Roaring Kitty

[dennisa]

Many comments here:
1) Maxine Waters not the best chairperson for this hearing. No way. Time to retire.
2) Not the sharpest tools in the shed in this committee. I expect more poor performance in the months and years ahead.
3) No numbers being touted at this hearing; everything was B.S. and hot air. Typical of this congress.
4) Vlad Tenev mentioned one great number......it was either one in 3 million or one in 30 million.....i.e. the chances of this pricing event happening again. He said it was a "black swan" event. He is right.
5) HOWEVER...These dumb shits in congress will NEVER figure out what started the event and how it grew so large.....and how one trader made 2 million in a few days.
6) Some of the comments from the Reddit traders during the hearing: absolutely neanderthal. Man are they stupid.

Those that short a stock to 150% of the float know the risks. If they were not hedged properly then its their fault for their losses or blown up accounts. DFV was speaking of a massive short squeeze for 18 months on Reddit. This was his theisis. Those hedgies and mm's made bank taking the house side on all of those options for months on end. They finally got burned. I see nothing wrong as reddit exploited a trading flaw.

 

[Pekelo]

He said it was a "black swan" event. He is right.

Not anymore. Naked over shorting still exists and the collective power of social media can easily create another one.

It would be funny to see what would happen if Roaring Kitty post another video analyzing/favoring another stock. My guess is that instant 30-50% jump the next day. If it is a cheap stock, easy 100%.

 

[guowei58]

WTF ? You guys must get conned all of the time !! If so, please get out of this businesss !
He's slick, he's shrewd, he's really smart. He set-up a scheme based on Wicker, a powerful encrypted, private, and temporary messsaging sight. He would would message them (his trading friends) to GO, GO, GO LONG....and his henchmen would pile into long options positions all at once. This would swamp market makers like like Citadel. They would have to react by selling GED call options and THEN covering with long equity GED positions....thus forcing the GED equity price ever higher. It was a sell-feeding mechanism. Beautifully architechted. Everyone is talking about shorts, but that was total B.S.. Misdirection....a classic fraud techniquue.
Wow, both SEC and ET Traders are going to so fooled by this ruse.

You sound like an idiot but I'm sure the SEC, RK and his lawyers are all combing over everything he did/say over the last few months...No doubt that GME was a collective pump and dump, but pinning it on him alone and proving it will be difficult unless he's got a repeated pattern of "pump and dumps".

 

[syswizard]

You sound like an idiot

Why do you have to so condescending and abusive ? Why is that such a pattern on this site ?

but I'm sure the SEC, RK and his lawyers are all combing over everything he did/say over the last few months...No doubt that GME was a collective pump and dump, but pinning it on him alone and proving it will be difficult unless he's got a repeated pattern of "pump and dumps".

First of all, he said in the hearing that he made his decisions on GME based on fundamentals ? What ? GME has horrible fundies as gaming is going streaming. This is like Redbox vs. Netflix.
Also, everyone knows that fundies are fairly worthless for short-term trades...that's a given.
So right off the bat, you can't believe anything he says.
They must audit his computer and cell phone and determine what apps and sites he's been using.
Then they must subpoena sites like Wickr for their messages for the period of end of January to mid February...
and then determine the links between the users there and Keith Gill.
Man, just looking at the photos indicates an attitude of "I'm a smack-off"
https://www.nytimes.com/live/2021/0...arket-today#keith-gill-roaringkitty-testimony
The hair band, the matching wrist bands, the tee shirts....this is just too much to take him seriously.

 

[guowei58]

Why do you have to so condescending and abusive ? Why is that such a pattern on this site ?

you literally called everyone a schmuck! But i apologize nonetheless for my name calling

 

[smallfil]

Those that short a stock to 150% of the float know the risks. If they were not hedged properly then its their fault for their losses or blown up accounts. DFV was speaking of a massive short squeeze for 18 months on Reddit. This was his theisis. Those hedgies and mm's made bank taking the house side on all of those options for months on end. They finally got burned. I see nothing wrong as reddit exploited a trading flaw.

They had the right idea which is shorting GME and AMC. Their big mistake and a big mistake considering Steven Cohen, a market wizard owns Point 72, other hedge fund is Citadel is they should not have borrowed the shares to short it. Risk to the upside is unlimited. What they should have done is simply buy put options to short those 2 stocks. That would have capped their losses to the cost of the premium of those puts and not a penny more. Worst for them is other hedge funds saw what was happening and drove share prices higher, before shorting it on the way down.

 

[smallfil]

Small traders from Reddit did not take those two hedge funds, Point 72 and Citadel monies. Other hedge funds took most that $13 billion they lost. If you still do not believe it, look at this.

https://www.breitbart.com/economy/2021/02/22/25-hedge-fund-managers-made-32-billion-in-pandemic/

 

[Pekelo]

based on fundamentals ? What ? GME has horrible fundies as gaming is going streaming.
Also, everyone knows that fundies are fairly worthless for short-term trades..

He didn't short term trade it, was in the position for 6 months. And you should listen to his reasoning in his first video so you would understand his view of fundamentals.(what may be different than yours)

You bitch an awfully lot about him not even knowing what was going on...

 

[syswizard]

You bitch an awfully lot about him not even knowing what was going on...

The problem is I don't believe a word he says. Looking at this chart, it was dead money for a while.
Then this crazy spike of 100x. What caused that spike ? Fundamentals do not explain it. Collusion would certainly explain it and that's my call. Time for jail Kitty.

 

[Pekelo]

The problem is I don't believe a word he says. Looking at this chart, it was dead money for a while.
Then this crazy spike of 100x. What caused that spike ?

It is called building momentum. Look up the price between August and December. It went from 4 to 20 with huge jigsaw action. It still took 4 months to go from 4 to 24, you just can't see it on your chart. People on reddit were slowly buying in. First a few, then a dozen then a few hundreds, etc. Probably some HFs covering on the way up. Nothing special about it. Then the price eventually went vertical when the short squeeze was too strong.


What is your conspiracy theory, I am curious? Whose side was he on? The people or the HFs? Oh I see on your chart, the letters CI and A.