of about $5.68 per option. GameStop's share price closed at $23.14 on Friday.
Currently, foreign media has not independently verified the post. It is worth noting that although the username is the same person, he did not post on the Wall Street Bets chat room. More than three years ago, during the craziest time of GameStop, he had posted all trading updates there.
Around the same time on Sunday night, Gill posted a mysterious picture of a reverse card in the Uno game on X, which quickly gained nearly 30,000 likes.
Three weeks ago, Gill returned to social media for the first time, causing GameStop's amazing surge, which rose more than double in May alone. At that time, he just posted a picture of a person sitting forward on a chair, which was enough to trigger amateur traders' buying frenzy.
Gill used to be a marketer for Massachusetts Mutual Life Insurance. In 2021, he encouraged a group of retail traders on YouTube videos and Reddit posts to squeeze GameStop in a battle against Wall Street.
This behavior led to the margin call explosion of the clearinghouse and once went crazy to the point that brokerages including Robinhood had to restrict trading in the stock. This frenzy also sparked a series of congressional hearings, which focused on the practices of brokers and the gamification of retail trading. Gill also attended the hearing.
Currently, GameStop is still struggling to transform from buying video games in physical stores to online games, and investors are hoping that CEO Ryan Cohen can eventually reshape the company. In addition, during this period, GameStop raised more than $900 million by selling stocks during the hot surge in May.
Editor/new