Keith Gill, also known as “Roaring Kitty,” made a long-awaited appearance on a livestream on his YouTube channel. Gill, who became a meme stock icon during the GameStop frenzy earlier this year, confirmed that he is behind the posts on his X and Reddit accounts. The livestream took place against the backdrop of Yahoo! Finance’s GameStop stock ticker page, with Gill sporting long hair, a bandage on his head, sunglasses, a sling, and a beer.
During the livestream, GameStop shares slid and were halted for volatility multiple times. Gill, who had been communicating solely through memes and gifs, confirmed that the screenshots he had shared on Reddit were of his own portfolio. He expressed his belief in GameStop’s transformation under CEO Ryan Cohen but cautioned traders to reach their own conclusions and not follow blindly.
In a surprising move, GameStop released its first quarter earnings early, showing a loss of $32.3 million, an improvement from the previous year. Despite the positive news, GameStop’s shares plummeted over 39% on Friday, marking its worst day since February. Gill revealed that he has not sold any of his 5 million shares or exercised his 120,000 call options, with his total GameStop holdings worth over $300 million, down $200 million after the stock’s losses.
Gill remains optimistic about GameStop’s future under Cohen’s leadership but emphasized the importance of investors making their own decisions. He acknowledged reports of E*Trade considering removing him from their platform, expressing concern about his account access each morning. Gill’s livestream lasted about 50 minutes, shorter than his previous sessions, and touched on his thoughts about GameStop’s future and the recent fluctuations in the stock’s price.
Overall, Gill’s return to social media has reignited interest in GameStop and led to significant volatility in the stock’s price. With his continued optimism about the company’s future and his substantial holdings in GameStop, Gill remains a key figure in the ongoing saga of meme stocks. Investors are advised to conduct their own research and make informed decisions rather than blindly following any one individual.
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