11/25/2023 0 Comments R wsb gme![]() ![]() When they aren’t throwing around offensive terms of endearment like “gay” and “retard,” they are encouraging each other to “go YOLO”-that is, wager their entire account balances on risky option plays. If those subreddits advocate investing like a boomer dad, then WallStreetBets is a swarm of rowdy bros playing out their wildest Wolf of Wall Street fantasies. Reddit has several groups (called subreddits and delineated with the prefix “r/”), such as r/investing and r/stockmarket, where retail investors can find the kind of sensible investment guidance you might receive from an Oppenheimer advisor: balanced portfolios filled with ETFs, S&P 500 index funds, blue-chip stocks, and the occasional hot stock tip. This tectonic shift began in March 2020, when a bunch of bored, homebound, mostly millennial dudes turned to Reddit to learn how to trade stock options. ![]() The fallout from the mass trolling effort continues-WallStreetBets is still hyping up meme stocks-and if current political trends hold, it will fundamentally change how the industry is regulated. And it is that, but it’s also, according to financial experts, a historic reshuffling of power in the world of finance, one that gave the middle classes the ability to challenge Big Money interests and allowed everyday guys like James to amass life-changing wealth. In the months since, the prevailing narrative to emerge about WallStreetBets is one of renegade trolls waging guerrilla warfare by betting big on “meme stocks,” like GameStop. The news primarily revolved around GameStop, the struggling video game retailer, and how WallStreetBets pumped its stock price to unprecedented heights, nearly bankrupting institutional investors who had shorted its stock in the process. Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information.This past January, WallStreetBets was the staging ground for a populist uprising against the financial establishment that took the stock market and media by storm. This article is only meant for educational purposes, and should not be taken as investment advice. What do you think of the massive run in GameStop's stock? Do you think the shorts are wrong? Will the GME board finally provide "Power to the Players"? Let us know in the Shacknews Chatty comments section below. Because the stock's day-to-day movements make very little sense, it appears that today's tweet by TheRoaringKitty has the stock up 10% on the day. GameStop's annual shareholder meeting is coming up this month, and it is viewed by many traders to be the next major catalyst for the stock. One thing no one knows is why Keith Gill decided to break his silence today. Today's tweet from Keith has some r/wallstreetbets posters hoping the mods will unban the daily GME Megathread, but many of them have moved on to other subreddits like r/SuperStonk and r/GME. We compiled a list of our favorite tweets from TheRoaringKitty awhile back. As of that last update, DFV owns 200,000 shares of GameStop (GME) which are currently valued close to $50 million. That date happened to be the day when he exercised his last call options position and even bought the stock around $150/share in the open market. Gill posted his last GME YOLO UPDATE to r/wallstreetbets all the way back on April 16, 2021, and he has been completely silent across all social media since. Here's another tweet that features a video clip of the Rorschach character from the film Watchmen saying, "None of you seem to understand, I'm not locked in here with you. It appears that Keith might be back on Twitter, as he has posted multiple times today to the social media platform. Keith "TheRoaringKitty" Gill, also known as u/DeepFuckingValue (DFV) on Reddit, broke his silence today with yet another cat video. We saw an influx of character parody accounts since the figurehead of the short squeeze went dark on social media. As the GameStop saga continues on Wall Street, many r/wallstreetbets users have taken to Twitter. ![]()
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