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re: GME is going wild because Roaring Kitty posted a photo on X after 3 years of silence

Posted on 6/7/24 at 12:23 pm to
Posted by DVinBR
Member since Jan 2013
14738 posts
Posted on 6/7/24 at 12:23 pm to
im curious on the purchase date of his current positions vs when he started tweeting again
Posted by Hookah
Member since Nov 2023
349 posts
Posted on 6/7/24 at 12:23 pm to
quote:

He thought acting like a baked out of his mind hippy would be good for his position?


Why didn’t you ask him in the chat while you were watching?
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11677 posts
Posted on 6/7/24 at 12:25 pm to
Yeah, if you look at any given stock with a program, typically they buy more shares as the share price increases and stop buying as the price goes down
Posted by StonewallJack
Member since Apr 2008
855 posts
Posted on 6/7/24 at 12:31 pm to
Where is the video at?

Edit:


NM found it on youtube
This post was edited on 6/7/24 at 1:02 pm
Posted by Lsut81
Member since Jun 2005
82906 posts
Posted on 6/7/24 at 12:54 pm to
Can someone give me cliffnotes of the latest drama? I watched from the sidelines on the first run over electric boogaloo 2.

Did it come out Kitty actually owns a shite load of options and in a way is manipulating by posting again and making a killing?
Posted by Hookah
Member since Nov 2023
349 posts
Posted on 6/7/24 at 1:35 pm to
quote:

Can someone give me cliffnotes of the latest drama?


Stocks don’t only go up. In fact, and this may be surprising to some, they do indeed go down.
Posted by castorinho
13623 posts
Member since Nov 2010
84695 posts
Posted on 6/7/24 at 3:07 pm to
Posted by GhostOfFreedom
Member since Jan 2021
12925 posts
Posted on 6/7/24 at 9:18 pm to
quote:

NM found it on youtube


Make sure you pay attention to all the stock halts. The first was when he was pretending to be on life support and came alive after halt ended.

Then multiple ones when he mentioned showing his position.

The last one when he said he was ending the show and the he pointed out it out.

The manipulation is unreal and either algos or people hit those halts when he said key words or events. They were not based on any price action we could see. Some were during no price movement. So much for halts are to protect during volitility.

Anyway, Kitty showed he still has about 12 million shares in $20 dollar calls still ITM. Things are far from over.

Cheers!
Posted by GhostOfFreedom
Member since Jan 2021
12925 posts
Posted on 6/7/24 at 9:21 pm to
While I don't like it. I wanted more upward price pressure. GameStop is already sitting on 2 billion dollars. Nearly one billion from a couple of weeks ago. They may have an additional 3 billion after this ATM.

What are they planning with it?
Posted by lsuconnman
Baton rouge
Member since Feb 2007
3700 posts
Posted on 6/7/24 at 11:15 pm to
(no message)
This post was edited on 10/24/24 at 9:27 pm
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47405 posts
Posted on 6/8/24 at 8:21 am to
quote:

They already tried NFTs, so the only thing left is AI or crypto.


I mean NFTs are crypto securities.

Trendy is definitely AI, but maybe they take the AMC route. Enrich those running the company for as long as possible until bankruptcy
Posted by GhostOfFreedom
Member since Jan 2021
12925 posts
Posted on 6/8/24 at 11:02 am to
They will probably buy "PetRock" https://petrock.com/

Kitty joked about it during the stream and then everyone started posting picks like this.









Posted by Diseasefreeforall
Member since Oct 2012
6771 posts
Posted on 6/8/24 at 3:26 pm to
Will be interesting to see what happens with his options. He obviously bought them because he knew the stock would pump and now could be afraid to sell them due to the legal problems that could cause.

If he did take the positions because he is truly long on the stock then the obvious play would have been to sell a portion of his options when they were deep in the money last week and use the proceeds to exercise remaining options, essentially getting shares for free.

I keep seeing apes saying his plan is to exercise all of the options but that plan would cost him more per share than he paid for the commons so it makes no sense that it was his original plan.

