GameStop (GME) is back in the spotlight after trader Keith Gill, known as 'Roaring Kitty' online, resurfaced with a post on X. Gill led the GameStop short...
. Gill led the GameStop short squeeze in 2021, and following his online comeback, shares of the video game retailer soared nearly 80%. Yahoo Finance Head of News"There is a very clear momentum when a certain person — in this case, Keith Gill , also known as Roaring Kitty — speaks about a certain stock, in this case, GameStop. There is an impulse to buy it because of what has happened in the past," Udland explains.
Well, II, I mean, there is some seriousness when it's, you know, trillions of dollars and all this and it's people's retirement, et cetera, et cetera.But the vast majority of that is spoken for in, you know, conservative time tested strategies all like an incredible amount of regulatory um you know, apparatus around that.The entire crypto market is basically this meme stocks are the equities version of it where I, I mean, it doesn't make like it actually makes complete sense.
In this case, gamestop, there is an impulse to buy it because of what has happened in the past and because pretty much everyone who's involved with this knows it's a joke, but it's also up 80% today.It's just money and just to be clear here, all of this was set off by a tweet that he tweeted.That is a picture presumably of him or of someone in a gaming chair leaning forward, leaning forward.
I think the more serious versions of it is, look at what we've seen with Chinese internet stocks over the last month.Look at what's happened with utilities over the last month they have ripped hire.You know, coming back to a more serious tone, uh, for people seeing mag seven goes up, that group has divided away.
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