4th largest shareholder of GME: Roaring Kitty

[wxytrader]

Who gives a fcuk what is going on...just enjoy the insane volatility! We all know the GameStop train is running on meme steam...but who cares. Wallstreet are crooks who make money by cheating not by trading. Retail is beating them at their own game.

 

[Specterx]

What has me scratching my head is the stock is not only not crashing but is almost getting stronger the last few days. That cant be just kids on their iPhone and Robinhood account like it was in 2021. I mean it traded 107 million shares today for cripes sake. For a $29 stock! Gotta be some big players in there as well.

I’ve felt that the equity market has been getting “dumber” for a long time now, driven by automation, passive strategies, hordes of retail traders and other factors. The continued life in these worthless trash stocks is exhibit A.

 

[schizo]

If GME even made a small acquisition into a valid tech sector, I would begin to believe that something might be real about the company. But the fact that they dont seems to validate the musical chairs theory.

Even a very small acquisition like BigBear AI would change everything. Penny stocks always re-invent themselves as bubbles and fads change. And GME fits all the criteria of a penny stock. And most of these small AI companies are just waiting for penny type stonks bets hype show. Not sure why nothing is happening. Usually in a blind bubble like this...the related small and very small caps would be pumping hard by now. Even the real AI companies like Palantir and c3_ai still look like dead money.

It makes AI look as fake as GME

Oh c'mon, let us not play the naive card. We all know penny stocks are the natural choice for these swindlers because, well, they're easy to finagle--especially if you're the Pied Piper who have millions of stonk followers who know next to nothing about trading.

Roaring Kitty claims that he still sees great value in GME, but if that's the case why doesn't he simply buy and hold the stocks outright for the long term like Buffett and not dabble in and out of options? We'll just have to find out if he'll stick to his guns with those newly acquired stocks (I doubt it though).

 

[Pricechange]

Oh c'mon, let us not play the naive card. We all know penny stocks are the natural choice for these swindlers because, well, they're easy to finagle--especially if you're the Pied Piper who have millions of stonk followers who know next to nothing about trading.

Roaring Kitty claims that he still sees great value in GME, but if that's the case why doesn't he simply buy and hold the stocks outright for the long term like Buffett and not dabble in and out of options? We'll just have to find out if he'll stick to his guns with those newly acquired stocks (I doubt it though).

yea..i gotta stop trying to use logic and just enjoy the pumps and volatility.

 

[lime]

GME has $4bn cash, 426mn shares, $9/share, now trading at $28, so ex-cash $19 per share.
That can earn $200mn ($0.5/share) in treasury bonds. Who knows if they might use the cash for some random AI-related acquisitions which might pop the stock.

$20-30 seems more or less "right" given the hype and attention.

 

[Pekelo]

The ATM call premiums 1 month out are almost 8 bucks. He could sell CCs on all those shares, the stock goes sideways and he would make around 70 mm. Since he doesn't mind to own the stock, playing the wheel on it for a few months could make him a billionaire....

 

[taowave]

No doubt the move was huge,but i believe you said he had a huge position and lost 50 K..

Too lazy to look,but if the move was 400 points,that's basically a 1 lot....

Not exactly a huge position

I'm working off memory but I think he shorted it at $50-ish and it went to $400 in like 2 days. That's sounds pretty parabolic to me. The thread is probably archived somewhere but I'm too lazy to look it up.

 

[athlonmank8]

WTF is the difference? Anyway, if you remember, he was already loaded up on GME when he made that twitter post with him sitting up. What do you call that, if not cheating?

Who cares. How does it affect you? Don't look at it. Dont trade it. Simple.

 

[athlonmank8]

WTF is your problem?

What is yours? You need the government to fix a problem that doesnt impact you.

 

[wxytrader]

What has me scratching my head is the stock is not only not crashing but is almost getting stronger the last few days. That cant be just kids on their iPhone and Robinhood account like it was in 2021. I mean it traded 107 million shares today for cripes sake. For a $29 stock! Gotta be some big players in there as well.

600k viewed the Kitty live stream and they crashed the server for the shareholders meeting.

Let's look at the numbers:

10.80% of Shares Held by All Insider
25.44% of Shares Held by Institutions
28.52% of Float Held by Institutions

Float is 319.91M
That leaves about 71% of the float for retail. (240M shares)