The man behind Gamestop’s infamous short squeeze in 2021 is back… And no one knows what he’s planning. Keith Gill AKA Roaring Kitty has become a master of the meme stock and is infamous across the trading world for sparking the frenzy…
Not to mention they DID make a movie about him.
But not many people know how he got started or how he came to influence thousands of traders…
Here’s the story of the man behind the feline moniker…
And how he took over Wall Street.
The Rise Of Roaring Kitty
Born in 1986, Keith Gill graduated from Stonehill College in 2009 with a business degree…
And eventually became a financial analyst and licensed securities broker.
He worked at MassMutual before leaving in 2021…
IN 2020, GILL BEGAN GROWING HIS ONLINE PRESENCE, ADOPTING THE NAME ROARING KITTY FOR HIS YOUTUBE CHANNEL.
His YouTube page was dedicated to making videos about the stock market. Here, he revealed that he had bought shares in Gamestop because he thought the company was seriously undervalued.
He made the same argument in Reddit forums, where he took the name DeepF–Value. Here, Gill built the audience that would eventually turn the stock market upside down.
Before he was a major player in stocks, Roaring Kitty revealed that in 2019 he had invested $53,000 into Gamestop stock…
THIS INVESTMENT EVENTUALLY SOARED TO A WHOPPING $48 MILLION THANKS TO THE SHORT SQUEEZE GILL AND HIS AUDIENCE SPARKED.
The short squeeze came about thanks to Roaring Kitty’s audience of new and eager investors.
In 2020, when the world was locked down, armed with stimulus checks and time to spare…
New day traders were itching to learn how to use no-fee brokerage apps and create passive income.
Once the community had been established, traders would egg each other on in YouTube comments and in the Reddit forum r/Wallstreetbets.
Once Gamestop’s stock took off, reaching a pre-market value of over $500 per share, other companies got a similar treatment. These became known as Meme Stocks. Some other examples include:
- Bed Bath And Beyond
- AMC Theatres
- BlackBerry
Meme Stocks usually have some nostalgic quality behind them, but in the end, this kind of trading tends to be incredibly risky…
But can make certain traders, including Roaring Kitty, filthy rich.
The Comeback
After the initial short squeeze, it was estimated that Roaring Kitty had a net worth of at least $400 million.
But after the event that made him a multimillionaire…
WHEN THE WORLD NEEDED HIM MOST, KEITH GILL VANISHED.
It was only after a three-year hiatus that Roaring Kitty started posting again, but this time he decided to post in the most cryptic way possible…
He began by posing an image of a gamer “locking in” on his X (formerly known as Twitter) account, following this with clips from movies and TV shows.
Regardless, traders took to Gamestop stock causing it to surge once more, with shares closing 21% higher than opening.
And it’s not just Gamestop that Roaring Kitty is sinking his claws into…
Gill also revealed that he owns over nine million shares, worth $245 million, in Chewy stock. His army of loyal traders soon followed suit, causing shares to open 9% higher than the previous day.
AT THIS POINT, NO ONE BUT ROARING KITTY KNOWS WHAT HE’S DOING.
But being the king of meme stocks doesn’t come easy. This level of notoriety comes with many prying eyes…
Most notably, Wall Street and the Feds.
Regulatory Scrutiny
Throughout his tenure as a stock influencer, Roaring Kitty has had many critics find fault with and attack his actions.
In the aftermath of the 2021 short squeeze, for example, Keith Gill was asked to testify in front of Congress in a hearing called…
“Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.”
DURING THE HEARING, GILL HAD TO CONFIRM “A FEW THINGS I AM NOT: I AM NOT A CAT. I AM NOT AN INSTITUTIONAL INVESTOR, NOR AM I A HEDGE FUND.”
Beyond the hearing, Roaring Kitty also faced a class action lawsuit issued by a collective of hedge funds…
Alleging he misrepresented himself as an amateur investor…
And manipulated the market in a “Pump and Dump” scheme.
Since then, the lawsuit has mysteriously been dropped.
A large part of the scrutiny comes from the fact that Roaring Kitty is still a mysterious figure to many. Besides his unwavering confidence in Gamestop stock, no one really knows what compelled him to take such huge risks in trading…
Much of his base is motivated by a desire to punish Wall Street and greedy hedge funds, a position Gill himself has denied.
Currently, Roaring Kitty is being investigated by the SEC and The Massachusetts Security Division for potential market manipulation. Morgan Stanley’s trading platform is considering kicking him off the platform…
But insofar, no one is stopping Roaring Kitty from making his mark on the stock market.
Roaring Kitty’s Loud Mark
The odds might be against him…
But it’s clear Keith Gill has used his knowledge and base to take over Wall Street…
And become king of the concrete jungle.
Be Great,
GCTV Staff
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