Despite GameStop’s recent volatility in the stock market, Keith Gill, also known as “DeepF——Value” on Reddit and “Roaring Kitty” on YouTube, has maintained his large position in the video game retailer. His portfolio remains unchanged, with 5 million shares of GameStop and 120,000 call options with a strike price of $20 that expire on June 21.
After sharing another screenshot of his holdings on Monday, Gill’s post on Reddit’s r/SuperStonk forum caused shares of GameStop to climb about 4% in extended trading. Despite concerns raised in a Wall Street Journal report about potential market manipulation and talks of banning him from the platform, Gill’s continued commitment to his position has garnered attention.
It is important to note that the information shared by Gill on Reddit could not be independently verified by CNBC. However, the impact of his posts and actions on social media platforms like Reddit cannot be ignored, as they continue to influence market movements and investor sentiment.
Even as the value of his common stock stake in GameStop surged to $140 million from $115.7 million in just one day, Gill did not sell his holdings. This demonstrates his unwavering belief in the company and his willingness to ride out the highs and lows of the stock market roller-coaster.
Keith Gill’s ongoing saga with GameStop serves as a stark reminder of the power of individual investors in shaping market dynamics. His boldness and conviction in the face of market scrutiny and volatility highlight the changing landscape of investing in the digital age. As the story continues to unfold, it will be interesting to see how Gill’s actions and the broader implications for the stock market play out in the weeks and months ahead.