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Along with other social media users on the WallStreetBets subbredit, Gill helped catapult the stock to a split-adjusted intraday record of $120.75 in January 2021.
A GameStop store in a mall. In September 2019, Gill, under the username "u/DeepFuckingValue", posted on the subreddit r/wallstreetbets a screenshot of a trade consisting of a roughly $53,000 long position in GameStop; [7] Gill's Reddit posts and YouTube videos argued (through both fundamental and technical analysis) that the stock was undervalued. [3]
Gill was one of the main posters on the WallStreetBets subreddit — a thread where Reddit users can post on a particular topic — which drove eye-popping rises in GameStop’s stock in 2021.
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
In 2019, according to Investopedia, he joined Reddit and began posting on the popular investing community r/WallStreetBets. He shared his thoughts about GameStop on Reddit and YouTube, expressing ...
Interest in meme stocks started in 2020, [4] in what the U.S. Securities and Exchange Commission has called a "meme stock phenomenon". [12] The stock of American video game retailer GameStop has been one of the most popular meme stocks, [13] [14] with mass purchases of the stock leading to a short squeeze on GameStop in early 2021. [5]
GameStop was the most talked about stock on Reddit’s WallStreetBets by far on Monday, ... GameStop posted revenue of $1.79 billion for the fiscal fourth quarter, compared with $2.23 billion in ...
The book covers the events of the GameStop short squeeze, which saw the collapse of Melvin Capital as users of r/wallstreetbets and other retail traders initiated a short squeeze on stocks like GameStop, AMC and Bed, Bath & Beyond. It was published by Grand Central Publishing in the United States on September 7, 2021.