I'm Keith Gill, the trader behind the 'Roaring Kitty' persona on YouTube and X, and 'DeepF——Value' on Reddit. After Monday's thrilling rally in GameStop's stock, I decided to share a new portfolio snapshot on Reddit's r/SuperStonk forum. The image showed that my holdings remained unchanged, with 5 million shares of GameStop and 120,000 call options with a $20 strike price and a June 21 expiration date.
Despite the significant increase in the value of my common stock stake, which surged from $115.7 million to $140 million in a single day, I didn't sell any shares. This decision fueled further speculation and excitement among investors, causing GameStop's shares to gain approximately 4% in extended trading.
Perspective
The comments section is filled with excitement and speculation about my decision to hold onto my GameStop stake. Many investors are praising my confidence in the stock and expressing their own optimism about its future performance. Some are also discussing the potential impact of E-Trade's reported consideration to ban me due to market manipulation concerns.
Data
- GameStop's Market Volatility: GameStop's stock has experienced significant price swings, driven in part by the actions and comments of individual investors like myself on social media platforms like Reddit.
- Influence of Social Media: Social media platforms have played a crucial role in shaping market sentiment and influencing stock prices, as seen in the case of GameStop.
- Market Manipulation Concerns: The reported consideration by E-Trade to ban me due to market manipulation concerns highlights the ongoing debate about the role of individual investors in shaping market trends.
Original Article: https://www.cnbc.com/2024/06/03/roaring-kitty-post-seems-to-show-trader-held-onto-giant-gamestop-stake-after-mondays-rally.html
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