Keith Gill went live on YouTube today.
Keith Gill …
A.K.A. Roaring Kitty on X …
A.K.A. Deep Fu—ing Value on Reddit …
A.K.A the meme-stock lord that started the GameStop Corporation (NYSE: GME) frenzy in 2020.
He resurfaced on social media last month, May 2024 after a long hiatus. This is the blog post I made when his cryptic post on X caused GME to spike 270%* last month.
Since his return to the public image, meme-stock volatility has been off the charts.
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) was one of the most notable winners thanks to the meme momentum. It spiked 9,600%* the week after Gill resurfaced on social media.
And today, June 7, he held a much-anticipated livestream on YouTube …
In case you missed the action, I’m posting this blog as a comprehensive play by play.
GME Price Action
As you’re about to see in this blog, GME is allegedly Gill’s only position. Let’s take a look at the price action on GME leading up to his live stream today.
See the chart below, every candle represents one trading day:
GME spiked 230%* after Gill returned to social media. And there was a lot of volatility in the days before his livestream.
The stream was scheduled to start at 12 P.M. Eastern on June7.
And as we crept closer to noon, the chat room started to fill up.
There were 100k people waiting …
Then it climbed to 200k … 300k …
The maximum number of viewers surpassed 600k at one point.
Gill officially went live at 12:27 P.M. Eastern, he showed up late … Fashionably.
Dressed up in medical bandages and comically placed bandaids, Gill greeted the chat as if recovering from GME’s already poor performance on the day.
Take a look at the screenshot below:
Now, let’s take a look at the GME price action intraday surrounding the livestream.
Quite The Tease …
When Gill was late, the GME stock dropped.
When he finally showed up, the price rebounded.
But his stream was fairly lighthearted. It didn’t push any positions. Overall his manner could be described as innocently at the whim of the market.
The lack of an aggressive bullish sentiment likely caused the resulting slack of GME shares until he ended the stream, anticlimactically.
Take a look at the chart below, every candle represents one trading minute:
It wasn’t the bull catalyst that a lot of traders were hoping for.
But I definitely give him props for showing his trade positions live for half a million people to see.
That’s the way trading should be! I share ALL of my trades.
Take a look at the screenshot below that I took from his stream:
In case you can’t read the fuzzy numbers … He was down 42% on the day. An unrealized day’s loss of $237 million!
Leaving him with $145 million worth of unrealized GME stock and stock calls.
Where will he go from here?
Where will GME go?
Nobody knows, LOL. That’s why I’m SO glad that I follow a systematic process for profits.
My students and I target key price action and focus on short term gains*.
See my post on X below congratulating a student who knows the REAL process for profits:
Give MAJOR props to @thelaptoplegend who just locked in $80,000+ last night on $GME $AMC $FFIE from Italy as he’s timed his sleep schedule well to maximize his trading & he’s also become the MVP of our group eating the most out of any of us! Meanwhile I locked in +$2k on $FFIE… pic.twitter.com/OXZxIYCxFh
— Timothy Sykes (@timothysykes) June 7, 2024
On the other end of the spectrum … Keith Gill and his followers are at the whim of the market every single day.
If I was under that kind of stress, I’d age a whole year in one day!
You don’t have to follow traders like Gill, who have ZERO idea of what a real trading process looks like, LMAO.
There are better ways to take advantage of this profitable price action.
>> Join our livestreams to see REAL traders at work <<
And keep an eye on the market’s hottest meme stocks next week:
- GameStop Corporation (NYSE: GME)
- AMC Entertainment Holdings Inc. (NYSE: AMC)
- Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE)
This volatility isn’t over!
Cheers.
*Past performance does not indicate future results
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