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Apr 16, 2021
10:51:51pm
NavyCougar Contributor
For those who haven’t followed the GME saga, Keith Gill, AKA Roaring Kitty
Is a value investor and came to believe GME was a massively undervalued company in 2019, and started a $100k YOLO using mostly long call options while posting on Reddit and YouTube (shares were between $2 and $4 a share). He leveraged that initial investment to 50,000 shares and 1000 4/16 call options with a $12 strike mid January before the massive spike. Sold 500 call options between 180 and 350 a share, then was dragged before Congress when the shares crashed back to $40 a share and accused of pump and dump. Doubled down in the $40’s (bought another 50,000 shares).

That’s the background.
NavyCougar
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NavyCougar
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Dec 20, 2002
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Apr 25, 2024
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866 (21 FO)
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