Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it’s 2021

[Bucky]

The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of thee quirky and volatile shares sharply higher Monday.

Keith Gill, better known as “Roaring Kitty,” posted an image Sunday on the social platform X of a man sitting forward in his chair, a meme used by gamers when things are getting serious.

Roaring Kitty is back and so are meme stocks. GameStop and AMC surge like it's 2021

The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of those stocks surging overnight.

apnews.com

Roaring Kitty is back!

He just posted about ten times on X today.

x.com

twitter.com

 

[slavablueberryjam]

Will this be your time to make millions or have Ken Griffin stunt your wealth accum?

 

[Bucky]

Will this be your time to make millions or have Ken Griffin stunt your wealth accum?

AMC stock is up 78% today and up 20% after hours.

 

[reflechissez]

AMC stock is up 78% today and up 20% after hours.

I was hoping you could do me a favor and look at GameStop stock today.

The stock is up 74% today.

Can you tell me why this happened? What is the fundamental reason (improvement in the business) for the stock's much higher trading today?

See? How great is it that @Bucky helped @Bucky? They are quite the supportive duo.

 

[Napoleon]

Orchestrating another pump and dump scam.

 

[dmpi]

Young man's game.

 

[slavablueberryjam]

Young man's game.

One should never stop attempting to make money. Regardless of their age.

 

[samiam5211]

One should never stop attempting to make money. Regardless of their age.

What a terrible way to go through life.

 

[slavablueberryjam]

What a terrible way to go through life.

You spent your childhood making imaginary adventures with friends or by yourself. You should spend your adulthood making money to enjoy all the world. Believe me, those luxury resort and the intercontinental are not cheap. First class? Not cheap. You need money. And you should spend the rest of your life making lot's of it or attempting to do so.

 

[samiam5211]

You spent your childhood making imaginary adventures with friends or by yourself. You should spend your adulthood making money to enjoy all the world. Believe me, those luxury resort and the intercontinental are not cheap. First class? Not cheap. You need money. And you should spend the rest of your life making lot's of it or attempting to do so.

Like I said, that is a terrible way to go through life.

 

[bomberfox]

Who? I watch a lot of letsplayers and ive never heard of this guy.

 

[zincwarrior]

Orchestrating another pump and dump scam.

Trump is jealous!

 

[slavablueberryjam]

Who? I watch a lot of letsplayers and ive never heard of this guy.

Some paramilitary figure being propped up by Mike.

 

[ataraxia]

You spent your childhood making imaginary adventures with friends or by yourself. You should spend your adulthood making money to enjoy all the world. Believe me, those luxury resort and the intercontinental are not cheap. First class? Not cheap. You need money. And you should spend the rest of your life making lot's of it or attempting to do so.

People can get so bogged down pursuing money as the means to the end, which is happiness, that they forget what the ends were in the first place. Studies show that after about $75,000/yr happiness levels plateau. Other things become far more important: family/friends/relationships, meaningful work, hobbies, volunteer/charity work, having time to be alone or meditate, read, grow intellectually and personally, etc, etc... You don't need that much money for most of those things. If you get too busy pursuing just money, you will often sacrifice much of those other things.

Luxury hotels/resorts/cruises can get pretty boring after 2-3 days. There is something to be said to packing light as you travel through life. You will likely see more things.

 

[Jredbaron96]

Who? I watch a lot of letsplayers and ive never heard of this guy.

Roaring Kitty was something of a minor streamer who worked as a consultant at a brokerage firm before the pandemic. He advocated a philosophy he got from an investment professor or something about finding ways to make money through small but aggressive stock purchases and stuff.

The reason Bucky is jumping for joy is because back before COVID-19 Keith theorized Gamestops stock was undervalued and investors could see a fashionable return on investment when the next generation of consoles and AAA releases, so when the whole GME thing came Keith made millions.

Of course when the GME apes starting going insane they elevated Keith to the position of prophet, hence why he stopped posting to Twitter for so long. Why hes posting again js anybodys guess, but just see how fanatic people have gotten over it.

 

[slavablueberryjam]

People can get so bogged down pursuing money as the means to the end, which is happiness, that they forget what the ends were in the first place. Studies show that after about $75,000/yr happiness levels plateau. Other things become far more important: family/friends/relationships, meaningful work, hobbies, volunteer/charity work, having time to be alone or meditate, read, grow intellectually and personally, etc, etc... You don't need that much money for most of those things. If you get too busy pursuing just money, you will often sacrifice much of those other things.

Luxury hotels/resorts/cruises can get pretty boring after 2-3 days. There is something to be said to packing light as you travel through life. You will likely see more things.

You have either never worked in life and are wealthy or you have never gotten to experience true luxury. That said, you don't spend more than 2 nights at a place before moving on. That's what I do. No, am not 'wealthy'. But you do need to make more than 75k a year to be happy. And is that 75k gross or net?

