April 18th, 2025
The Story So Far...
In 2019, Keith Gill revealed his confidence in GameStop ($GME), in a post
that he uploaded to the sub-Reddit, WallStreetBets, detailing his current
investment into GameStop, as well as his theory behind the stock itself.
Gill's more common name, 'Roaring Kitty', would earn him a place
among legends as he expertly anaylzed GameStop, created an enviornment of
diamond handed hodlers, and kicked-off the meme frenzy that is said
to have nearly disrupted the global financial system.
Meme Frenzy!
Investors from various walks of life would soon learn about Roaring Kitty,
following his advice into trades of their own, betting on a potential
short squeeze of the stock.
Anonymous accounts exploded in number posting their own theories
of the stock, sharing memes, and generating an enormous amount
of hype leading into 2020.
To The Moon!
Leading into 2020, the world would be shook with COVID-19, but behind-the-scenes,
trades were being executed, betting on the upwards explosion of GameStop as
they rallied behind Roaring Kitty with a blind frenzy of trust.
In January 2021, GameStop would actually see an insane jump of hundreds of dollars
due to hedge funds shorting the position, expecting a decline, but instead would
see a rocket ship upwards, leading to enormous losses on the side of hedge funds.
What's Next?
Although an enormous surge happened in 2021, many believe this was only the
beginning; the tip of the iceberg, which indiciates that the short squeeze
has not even seen its glory, although this is entirely speculation and
not financial advice.
Some made millions, while others lost fortunes, but in the end,
it's all a bet on a better tomorrow, and some investors believe
tomorrow is worth waiting for as they diamond hand their losses,
waiting for their day to sell at the top of the squeeze.