"Retail Leader" Keith Gill will return to the platform for a livestream on Friday, June 7th, the first time in three years. Details of Friday's livestream also include a disclaimer, which was not present in Gill's previous livestreams.
According to YouTube posts from Google on Thursday, Keith Gill, also known as the leader of retail investors, will return to the platform for a live broadcast on Friday, June 7th, marking the first time in three years. This has once again triggered a surge in stock prices.$GameStop (GME.US)$The stock price surged during trading hours.
On Thursday afternoon US Eastern Time, GME stock price soared 50% during trading hours, finally closing up more than 47% at $46.55 per share, with significantly increased trading volume throughout the day. After-hours, Gamestop's stock price continued to rise, up more than 16%.
Gill's username on Reddit is DeepF-Value, and on YouTube and X it is Roaring Kitty.
Although Gill's video on YouTube did not reveal what he plans to discuss, his return this year and his recent disclosure of his GME positions have led to speculation that he is bullish on GME. The post showed the time - his live stream will start at 12pm US Eastern Time on Friday. The live stream main page also reads: I bet I can get you in.
The details of Friday's live stream also include a disclaimer that did not appear in Gill's previous live streams. The disclaimer states that it will be played at the beginning of the live stream, and includes legal jargon that explains that the video is based on personal views and warns that past performance is not indicative of future results.
The disclaimer reads:
This YouTube channel has no obligation to update or correct any information provided in these videos. In case of changes in statement or opinion, no alert will be given. This YouTube channel does not collect any compensation for expressed opinions.
A few minutes after Gill's YouTube post was published, more than 10,000 YouTube users expressed interest in receiving notifications when the live stream starts. There were hundreds of comments in the live chat. GME also became a hot topic in popular chat rooms such as StockTwits and the WallStreetBets forum on Reddit.
The frenzy of GME that began in May was almost entirely driven by Gill. Gill ignited the frenzy of meme stocks in 2021, becoming the top player in the retail circle, but then disappeared.
On May 13 of this year, Gill posted a meme picture on X, showing a person leaning forward seriously while playing games. This tweet, which seems to be blown up the battle horn again, quickly exceeded 18 million views on X. He then posted a few movie clips, all revolving around the return of the character.
Before that, his last tweet was in June 2021, when he posted a video of a cat sleeping.
Even his old rival, Citron founder Andrew Left, exclaimed about Gill's powerful influence, "He could easily be a hedge fund manager." The following chart shows the trend of GME's stock price in the past month:
A few days ago, Gill updated his positions on the Reddit platform for two consecutive days, just as he did during the retail short-selling battle in 2021. Screenshots showed that he bought 5 million shares of Gamestop at a price of $21.27 per share. In addition, he also bought 120,000 call options with a strike price of $20, which will expire on June 21st.
With Gill's comeback, his old rivals are back too, including Andrew Left, who announced that he will short GME again. "I shorted it when I saw him post," he said.
Duan Yongping also joined the fun, selling call options with a strike price of up to $100 for GME. The option will expire on January 17, 2025. After the operation, he also posted to indicate that the call is basically a certain profitable.
There are also reports that Morgan Stanley's brokerage E-Trade may take action against Gill and may consider banning him from using its platform for trading. Additionally, at least one securities regulator is currently investigating him for allegedly manipulating stocks.
Edited by Jeffrey