It seems the periodic boom-and-bust cycle of meme stocks will not end as long as people like Keith Gill, who goes by the moniker Roaring Kitty on Reddit, are able to milk their massive following by repeatedly engineering short/gamma squeeze in GameStop and other retail-favorite names. For the benefit of those who might not be aware, Roaring Kitty had played a pivotal role in unleashing the meme stock mania of 2021 by predicting a massive short squeeze in GameStop’s shares at the time. The OG meme stock veteran also pocketed a sizable windfall from that saga, to the tune of around $30 million. […]
Read full article at https://wccftech.com/after-engineering-a-massive-short-squeeze-in-gamestop-in-may-roaring-kitty-reveals-a-180-million-position-in-the-meme-stock/
