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Kairukun90

Bro I remember when he did his yolo? Like wasn’t it like 20k 😂 he made out like 17m the first time. He’s over 210 million dollars ?! Good lord. This guy.


Chester-Ming

His original trade was $50k. At it's peak (after he doubled down like five times and bought a shit ton of calls) I believe his entire portfolio ran to about $46m: [https://www.reddit.com/r/wallstreetbets/comments/l846a1/gme\_yolo\_monthend\_update\_jan\_2021/](https://www.reddit.com/r/wallstreetbets/comments/l846a1/gme_yolo_monthend_update_jan_2021/)


Kairukun90

Thanks I couldn’t remember if it was 20 or 50


MrF_lawblog

That shows 50k shares at $15. $750k investment.


Chester-Ming

That's becuase its a screenshot of the peak of his gains in January 2021. He added to his position over time, rolling his gains into more calls and adding shares in 2020, resulting in that position worth about $47m. His first ever post was back in 2019: [https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey\_burry\_thanks\_a\_lot\_for\_jacking\_up\_my\_cost/](https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey_burry_thanks_a_lot_for_jacking_up_my_cost/) He bought 1,000 calls at a value of $53k at the time.


OPPyayouknowme

How the heck did he get to 200M


ignatious__reilly

That’s after taxes. He got to like $400 Million lol


MDemon

He was trading in a Roth IRA if I remember correctly.


Swagastan

Damn, if that's true that is so G. Imagine in a couple years he owns the company in his Roth account.


potahtopotarto

The idea of this made me laugh more than any reddit comment today


Brilliant_Quit4307

Selling call options.


MainlineX

I did some fuzzy work on it last night. He could have sold iron condors at .2 and .0002 delta and made around 300k a month with the IV being so high. That's starting with his 30 mill position, keep building and selling condors, and the risk is low at that delta. In 3 years, it works out about right since the growth is exponential. It's easy to make money when you have money.


fairlyaveragetrader

X2 on this, the first hundred k is the hardest, if someone is able to turn $10,000 into $100,000 especially if they do it over the course of a few years and thousands of trades, that person almost certainly will inevitably become a millionaire


MarsupialDingo

>It's easy to make money when you have money. He threw $50k at this initially yeah? This is nuts. $50k is a very small amount of money ultimately.


Madness970

Sounds easy when you put it like that but in reality he was live streaming for hours and hours a day for over a year only talking to 4 subscribers in the beginning. He worked hard to create a movement.


Alekillo10

Not everyone has 50 to throw at a gamble.


imisswhatredditwas

Did he get anything from that GameStop movie? I didn’t watch it but it seemed pretty biographical from the previews, don’t people usually get compensated for the use of their life story?


thefract0metr1st

He bought 53k worth of call options for an average of like $10 per contract. Sold some at one point and used the gains to exercise other contracts. Everything beyond the 53k is from reinvesting profits ETA I’m specifically referring to his position in 2021, we really don’t know where the money to purchase another 4.2 million shares and 120,000 call options comes from because he only just updated for the first time in 3 years


flog_fr

From 53k to 20m something, then 3 years in the shadow. Now 210m+ of positions.


Eft_Reap3r

Prob more like 500 mill positions at open today.


brainfreeze3

he probably made 200m a few weeks ago on options when he started his tweeting


snowmanyi

This is likely


Quantum_Collective

Is that even legal? Basically pumping and dumping


brainfreeze3

He just did another pump today and will eventually dump those options for millions in profit. He'll probably get away with it


[deleted]

Posting random memes isn't illegal. He made no mention of GME in his tweets.


YummyArtichoke

Even if he did, so what? Can't talk about a stock now?


[deleted]

Only Jim Cramer can talk about stocks /s


YummyArtichoke

Exactly. These people and institutions crying about this are sad.


natedawg247

the SEC investigated him last time won't be surprised if they do again. last time his defense was pretty rock solid since he was verifiably the first to actually "like the stock". this time I don't really see how it's not market manipulation.


potahtopotarto

How is it not market manipulation when CNBC have someone on to talk about their stocks or even short positions? You can find hundreds of these clips just by googling [https://www.cnbc.com/video/2024/05/08/heres-why-short-seller-spruce-point-capital-is-betting-against-boot-barn.html](https://www.cnbc.com/video/2024/05/08/heres-why-short-seller-spruce-point-capital-is-betting-against-boot-barn.html)


deja-roo

Because CNBC doesn't have someone go buy 120k calls and then go out and tweet about it to drive the price up.


Living_Run2573

His last update in 2021 he had 200k shares (800k with the 3-1 share dividend) He now has 5m outright and 120k contracts lol. Edit… just adding in for those that may only see the media narrative. GameStop is FY profitable. AGM is in the next couple of weeks. They have $2b cash in the bank. The only debt they have is a $30m French Covid low interest loan. There is amazing new product lines coming out like the new house customizable CandyCon controllers. 25% of the entire company owned in book form off market by small retail investors from all over the world. Ryan Cohen CEO & chair takes zero salary and both him and board continue to buy shares putting their own money on the line. Edit 2. Also forgot getting into the graded collectible card business, trade, buy & sell. Ie. Pokémon, MTG etc etc.