So will he eat $68 million in option premiums an attempt to insulate himself from market manipulation charges. Seems crazy but we'll see.
This post was edited on 6/8/24 at 3:28 pm
Posted by Order88
Member since Sep 2010
61 posts
Posted on 6/9/24 at 8:48 am to
I don't post often, but you are right. He can't exercise all of them would cost $240m and he only has $30m cash (from his P/L post). The options play is a little odd to me because theta will deteriorate 50% / week as he gets closer and closer to expiration. Basically the premium will go to zero if he's still in the money and will expire worthless if out of the money. I'm pretty sure he is not gonna let them expire. The million dollar question, does he think it will still gamma squeeze even after they released earnings and the 75m offering ?

As for that 75m offering I don't think he saw that coming and frankly its chicken shite, I do see this happen with extremely low float stocks - a stock can be up 300 - 400% on some great news then an offering is announce middle of the day and the stock will tank to negative.

Finally with all the halts someone mentioned above, I was watching the level 2's before and during his live, from my perspective the halts were Limit Up - Limit Down (LULD) halts, they seemed pretty legit, it usually happens when a stock moves up 10% within 5 minute period. The 10% is not set in stone I think the exchange can set the price band range up / down, it seemed very very tight for GME on Friday. I was actually holding shares while in the halt right before his live started and made some bank when it spiked as his stream went live.

My guess is GME drops back to the low 20's and will be eating popcorn watching it unfold. FYI, I'm not a financial advisor or expert in this, I have made day trades both buying and selling short during this craziness and have to wonder if we will see more volatility this week.
Posted by GhostOfFreedom
Member since Jan 2021
12925 posts
Posted on 6/9/24 at 12:47 pm to
The 20 calls expire 6/21

He loves and keeps flashing UNO cards (reverse, wild, etc). Then someone on reddit dug up this meme he posted from 2021.



https://www.reddit.com/r/Superstonk/comments/1dbq6qb/i_found_something_crazy_in_an_old_dfv_tweet/


The cards: "His hand reads +2,1,W,6,+4 (21/6/24)" [Euro month day style for 2/21/24]
and a reverse uno and a wild card on the table.

Posted by slackster
Houston
Member since Mar 2009
90110 posts
Posted on 6/10/24 at 8:14 am to
quote:

The cards: "His hand reads +2,1,W,6,+4 (21/6/24)" [Euro month day style for 2/21/24] and a reverse uno and a wild card on the table.


Stop
Posted by slackster
Houston
Member since Mar 2009
90110 posts
Posted on 6/10/24 at 8:17 am to
quote:

The manipulation is unreal and either algos or people hit those halts when he said key words or events. They were not based on any price action we could see. Some were during no price movement. So much for halts are to protect during volitility.


Sigh.

They’re triggered by price movements. Outside of a halt pending an announcement from a company, which is rare, these are volatility halts and they’re always triggered by price movement. Just because you’re on dial-up doesn’t mean the price didn’t move the required amount in the required time.

Hell, most of the halts Friday stopped the stock from crashing even more.
Posted by DVinBR
Member since Jan 2013
14738 posts
Posted on 6/10/24 at 11:01 am to
i have a good feeling he's going to remain quiet and let things simmer, then start tweeting a bunch of memes or live stream again as June 21 starts closing in
Posted by kc8876
Member since May 2012
3459 posts
Posted on 6/10/24 at 5:21 pm to
quote:

They’re triggered by price movements. Outside of a halt pending an announcement from a company, which is rare, these are volatility halts and they’re always triggered by price movement. Just because you’re on dial-up doesn’t mean the price didn’t move the required amount in the required time.

Hell, most of the halts Friday stopped the stock from crashing even more.


Dude, don’t give this guy legitimate responses like he’s some normal person you’re discussing finance with. He’s an imbecile, just hop in and tell him he’s stupid every now and then for fun
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
28346 posts
Posted on 6/11/24 at 2:52 pm to
Will be interesting as GME is skyrocketing right now and most trading platforms are “down”.
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