‘Roaring Kitty’ Keith Gill’s first direct reference to the video game retailer sparks further gains
) soared in premarket trading on Wednesday, continuing this week’s rally which began after “Roaring Kitty” Keith Gill, a central figure behind the 2021 meme stock frenzy, resurfaced on social media.
His YouTube streams and a string of posts by Reddit username DeepF***ingValue, had helped attract a flood of retail cash into GameStop in 2021, burning hedge funds who had bet against the company. The posts hinted at Gill beginning to get back in action, although it was not immediately clear what he would do next. Gill did not respond to Reuters’ request for a comment.
“This is a trend driven by entertainment rather than company fundamentals.. stocks which rocket up on pure speculation, tend to drop back down to earth very quickly.”
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