How This Redditor Made $46M With GameStop – And Sparked a Revolution Along the Way
The trader known as DeepFuckingValue on Reddit’s WallStreetBets forum has become the face of a movement standing up against Wall Street hedge funds.
Keith Gill is probably best known by his online pseudonyms,
on YouTube and
GameStop operated thousands of retail stores that bought and sold games and gaming equipment.
GameStop – The Next BlockBuster?
Keith embraced his role as a contrarian value investor and began posting monthly screenshots of his GameStop trading account.
Without getting into too much technical detail, shorting a stock involves “borrowing” shares of the stock and selling them in the hopes of buying them back.
The Short Squeeze
At the end of September, he owned 10,000 shares of GameStop stock and another 5,000 long call options worth over $1.3 million.
Keith Gill’s First $1 Million Net Worth in GameStop
By early January 2021, what started as a value play by one investor on WallStreetBets had become a rallying cry to millions of followers.
GameStop Reddit Mania
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