4th largest shareholder of GME: Roaring Kitty

Pekelo

Pekelo

He owns 9,001,000 shares, or 2.1% of the company now.

"OK, so he went the path of selling 2/3 of his calls (80k options) to exercise 1/3 of his calls to get 4 million shares. So in sum, he bought 4 million GME shares (currently worth about $120 million) for only $80 million with a cost basis of $24 million in cash + options premium.

TLDR: DFV spent ~$65 million to own what's currently worth $120 million GME (4 million shares). This is on top of his initial 5 million shares.

He almost spent some of his $30m cash position as well, about $24m. So he’s really “only” up around $60m from his original position on June 2."

https://www.reddit.com/r/path%3D%252Fr%252FSuperstonk%252Fcomments%252F1df8jno%252F
 
Pekelo said:
He owns 9,001,000 shares, or 2.1% of the company now.

"OK, so he went the path of selling 2/3 of his calls (80k options) to exercise 1/3 of his calls to get 4 million shares. So in sum, he bought 4 million GME shares (currently worth about $120 million) for only $80 million with a cost basis of $24 million in cash + options premium.

TLDR: DFV spent ~$65 million to own what's currently worth $120 million GME (4 million shares). This is on top of his initial 5 million shares.

He almost spent some of his $30m cash position as well, about $24m. So he’s really “only” up around $60m from his original position on June 2."

https://www.reddit.com/r/path%3D%252Fr%252FSuperstonk%252Fcomments%252F1df8jno%252F
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Hello Pekelo,

This is all a big scam.
 
lime said:
I fail consistently to make sense of who are trading the shares on the buy side in such gigantic volumes, given anyone including dumb money knows it is just a musical chair game.
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Who are trading the shares on the buy side in such gigantic volume?
And
Who are trading the shares on the sell side in such gigantic volume?


Simply Use the Greater Fool Theory.
Anyway, GME is one of the best stocks for trading.
That's why you can see many happy traders.



The advantage of Roaringkitty is that he has a great number of (gullible) followers.
He has created a great reputation and that is a priceless asset.
So he can manipulate the market (legally of course).
Now what is he going to do before the options expiry date?
 
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This dude is merely working up his army of stonks with his propaganda. He's no trader. He's a propaganda machine.

BTW is this even legal to do (ie. flashing screenshots everywhere)?
 
schizo said:
This dude is merely working up his army of stonks with his propaganda. He's no trader. He's a propaganda machine.

BTW is this even legal to do (ie. flashing screenshots everywhere)?
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Why not? Hedge funds are legally required to report their positions. Doesn't make sense that it would be illegal for him to report his positions. GME now has $5B in cash (about where its entire market cap was 3 weeks ago). I would not be shocked if they raised billions more out of this. Honestly, anybody shorting here seems pretty foolish. The upside is way larger than the downside in the near term.
 
kmgilroy89 said:
Honestly, anybody shorting here seems pretty foolish.
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Who was the guy on here who had a huge short position on GME (saltynuts?) back in 2021 when it first went parabolic and was down like 50 grand or something? I remember Destreisreirero was giving him a hard time about it. I guess the guy finally got margin called,blew up his account and washed out of the market.
 
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