It was just a month ago when Keith Gill, better known as Roaring Kitty, started posting on his Twitter account giving some amateur investors hope that GameStop stock will skyrocket in value as it did in 2021. On Friday, Gill had his triumphant return to YouTube with a live broadcast that ultimately lasted only an hour and saw GameStop’s stock price continue to fall. On Monday, Gill showed how much this drop hurt his stock portfolio.
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On Reddit, Gill has been posting what he claims are screenshots of his trading account, which showed a profit of just over $380 million the day before its Friday broadcast. After the stock market closed on Monday, its profits were shown to have fallen to $31million. Keep in mind that these are all numbers on paper and things can fluctuate at any time, but it’s clear that Gill is going to show off his “diamond hands and hold on tight.
Gill tweeted a meme on Monday seemingly confirming his big losses.
It is still unclear what game Gill is playing. In late 2020 and early 2021, he broadcast for hours showcasing his extensive knowledge of the markets and the machinations surrounding a large amount of short selling by investors that led to the “Mother of all short squeezes” when GameStop’s stock price soared to nearly $500 per share.
His comeback has consisted of posting memes on his Twitter account, screenshots of his stock portfolio on Reddit, and a disappointing livestream on Friday. The broadcast lasted less than an hour and consisted of a few jokes and vague statements that he still likes the stock. All this while GameStop’s stock prices continued to fall.
GameStop shares ended at $24.83 Monday, which is a far cry from just under $65, was Thursday when news broke that Gill was going to have a live stream.
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