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Barely a month ago, Keith Gill, better known as Roaring Kitty, started posting on his Twitter account giving some amateur investors hope that GameStop's stock value would skyrocket as it has in 2021. On Friday, Gill had his triumphant return to YouTube with live broadcast it ultimately only lasted an hour and saw GameStop's stock price continue to decline. On Monday, Gill showed how much that decline has hurt his stock portfolio.
On Reddit, Gill posted what he claimed were screenshots of his trading account, which showed a gain of just over a year. $380 million the day before his Friday stream. After the stock market closed on Monday, its gains were shown to have fallen to $31 million. Keep in mind that these are all numbers on paper and things can fluctuate at any time, but it's clear that Gill is going to show off his “diamond hands” and hold onto the shares.
Gill tweeted a meme on Monday seemingly confirming his big losses.
It is still unclear what game Gill is playing. In late 2020 and early 2021, he broadcast for hours showing his extensive knowledge of the markets and the machinations surrounding a multitude of short sales by investors that led to the “The mother of all short films” when GameStop's stock price soared to nearly $500 per share.
His comeback included posting memes on his Twitter account, screenshots of his stock portfolio on Reddit and a disappointing live stream on Friday. The stream lasted less than an hour and consisted of a few jokes and vague assertions that he still liked the title. All this while GameStop's stock price continued to decline.
GameStop shares ended at $24.83 Monday, which is a far cry from just under $65, was Thursday when the news broke that Gill was going to have a live stream.