Keith Gill, also known as “DeepF——Value” on Reddit and “Roaring Kitty” on YouTube, continues to hold a large position in GameStop, even after the stock’s recent rally. He posted a screenshot of his portfolio on Reddit’s r/SuperStonk forum, showing that he still owns 5 million shares of GameStop and 120,000 call options with a strike price of $20 that expire on June 21. This post could not be independently verified by CNBC, but GameStop’s stock price increased by 4% in extended trading following Gill’s latest update.
Despite GameStop’s volatile trading session on Monday, with the stock climbing 21% and hitting a high of 70% intraday, Gill maintained his position in the company. A report from the Wall Street Journal suggested that E-Trade, where Gill trades, is considering banning him from the platform due to concerns about potential market manipulation. However, Gill’s post showed that he did not sell any of his holdings even as the value of his common stock stake alone increased from $115.7 million to $140 million in just one day.
Gill’s actions have been closely watched by both retail investors and Wall Street as he became a key figure in the GameStop saga earlier this year. His decision to hold onto his GameStop position despite the stock’s wild ride shows his commitment to his investment thesis and his belief in the company’s potential for future growth. By sharing his portfolio updates on social media platforms like Reddit and YouTube, Gill has built a following of loyal supporters who are eager to see how his bets on GameStop will play out.
The controversy surrounding Gill’s trading activities, particularly his use of Reddit and YouTube to discuss his investments, has raised questions about the boundaries between retail investors and institutional players. Some critics have accused him of fueling market manipulation, while others see him as a champion of the little guy taking on Wall Street. Regardless of the opinions on Gill’s actions, his influence on the market and his ability to move stock prices have been undeniable in recent months.
As GameStop’s stock continues to be a focal point of the meme stock frenzy, with retail investors and online communities driving its price swings, Gill’s role in the ongoing saga is likely to remain in the spotlight. His steadfast commitment to GameStop and his willingness to openly share his investment decisions have made him a polarizing figure in the world of finance. Whether his bets on GameStop will ultimately pay off or not, Keith Gill’s impact on the market and the broader conversation around retail investing is undeniable.
With the future of GameStop and the meme stock phenomenon still uncertain, investors and market watchers will be closely monitoring Gill’s next moves and the potential implications for the broader market. As retail investors continue to play a more prominent role in shaping stock prices and challenging traditional Wall Street norms, the legacy of Keith Gill and his influence on the meme stock movement will be a topic of ongoing debate and discussion in the months to come.
