Saturday, 8 June 2024

OK “Uncle”..Roaring Kitty to go live at the top of the hour

by BD Banks

“Uncle”….(I give up).

Roaring Kitty live stream is to go live at the top of the hour.

The stock of Gamestop is trading near $38. The high price reached $48 (it was higher in after-hours trading).The low prices and $32.03.

Gill, also known as DeepF——Value on Reddit, reappeared online after over three years since igniting the 2021 trading frenzy that affected short-selling hedge funds.

Recently, he posted screenshots of his E-trade portfolio, revealing his holdings of 5 million GameStop shares and 120,000 call options with a strike price of $20 a share (well in the morning), with a combined market value of at least $200 million. As of Thursday night, he retained these positions. If Gill exercises the call options, his stake could increase to 17 million shares, potentially worth over $1 billion if the stock price reaches its May high of $64.83 per share.

This article was written by Greg Michalowski at www.forexlive.com.

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