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GameStop stock soars after 'Roaring Kitty' reveals $175M bet

finance.yahoo.com

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Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#2

Post by paulpauper »

I am confused. I thought he had only $40 million after the stock peaked in 2021. Where did he get these extra funds, especially given that GameStop had fallen 80% from the 2021 peak?

https://markets.businessinsider.com/news/stocks/gamestop-sto...

Fast-forward to 2024 and he claims a net worth of $200 million at the time of the screenshot when GameStop was at $22 on Sunday. So presumably he would be worth $1 billion if GameStop were trading again at its 2021 highs.

Plus, he would have incurred a huge short-term capital gains tax bill from his 2021 profits, as he used options.

I suspect the whole thing is fake: either the screenshot is fabricated or he was loaned the money to hype the stock; the money is not his.

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#3

Post by ashconnor »

paulpauper wrote: post #2

I am confused. I thought he had only $40 million after the stock peaked in 2021. Where did he get these extra funds, especially given that GameStop had fallen 80% from the 2021 peak? https://markets.businessinsider.com/news/stocks/gamestop-sto... Fast-forward to 2024 and he claims a net worth of $200 million at the time of the screenshot when GameStop was at $22 on Sunday. So presumably he would be worth $1 billion i…

They're call options right? So this could be a leveraged play.

Edit: Looks like the position is 5,000,000 shares and 120,000 call options.

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#4

Post by desmond373 »

paulpauper wrote: post #2

I am confused. I thought he had only $40 million after the stock peaked in 2021. Where did he get these extra funds, especially given that GameStop had fallen 80% from the 2021 peak? https://markets.businessinsider.com/news/stocks/gamestop-sto... Fast-forward to 2024 and he claims a net worth of $200 million at the time of the screenshot when GameStop was at $22 on Sunday. So presumably he would be worth $1 billion i…

He also would of made a little money from movie deals and other trades that he may of made.

Its worth noting that a lot of the figures in the article are after the spike caused by his announcment, specificly the options position would be giving him a large boost.

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#6

Post by tempaway355751 »

JSDevOps wrote: post #5

How on earth isn’t this blatant stock manipulation at this point.

He's just posting his position, didn't say a word, its just a screenshot of a spreadsheet. The surge is happening because now everyone knows that (amazingly) he didn't cash out 4 years ago and instead increased his position x5

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#7

Post by Kirby64 »

ashconnor wrote: post #3
paulpauper wrote: post #2

I am confused. I thought he had only $40 million after the stock peaked in 2021. Where did he get these extra funds, especially given that GameStop had fallen 80% from the 2021 peak? https://markets.businessinsider.com/news/stocks/gamestop-sto... Fast-forward to 2024 and he claims a net worth of $200 million at the time of the screenshot when GameStop was at $22 on Sunday. So presumably he would be worth $1 billion i…

They're call options right? So this could be a leveraged play. Edit: Looks like the position is 5,000,000 shares and 120,000 call options.

Margin trades are different from options.

If you believe the screenshot he paid $175mil for the options and shares.

I’d agree with others, no clue where he got the money from. It’s definitely not his, unless he somehow made an additional $150mil from someone or somewhere.

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#8

Post by SlightlyLeftPad »

JSDevOps wrote: post #5

How on earth isn’t this blatant stock manipulation at this point.

Just as one example, given that Elon has blatantly lied about capabilities of Tesla to deliver promises. I think it’s adequately clear to everyone at this point that nobody cares.

Re: GameStop stock soars after 'Roaring Kitty' reveals $175M bet

#10

Post by maayank »

1oooqooq wrote: post #9

economists, educate me please. people buy shares, the company sells shares, pay the ceo and skeleton staff, and then what? how anyone make money on that besides pump and dump?

Board decides each quarter on behalf of the stockholders whether to pay dividends or reinvest profits to increase the potential of future dividends.
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