After Keith Gil, known as the 'big brother leader' of American retail investors, posted a mysterious tweet, meme stocks such as GameStop surged on Thursday.
According to the Wisdom Financial APP, after Keith Gil, known as the 'big brother leader' of American retail investors, posted a mysterious tweet, GameStop (GME.US), one of the meme stocks, rose nearly 6% in the US stock market on Thursday, with an intraday surge of over 14%. Apart from GameStop, other meme stocks speculated by netizens also rose on Thursday.
Keith Gill, who once drove the 'retail investor versus Wall Street' battle and hyped GameStop's stock price, returned to social media in May this year, sparking a rally in a number of meme stocks including GameStop. For the past few months, Keith Gill has been posting a tweet every few days or months, which often triggers various fantasies among retail investors and drives up related meme stocks.
The latest tweet released by Keith Gill, known online as 'Roaring Kitty,' is the first tweet he has posted since September. It is reported that in this mysterious tweet, 'Roaring Kitty' posted a photo of the cover of Time magazine, with a blank computer screen showing a video player interface, displaying a video duration of 4 minutes and 20 seconds, with a playtime of 1 minute and 9 seconds.
'Roaring Kitty' himself did not provide any text explanation for this image, and netizens made various guesses about the meaning of this mysterious image. Some netizens speculated that the 1 minute and 9 seconds in the image represents the number 69, while 4 minutes and 20 seconds represents 420, suggesting targets for both AMC Entertainment and GameStop, the two hottest meme stocks. Data shows that AMC Entertainment also rose nearly 6% on Thursday, closing at $5.20; GameStop closed at $28.63 on Thursday.
Simultaneously, some netizens pointed out that the original image 'Roaring Kitty' posted is the cover of Time magazine's 'Person of the Year' issue from December 25, 2006, which selected 'You' - the general public - as the Person of the Year. As a result, the game engine development company Unity Software with stock symbol 'U' rose nearly 5% on Thursday, with an intraday increase of over 8%; while the airport security system operator Clear Secure with stock symbol 'YOU' fell over 1% on Thursday, dropping over 4% intraday.
It is worth mentioning that the most active options trading above $30 for GameStop's US stock on Friday. Chief Strategist Steve Sosnick of Interactive Brokers pointed out that this is a characteristic of GameStop's stock trading pattern - after the stock price rises, when the price stabilizes slightly or falls, 'Roaring Kitty' often appears on social media.
Art Hogan, market strategist at Riley Wealth Management, stated: 'The resurgence of meme stocks often accompanies the general resurgence of market enthusiasm and animal spirits. Whenever the market reaches or approaches historical highs, this particular speculative part of the stock market often reappears.'