Roaring Kitty discloses GameStop (GME) shares & options positions in YOLO update to r/Superstonk
Keith Gill has posted a YOLO update on r/Superstonk disclosing a $210 million portfolio made up entirely of GameStop shares and call options.
The GameStop saga continues. This evening investor Keith "Roaring Kitty" Gill provided a "GME YOLO Update" for June 2, 2024 in which he discloses that he owns 5 million shares of GameStop's common stock and 120,000 June 21, 2024 $20/share strike price call options. The portfolio screenshot indicates a total value of $210 million. Power to the players, indeed.
GME YOLO update – June 2 2024
byu/DeepFuckingValue inSuperstonk
Keith Gill's return to Twitter a few weeks ago has sparked some renewed interest in GameStop's stock, with a barrage of dank memes and videos capturing the hearts and minds of degenerate traders and long-term investors. Today's YOLO update is the first Reddit post from Gill (u/DeepFuckingValue) since his last post to r/wallstreetbets in April 2021.
— Roaring Kitty (@TheRoaringKitty) June 3, 2024
The Roaring Kitty account also tweeted out a picture of an Uno reverse card this evening. Something interesting to note about today's update is that it appears that Gill has added to his GameStop position over time and he currently still only owns one stock, despite what countless Internet shills have tried to lead the public to believe. Adjusted for the 4-to-1 stock split dividend, Gill would have 800,000 shares, but the 5,000,000 share position seems to indicate that he has probably been actively managing his portfolio during his three year absence from posting to the Internet.
Source: r/Superstonk
When we last heard from Keith Gill in 2021, his portfolio was valued at $34 million, and today it sits over $210 million. Eyes will be on the $65 million position in those June 21, 2024 $20/share strike call options that expire this month, so keep it locked on Shacknews for everything GameStop-related over the next month.
This article is only meant for educational purposes, and should not be taken as investment advice. Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information.
Full Disclosure:
At the time of this article, Shacknews primary shareholder Asif A. Khan, his family members, or his company Virtue LLC had the following positions:
Long GameStop via GME shares
Long GameStop via GME call options
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replyAsif Khan posted a new article, Roaring Kitty discloses GameStop (GME) shares & options positions in YOLO update to r/SuperStonk
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$210 million portfolio?
IN THIS ECONOMY?
HOW????-
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I have to know how he did it. I have a theory, but I need to know…
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It's way above my head but I'm sure it'd be interesting. BTW does one buy 5 million shares the same as buying 1000? I'm assuming you'd accumulate over time so not all at once but I've thought of this before if you could make a huge buy on a typical brokerage or if you'd have someone placing the orders for you to make it work.
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He has an etrade account, so I guess it wouldn't be that different to place the order, but there is some speculation that he took part in the secondary offering a few weeks ago.
https://www.shacknews.com/article/139999/gamestop-gme-secondary-45-million-shares
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Why now? Why a few weeks ago?
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That's just people guessing tho.
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Been covering this stock pretty closely for three years for a reason.
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Really an interesting position for the shorts to find themselves in.
FUCK EM
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72.54% up on Monday morning
https://i.imgur.com/LeEAGeJ.png
https://www.google.com/finance/quote/GME:NYSE?window=5D -
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his tweets should be market manipulation tbh. if he had that much riding on it
we like the stock only gets you so far, it’s obvious what him tweeting from a dormant account would do-
Is it okay and legal for fund managers to come on CNBC and tout their long/short positions?
Keith "The Roaring Kitty" Gill has 1.4 million followers on Twitter. r/Superstonk has less than 1 million subs.
CNBC has 5.2 million followers on Twitter and is an internationally broadcast TV station.
Why is it bad/worse when an individual does it on the Internet?
I am just genuinely curious why people react this way to him and this GME situation but not CNBC's parade of countless people talking their book.
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i dunno something doesnt sit right with me that he can tweet something and make 9 figs over night. if thats what cramer is doing on cnbc thats bad too but it feels more nefarious with DFV, especially this time around. if he truly believes in the short squeeze i guess its ok but i think its possible he just wants to pump and dump on reddit
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The guy went from $50,000 to over $210 million in four years. At no point (admittedly with a three year gap) did he indicate that he exited the GameStop position. Maybe we should let him cook before alleging a pump and dump scheme.
IMO we are dealing with an extremely talented trader, and he is disrupting a system that has been dominated by the elite and wealthy classes of American society. He has also inspired many people to learn about investing.
There may be no heroes in this story, but I assure you that there was far worse bad guys (Robinhood, Citadel, Citron, other short funds) than Keith Gill. FUCK EM.
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i dont like what cnbc does either tbh. i just think a lot of ppl are getting fooled by this gme stuff. sure a lot of ppl are making money but a lot of people will be left as bagholders too. DFV is transparent but hes also selling a short squeeze dream that probably wont happen
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Buying 12 million shares would make a hard-to-borrow stock go down?
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We don't. I never said he would. I was replying to someone who suggested that he would.
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he's likely to exercise some amount cause it's a giant amount of the float that he owns. At this point it's like watching hedge funds fight to bankrupt each other. His counterparty has to be able to come up with those shares to hedge his position which will force buying and jump the price of the shares even more. I doubt he has the capital to outright exercise it all, but I'm sure there's fucking whales involved that could fund him and liquidate some other hedge fund. Like this guy that's likely to get 100% fucked AGAIN.
https://finance.yahoo.com/news/andrew-left-burned-2021-meme-174305309.html?guccounter=1
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That makes sense.
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Is stock market handling ever taught in any kind of higher education? Or is it mostly self taught? Like I got decent grades in school and got a 2 year technical diploma but nobody along the way at anytime said "hey here is how the stock market works" is it because it's kind of like asking how to get good at blackjack?
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I'd say the closest thing to portfolio management taught in undergrad would be a combo of economics, finance, and accounting majors.
But no real portfolio management courses were taught when I was in college, so yeah, I taught myself.
Many of my colleagues got internships when they were in undergrad and those lead to jobs on Wall Street. -
nothing's ever taught, my dad started showing me when I was 14 and I feel like it's insanely rare
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in 3rd grade math we had a unit on the basics of stock markets. obviously not very deep at that age, but we got to pick stocks for our own mock portfolios and then track them manually (from stock quotes in the daily newspaper... this was a long time ago). we drew our own graphs on graph paper.
in the same class we also learned about ATMs (called a "Tyme machine" in our neck of the woods... this was a really long time ago) and checking accounts. they got someone from a local bank to print up fake Tyme cards for all the kids, and we learned how to reconcile the checking transaction register with bank statements. i'll never forget how cool it felt to have my own (fake) Tyme card. they were real cards, just with nothing programmed on the magnetic strip -
My wife got her MBA at a top school with a specialization in finance and when she graduated she said to me “they never taught us how the stock market works”, lol
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Anyone get Berkshire @ 180 today?
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Apparently Etrade might be thinking about kicking kitty off the platform.
https://www.msn.com/en-us/money/companies/e-trade-considers-kicking-meme-stock-leader-keith-gill-off-platform/ar-BB1nyPDF-
also sec is looking into it
"The Securities and Exchange Commission has also been reviewing trading in GameStop call options around the time of Gill’s social-media posts, according to people familiar with the agency’s efforts."
https://www.wsj.com/finance/regulation/e-trade-considers-kicking-meme-stock-leader-keith-gill-off-platform-f2003ec4?mod=hp_lead_pos1
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hes up to 290 million https://www.reddit.com/r/Superstonk/comments/1d7e4uh/gme_yolo_update_june_3_2024/
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