The Breakdown Roaring Kitty Roars Back, But Can the New Gamestop Madness Recapture the Magic?
Jun 5, 2024
In this podcast, Roaring Kitty discusses his nine-figure Gamestop play, sparking market disruptions. Topics include media responses, stock market chaos, SEC rules, cryptocurrency's role, investment strategies, market manipulation debates, regulatory challenges, trader controversies, and retail market implications.
AI Snips
Chapters
Transcript
Episode notes
Roaring Kitty Returns
- Roaring Kitty, also known as Keith Gill or Deep Effing Value, returned to social media after three years.
- He posted cryptic memes and movie clips, causing GameStop's value to triple in two days.
Initial Hype Fades
- The initial hype around Roaring Kitty's return faded quickly, with some accusing him of manipulating the market.
- Many believed the sequel to the 2021 GameStop saga failed to capture the same drama.
Gill Discloses Position & Market Glitch
- Gill disclosed a large GameStop position worth $100 million in stock and $65 million in call options.
- This fueled another short squeeze attempt, but a glitch in pricing software caused chaos in the market.