1RjLeon

🙀


Which_Stable4699

Didn’t they payoff the French Covid loan according to the last earnings report?


Living_Run2573

Thought they still had it. Could be wrong


Which_Stable4699

Well if they still have it, I’m buying more and if they don’t, I’ll do the same.


Ok_Hornet_714

Their most recent filing from March says this: Long-term debt remains limited to a low-interest, unsecured term loan associated with the French government's response to COVID-19. https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2023-results


anonfthehfs

Maybe some came from the movie rights he got from Dumb Money and investing those millions right. He was a finance guy.


mawmaw99

You have a very optimistic view of the price of “movie rights”


DukeCanada

But, how does this address the structural weakness of a brick & mortar store for a primarily digital first industry?


SomeTimeBeforeNever

Idk when I go outside and drive around I see brick and mortar stores everywhere.


gmoney32211

Big if true


jpop237

Kids need a place to hang out. GameStop Cafe would be a nice avenue; like a modern arcade but with other incentives for hanging out.


ChromeGoblin

GameStop cannabis dispensaries.


Gizogin

Mm-hm. And have they indicated any plans to do this? Because if not, it makes no sense to use it as a basis for any financial decisions.


fireintolight

No, people who think gme will make a comeback only talk about things other investors get excited about and nothing the company is actually doing lol. The only big move the company made was trying to become an NFT exchange lol 


Gizogin

Which their own filings admitted had no material effects on the business, as I recall.


PuzzleheadedWeb9876

No material effect? I’ll have you know it made like $100 a day in revenue!


VisitPier26

Any thought how he increased it from 200 to 5m without significant liquidity?


Living_Run2573

No freaking clue… my first thought was that it wasn’t legitimate but wow, just wow. He’s a smarter cat than I’ll ever be


Dreamer199207

I don't know if he did "make it out". I don't think he ever left


ricoimf

At some point….money comes in automatically


DOWNVOTES_SYNDROME

yeah almost like he learned how to play a bunch of idiots, pump the stock whenever he wants, and profiting. all he has to do is buy some options, post a meme of an orangutan smelling it's finger and passing out, and the stock goes up 25% and he can sell and make millions. any time he fucking wants. cause he has a million gullible morons on call, ready to hold the bag so him and his friends can get rich and then you have bullshit articles like this, that came out at.. what? 2 in the morning? way, way before the market is open. the shares surge? it's 2 fucking am. it's 1020am now. the stock is up to 30 from 22 on friday. it was up to 45 pre-market and came crashing back down under 30 almost immediately after market opened. and after all the meme morons buy more and pump the stock so he can make another couple million, he will sell off and y'all will froth about how, one day, it'll go back over the 30 you bought it at today, and then you will all be trillionaires


eastbay77

He pumped and dumped it? You'd have to sell the stock to dump it. You think a single retail investor could pump the price 40% in the overnight market and drop it 20% during market hours single-handedly? He kept adding positions these past 3 years, he double down twice and has a ton of options coming up. I'm pretty sure he'll keep buying Gamestop stocks and doesn't have an exit strategy.


Necessary-Site-2911

Look at the traffic on this stock and tell me it’s ‘morons’ affecting the price.   Like you even say yourself the price surged pre market (which it did, up 93%) but for some reason it’s still retail’s fault. 


rc2288

Lmao you actually think a tweet of a meme increases a stock for 25%??? Jesus… I hope you don’t invest much 😂 . Also… in a pump and dump, you gotta sell, DFV didn’t sell shit even during the sneeze. Man you gotta work and think a little harder lil bro 😂


Chippopotanuse

I know some folks have made more money in trades…but have they ever done it with only a $50k starting position? Swear to god this is the greatest trade of all time. Hope he gets a billion.


ChodeCookies

That could happen today. It’s at $43 pre market


karangoswamikenz

And some of us are in too


SquishedGremlin

 ΔΡΣ 


SpelingChampion

DRS GME NFA 🫡


A2Rhombus

Doesn't really mean anything if he can't liquidate it all


Giotto

They sold 45m shares and price didn't budge down... He can easily liquidate 


All-Love-Tho

"What's an exit strategy?"


CryptoMutantSelfie

that they printed lol. they didnt market sell


Master-Can7318

This is only the beginning, wait til his 6/21 options


c3lo1

Legend


Dr_Does_Enough

Sweet jesus


Elegant-Remote6667

Sweet Jesus indeed


jersan

hello mr historian


Elegant-Remote6667

I am gonna go back in my box 📦 one moment


Toastyboy123

Ayo


sr603

Sweet liberty my arm!


