The savior in the hearts of retail investors, the "death warrant" in the eyes of institutions, and a loyal fan of GameStop, Keith Gill, the "Roaring Cat" who has always been ruthless and taciturn, published a record of increasing holdings of GameStop worth up to US$115.7 million on an online forum, which seems to indicate that a new round of harvesting operations against "air forces" has begun.
This huge bet of hundreds of millions of US dollars not only once again triggered a carnival among retail investors, nervousness among short sellers, and even attention from regulators, but more importantly, everyone suddenly realized that the former big brother now seemed to have become... the big boss?
Almost five years ago, Jill was just an ordinary employee of an insurance company, living a dull life like everyone else: "working only to get off work, and watching anime on Bilibili when he had nothing to do." Sometimes, he would trade cheap stocks, hoping to make some extra money while chatting with netizens on the Internet.
GameStop was one of the many cheap stocks he had traded in the past. According to Gill, the reason he was interested in GameStop at the time was simply because he felt that the next-generation game consoles to be released in the future (in 2019 at the time) might bring some new development opportunities to this bankrupt and delisted game retailer, and perhaps allow their then $5 stock price to rise slightly.
In fact, he didn't have such deep feelings for GameStop because he himself didn't play games much before.
However, it was such an ordinary stockholder, coupled with such an ordinary company, that created unexpected sparks - after the historic long-short duel three years ago, GameStop came back to life, with its share price back above $20, and Gill became a billionaire: his current net worth has exceeded $289 million. More importantly, after a few years, including the call options he bought last weekend that expired on June 21 and had an exercise price of $20, Gill will soon own more than 17 million shares of GameStop, which will make him the fourth largest shareholder of GameStop, second only to Vanguard, BlackRock and Ryan Cohen's RC Ventures.
This is truly the case of "becoming a major shareholder through stock speculation."
For many formal institutions, looking at the path of Gil's wealth appreciation in recent years, they can only shake their heads and describe it as "unreasonable": For example, Michael Khouw, co-founder and chief strategist of OpenInterest.PRO, said when talking about Gil's experience: "It is impossible for professional traders to make so much money in such a short period of time... However, the most successful players are indeed those with "abnormal brains", and only investors who are different from ordinary people will trade like (Gill)."
The next step: exceeding $1 billion?
However, judging from GameStop's recent performance, Gill's journey to create wealth is not over yet: in the past five days, GameStop has risen by more than 20%, and on Monday, the unrealized profits from stocks and options made Gill earn $78.6 million on that day.
Although the game operator's share price fell to US$26.5 yesterday, based on the 17 million shareholding, if Gill chooses to exercise the option, the value of his shares will be as high as US$450 million; and if based on May 14 Based on the recent high of $48.75, Gill's stock value could theoretically exceed $800 million.
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