@davesaddiction
short sellers got hosed LOL.
"The (Multi)Billion-Dollar Post
GameStop stock doubled early Monday after the trader who led the 2021 “meme stock” craze resurfaced this weekend, more than doubling the company’s value from $5.3B on Friday night to $11.2B Monday morning
Keith Gill, who goes by “Roaring Kitty” on X, led the 2021 movement to boost GameStop’s and other companies’ stocks, costing short-sellers billions. Then in June 2021, his accounts went silent – until Sunday
On Sunday at 8PM EST, Roaring Kitty shared a picture of a gamer sitting forward in his chair. GameStop’s stock proceeded to double Monday morning before ending the day up 75%, costing short-sellers $1B+. Fellow meme stock AMC ended the day up 78%
Dig Deeper
On Monday, Roaring Kitty posted a nearly one-minute-long video that featured Marvel villain Thanos saying, “Fine, I’ll do it myself”
In pre-market trading on Tuesday morning, GameStop and AMC stocks spiked again. As of 10 AM EST, GameStop was up 76%"
Roca News 5/13/2024