Roaring Kitty live

[Maverick2608]

"Shares of GameStop popped nearly 50% after Keith Gill, also known online as Roaring Kitty, announced plans to go live on YouTube for the first time in almost four years. Investors speculated the discussion would center on his massive bet on the brick-and-mortar video game retailer."

Up 34% in the premarket. With a bit of quick math, his position is worth 1 billion USD if GME rises by 7 dollars from here to 69 dollars. If it's his money, that's insane. He started with USD 50,000 in a basement.

Back in the day he bought the stock at $2 when it had 100% short interest, and there was still hope to turn the business around. Now, three and a half years later, GME this morning in the pre market is at USD 249 split adjusted (if my math is correct) with low short interest and a failed business model. When Buffett bought Chubb, it went up 3% the next week.

Long-dated puts?

 

[maxinger]

Are you planning to Long or Short long-dated puts?


Many foolish gullible lazy investors will watch the live youtube.

Anyway, Roaringkitty deserves to earn tons of money from those
foolish gullible lazy investors.

 

[ZBZB]

Are you planning to Long or Short long-dated puts?


Many foolish gullible lazy investors will watch the live youtube.

Anyway, Roaringkitty deserves to earn tons of money from those
foolish gullible lazy investors.

How has Roaring Kitty made so much money from a $50,000 investment?

 

[athlonmank8]

There's no way this was all trading profits. I assume he was paid by Netflix for the documentary and various other things. But still. This is a huge amount of money.

 

[lime]

The stock is not as shorted as before and it is already more expensive for a deteriorated business. I strongly doubt he can have anything solid to say as before.

I think the stock will fall.

 

[p0box4]

How has Roaring Kitty made so much money from a $50,000 investment?

He created a money printing machine, he can take on a huge position, post about it and boom the price explodes.

With options his returns can be massive.

 

[SunTrader]

....

Back in the day he bought the stock at $2 when it had 100% short interest,.......

100% short interest, explain how is that even possible?

 

[ph1l]

100% short interest, explain how is that even possible?

Explanation:

A stock can have a short interest of 100% or more due to the mechanics of short selling. Here's how it works:

1. An investor (let's call them Investor A) owns shares of a stock.
2. Investor A's broker lends these shares to another investor (Investor B) who wants to short the stock.
3. Investor B sells these borrowed shares on the open market.
4. Another investor (Investor C) buys these shares from the market.
5. Now, Investor C's broker can also lend these shares to another investor (Investor D) who wants to short the stock.
6. This process can continue, leading to a situation where the number of shares sold short can exceed the number of shares available for trading¹²⁵.

This is why a stock can have a short interest over 100%. However, it's important to note that there are U.S. Securities and Exchange Commission regulations designed to prevent what's known as "naked" short selling, where the broker allows the customer to do a short-sale transaction without actually arranging to borrow the shares beforehand¹².

In the case of GameStop, for instance, it had short interest that exceeded 100% of its available shares¹². This was possible because the same shares were being lent out multiple times, leading to a situation where more shares were sold short than were available for trading¹²⁵. This is also known as a "short squeeze".

Please note that short selling involves significant risk and it's important to understand these risks before engaging in such activities.

Source: Conversation with Copilot, 6/7/2024
(1) Yes, a Stock Can Have Short Interest Over 100% -- Here's How. https://www.fool.com/investing/2021/01/28/yes-a-stock-can-have-short-interest-over-100-heres/.
(2) How a stock can have short interest over 100% - USA TODAY. https://www.usatoday.com/story/money/investing/2021/01/30/stock-short-interest-over-100/43363019/.
(3) What Is Short Interest? Definition & Importance in Trading. https://www.thestreet.com/dictionary/short-interest.
(4) What Is the Short Interest Ratio? A Critical Indicator for Traders. https://www.thestockdork.com/what-is-the-short-interest-ratio/.
(5) How Short Selling Works | Nasdaq. https://www.nasdaq.com/articles/how-short-selling-works-2021-02-04.

 

[wxytrader]

"Shares of GameStop popped nearly 50% after Keith Gill, also known online as Roaring Kitty, announced plans to go live on YouTube for the first time in almost four years. Investors speculated the discussion would center on his massive bet on the brick-and-mortar video game retailer."

Up 34% in the premarket. With a bit of quick math, his position is worth 1 billion USD if GME rises by 7 dollars from here to 69 dollars. If it's his money, that's insane. He started with USD 50,000 in a basement.

Back in the day he bought the stock at $2 when it had 100% short interest, and there was still hope to turn the business around. Now, three and a half years later, GME this morning in the pre market is at USD 249 split adjusted (if my math is correct) with low short interest and a failed business model. When Buffett bought Chubb, it went up 3% the next week.

Long-dated puts?

It wasn't the podcast. It wasn't the earnings. It wasn't the shorts. It wasn't the offering. It was the TA.

 

[poopy]

He clearly is pumping with the cryptic pics and these r****** with the dot shots. It’s not a short so his hand cannot be forced. I hope someone leans on it enough for the calls to go off OTM. Cohen hasn’t raised yet? He will on the next pop to 40.

DFV should have unveiled his size during the livestream. Not before. He could have worked the block OTC say five under listed and he could have seen $50-55. IMO we’ve seen the high for the year.

The guy is barely lucid. Looks like a YMCA degen. If you were waiting for some deep knowledge here you obv didn’t get any (didn’t watch stream).

His backer is not going to add, so they handled this pump incredibly poorly. It was too late to time the cover to the stream as the top occurred in the first 15 mins of the day. Probably touches 22 this week.