GameStop memelord returns, stonks spike, market panics — and all he has done so far is post a bunch of mid-memes

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GameStop memelord returns, stonks spike, market panics — and all he has done so far is post a bunch of mid-memes

In 2021/1, very strange things started to happen in the stock of GameStop, a once-beloved retailer.It looked like it was stuck in a brick-and-mortar store while customers were online for a long time. It spiked. And it continued to spike. The person who provides the definitive answer 'Why' would be a liar, but one major factor— and the rally point— is investor Keith Gill, known as Roaring Kitty, and the subreddit r/wallstreetbets

they called it a meme strain. It rose, rose, and then plummeted, almost incredibly defeating hedge fund Mervin Capital. Everyone was looking at this open mouth and wondering what the hell had happened. Don't even ask the roaring kitty, who was supposed to be ringing in Congress, "Even I understand these issues very little.""

Gill is playing his own game, one that many seem willing to follow him, and after three years of absence has now returned to the fray. Unfortunately, the cliche is even more exciting than the reality of Gill's existence so far, which has mostly been posting very intermediate memes. Really?

Nevertheless, this is essentially acting as the horn of Rohirim, for all those whose favorite word is "Stokes." The mere news that Gill has returned to social media after such a pause was made with teaser memes suggesting more, with GameStop shares instantly steeped

with GameStop shares surging in value over 100% on Monday and eventually closing slightly above月曜日1 per share (up 30%). It was a great experience. Gill's return was probably caused by the fact that the stock has recently been on an upward trend, rising in value by about 60% over the past few weeks. The change in the stock price was so extreme that at some point the trading was temporarily halted, leading to the usual conspiracy theories and resumed.

Shares in other so-called meme stocks, such as AMC, the movie chain, also saw an unusual surge in value of up to 120%. Blackberry rose 18%, Tupperware, yes Tupperware rose 24%. These are highs: These stocks have proven to be incredibly volatile and by the time you read this, they could be tanking.

That's because, no matter what Gill does, meme stocks are a terrible investment for the majority of small traders. The meme he first posted on Twitter shows a man leaning forward in his chair, usually used in the context of "shit is about to become reality."

It's Wall Street wolves have been here before, and they don't like this cat. Gill's return" seems to be the most likely suspect for today's renewed interest... But I will be careful not to characterize the participants of this phenomenon as investors," said Art Hogan of B Riley Wealth. "There is no fundamental change in any of the companies that are prevalent in this phenomenon.

Others simply cannot hide their contempt.

"It's gambling," said CNBC's fund manager Cole Smead. "You have to remember that these are young people, 40-year-old people like me, who go out and frankly do stupid things," he said.

As for Gill, he's not talking to major stores. But he continues to post memes: The latest, about an hour ago, features a grumpy looking cat with the text "morning affirmation" before the intonation of the narration:

"Be the one who will help you understand that today they sometimes, when you fuck, you will find.""

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