Roaring Kitty returns
Roaring Kitty (AKA Keith Gill the meme stock trader) who had been absent for the past 3-years well at least on YouTube (YT). Kitty made a huge name for himself during the COVID lockdowns in '20. His authenticity quickly made him a household name during the frenetic meme phase of our global lockdown days.
Roaring Kitty resurfaced last week pounding the drum about GameStop (GME)
- Today Keith held his 1st Live Stream on YT and it went off the rails early and did not return
- He showed up 25-min late (to his own stream)? Was he turning away the Feds at his door?
- Admitted he is still a “believer” in GameStop Corp. and still betting on CEO Ryan Cohen
- Keith noted he is not trading on behalf of anyone nor is he trading for a Hedgefund. Keith has the background to handle this on his own!
Technical Analysis on GME
- Why would Keith place such a high premium on GME and in particular Ryan Cohen? Seems odd? Ryan has 2-week position in GME calls
- GME hit $60+ a share overnight and lost 40% of it going into market opening today, could be tied to terrible earnings and negative EPS reporting
- GME used high price to issue $45M in new shares - I smell dilution, clean up isle 7, clean up isle 7.
- Anyone else have TA this is going to turn out well?
Unwanted Attention
- E*Trade might take legal action against Keith for market manipulation and boot him off their platform. For showing his e-trade account? That's not illegal that is authenticity.
- Massachusetts regulator probes 'Roaring Kitty's' GameStop trades
- GME shares were halted during Roaring Kitty Live Stream
They say all publicity is good, well perhaps we are seeing a reason not to be so public!
Summary
Keith's authentic image from '20 seems to have taken quite the beating this week, is it all warranted? Probably not, but he put himself out there for the scrutiny. Would you do that IF you were in his shoes?
Credits - MarketWatch for the pics, no intent is implied for ownership, classification nor transference. All rights remain!