 

[ataraxia]

You have either never worked in life and are wealthy or you have never gotten to experience true luxury. That said, you don't spend more than 2 nights at a place before moving on. That's what I do. No, am not 'wealthy'. But you do need to make more than 75k a year to be happy. And is that 75k gross or net?

I have worked pretty hard throughout my life (perhaps a little harder than I really wanted to), have thankfully accumulated a fair amount of wealth (probably more than I know what to do with now), and gotten to experience true luxury- quite a bit. I still indulge in it occasionally. I hear you- it's OK. It can be fun.

But how much may be a matter of personal taste, I guess. I don't find going on big overseas trips more than once or twice a year to be that much fun. It can become too much if overdone. It's like oversalting or over-seasoning your food. Part of its specialness is it being special. I know people who have to travel all over the world for their work all the time, and they find it a big pain in the rear. It's nothing special after a while, and they hate the jet lag. Same for luxury hotels, resorts, or cruises.

I often find myself enjoying myself much more spending a quite day at the library exploring some particular topic I find fascinating, or hanging out with friends or family, or engaging with my favorite hobby. I am an amateur musician, and find the whole process of working hard and practicing and then seeing my skills improve very satisfying- much more than just lounging around on the deck of a ship all the time. I still work as well (still sometimes a little more than I sometimes care too- I am trying to moderate that as well). But work is like the bread or rice you have with your food. It gives me some structure in my life and is work I find intrinsically interesting. I also work with and teach young people who are trying to learn that trade, and I find that extraordinarily rewarding as well. They can keep you on your toes! Their eagerness, their curiousity, their questions, etc... keep me interested in my work, remaining curious, and learning new things about my field all the time. It's true that the best way to learn is to teach.

And I am still making more money that I know what to do with. What would I do with more money? Buy out congresspeople or something? No thanks.

 

[Bucky]

Roaring Kitty was something of a minor streamer who worked as a consultant at a brokerage firm before the pandemic. He advocated a philosophy he got from an investment professor or something about finding ways to make money through small but aggressive stock purchases and stuff.

The reason Bucky is jumping for joy is because back before COVID-19 Keith theorized Gamestops stock was undervalued and investors could see a fashionable return on investment when the next generation of consoles and AAA releases, so when the whole GME thing came Keith made millions.

Of course when the GME apes starting going insane they elevated Keith to the position of prophet, hence why he stopped posting to Twitter for so long. Why hes posting again js anybodys guess, but just see how fanatic people have gotten over it.

Gme up 40% today, 170% up the past week.

 

[Jredbaron96]

Gme up 40% today, 170% up the past week.

MOASS isn't real.

 

[Lord Tammerlain]

Orchestrating another pump and dump scam.

I believe the intent is to create a short squeeze situation where short sellers have to buy shares to cover their short position, which can further increasing the share price hurting shorts as well

All of which is perfectly fine as long as people know to cash out and not to hold long term.

Short selling is a very risky move

 

[Napoleon]

I believe the intent is to create a short squeeze situation where short sellers have to buy shares to cover their short position, which can further increasing the share price hurting shorts as well

All of which is perfectly fine as long as people know to cash out and not to hold long term.

Short selling is a very risky move

It’s not perfectly fine when the person giving the financial advice is also the one on the other end secretly shorting them. I guess Keith Gill already burned through the tens of millions he scammed out of the internet gullibles last time.

 

[Lord Tammerlain]

It’s not perfectly fine when the person giving the financial advice is also the one on the other end secretly shorting them. I guess Keith Gill already burned through the tens of millions he scammed out of the internet gullibles last time.

Keith Gill was likely shorting when the stocks were at a high, after the initial squeeze.

Anyone who bought and held GameSpot would be an idiot

 

[Napoleon]

Keith Gill was likely shorting when the stocks were at a high, after the initial squeeze.

Anyone who bought and held GameSpot would be an idiot

Keith Gill bought 100,000+ shares at its rock bottom price then went on the internet and convinced a bunch of gullible people that the stock was undervalued, artificially inflating the price, then sold it all at for $50 million at the expense of the people he was advising.

 

[Lord Tammerlain]

Keith Gill bought 100,000+ shares at its rock bottom price then went on the internet and convinced a bunch of gullible people that the stock was undervalued, artificially inflating the price, then sold it all at for $50 million at the expense of the people he was advising.

Anyone paying attention heard that the price was due to a short squeeze. When that was over the price would drop.

Without the shorts the price would not have gone up anywhere close to where it did.

 

[Bucky]

Keith Gill bought 100,000+ shares at its rock bottom price then went on the internet and convinced a bunch of gullible people that the stock was undervalued, artificially inflating the price, then sold it all at for $50 million at the expense of the people he was advising.

Is that illegal?