Reddit Trader DeepFuc*ingValue loses $19 million in 2 days as he holds on to Gamestop Stock

Sadly for Gill, after his account peaked in the middle of last week, it's all been downhill, and the money that took Gill over a year to accumulate he lost more than half in just two days

746

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.

Read:
GME surges 85% 'off the lows' after Robinhood lifts trading restrictions

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

The Shepard Ambellas Show is an all original fast-paced comedy, variety, news show where nearly everything goes. Shepard Ambellas is the founder and editor-in-chief of the popular independent news website Intellihub.com (news and politics). Bethany Adoni sits shotgun. The Shepard Ambellas Show airs LIVE weekdays (Mon-Fri) on the Shepard Ambellas YouTube channel from 5-7 pm Eastern/4C/2P. (CLICK HERE TO SUBSCRIBE) Turn notifications on immediately. The show is nationally syndicated on iHeart Radio. An archived version of the show is also available on Apple Podcasts, Spotify, Google Podcasts, Castbox, Deezer, Podcast Addict, Podchaser, JioSaavn, and Spreaker for you listening pleasure.
Advertisement