Earlier this week, one of the most notorious and popular WallStreetBets traders, best known by his alias DeepFuckingValue, by his YouTube username Roaring Kitty, and perhaps best known as the mastermind behind the Gamestop short squeeze, revealed himself to the world in concurrent articles from both Reuters and the WSJ (where he was also interviewed). His real name: Keith Patrick Gill, CFA, a title which the 34-year-old used while working in marketing for Mass Mutual, which he joined in 2019. The title then became worthless to Gill after he recently quit the life insurer to focus on just one thing: trading and spreading the gospel about Gamestop stock out of a basement of the home he rents in Wilmington, Mass… and boy was he successful.
Regular readers know the story: through frequent posts on Reddit’s WallStreetBets thread, Gill became the Pied Piper of GameStop, sharing screenshots of his portfolio which inspired thousands of amateur retail investors to follow him into the ailing retailer too, while orchestrating the biggest short squeeze ever.
Gill began sharing his bets with the group in September 2019, posting a portfolio screenshot indicating he had invested $53,000 in the company and had already netted a $46,000 profit. By last Wednesday, Gill was up over 4000% on stock and options investments in the company, with his GME position plus cash worth nearly $48 million (the value of his GME investments was $34 million), according to his Reddit posts.
Read more via ZeroHedge.com
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Author: Tyler Durden