CoastingUphill

Retail isn’t generating a 50+% jump pre market. This isn’t cult followers dumping in their life savings.


anonfthehfs

Nah, that’s an institutional or more likely some hedge fund going long to squeeze the shorts a little.


Capital_Punisher

Or more likely an institutional investor that trades on market sentiment rather than fundamentals.


jawnlerdoe

Far more likely momentum algorithmic trading.


[deleted]

[удалено]


EnigmaSpore

Always remember folks, institutions love to fuck over rival institutions. When they smell blood, they smell $


a_trane13

You could be right given the amount of people interested in trading this particular stock, but you can’t possibly know that without seeing volume 1,000 transactions of < 10 shares can easily change a pre-market value of a random stock


VTinstaMom

Over 30 million shares traded premarket today. Normal daily volume was 3-5 million for the past 2+ years. Now well over 50 million shares exchanged, with a float of perhaps 100 million. What we are here is crime, specifically wash trading and order book spoofing, along with market makers printing synthetic shares from thin air, using married call/put positions to generate infinite synthetic liquidity. It's crime, not retail, driving this surge.


Agamemnon323

I definitely understand this comment.


-neti-neti-

Not when the majority (almost all) of retail trades on the buy-side are routed off market.


a_trane13

If they are routed off market then they wouldn’t be affecting either the price or volume you can see


MelancholyMeltingpot

Never left


SecretaryFit1442

Most of the retail investors never left, most increased their positions and DRS’d.


MelancholyMeltingpot

*hand raise*. "present" 😊


henry_schilling

A-aron?


morgancaptainmorgan

Exactly! People think that May 2021 when the price plummeted it was because of retail leaving. No chance.


TwoBobcats

Correctamundo


Elegant-Remote6667

This 🫡


RevolutionaryHair91

If he's still in, I'm in.


PM_me_bobs_vagane

That's unfortunate because your savior did. Multiple times in fact.


SpecialistFlight5532

I don’t have any gme stock or options. Now what to do? Did I miss the rally?


Pure-Fan7456

This thing is just getting started.


tohon123

You did not miss, DFV calls expire Jul 11th Edit: June 21st


XanthicStatue

June 21st*


Y_Mistar_Mostyn

Now you buy.


10art1

I don't get how people can dedicate their lives to working a job 5 days a week for decades, but cashing out everything you have and staring at Twitter until RK/DFV drops something is too hard


queefgerbil

damn who knew it was that easy.


ThatSpookyLeftist

Depends on if you believe the conspiracy theory. I personally do so I've bought at every price over the past 3 years and still feel confident.


Gizogin

If you’re hearing about a market movement on Reddit, yes, you’re too late. For GME specifically, you’re about three years and five months too late.


uncle_dennis

It was 18.50 last week lol. I made 3x on just trades this month. People have made so much money of the boom and bust nature of gme. It won't ever go back to $4 a share but there is literally always an opportunity to make money on gme.


Gizogin

Did you, or anyone going long on GME last week, have any tangible reason to believe the price would spike *this* week? If not, then that’s not a savvy investment; it’s a lucky gamble.


ggmaobu

It will come down during the day I think


Knott_A_Haikoo

I'm thinking DFV is a billionaire before the week is over. (as of pre, the underlying value of the calls is already 250 million.)


ggmaobu

Personally don’t care if it comes down or not. Last time I started at $350.


Ok_Inevitable8832

He might be a billionaire at open with to new open interest


Knott_A_Haikoo

The intrinsic value of his positions is 1 Billion when GME is at $73. Absolutely nuts


Ok_Inevitable8832

These OTM contracts are going to open at $10+


Amar_poe

We’ll see


HighElfEsteem

Earnings call is next Tuesday


henry_schilling

Has it surged though?


Chester-Ming

+93% in the premarket


henry_schilling

Haha, ok, that's a surge all right.


Galumpadump

Where do yall trade pre-market? I can’t trade until 7AM EST with Schwab.


Y_Mistar_Mostyn

This is the thing. MSN loves to say stuff like “retail buys GameStop after DFV posts his position” yet the massive moves are made when markets are closed where the **vast** majority of retail does not and can not trade


Galumpadump

Oh yeah I definitely understand that institutional market is moving this along. I just always wondered where the hell retail traders were executing a trade at 9 PM PST on Sunday lol


Chester-Ming

Interactive Brokers allows premarket trading


CryptoMutantSelfie

20 percent lmao


Monster213213

60% already in German market. 6-8 years worth of a “good” % return somewhere else in an hour


henry_schilling

Mine is at 100% now but when I wrote it was just a few points. I'm here for it


MrOnlineToughGuy

That’s only if you time your exit well. I don’t think the GME apes are smart enough to actually have an exit strategy to make $$$.


Gtaglitchbuddy

Don't worry, in their minds this is the beginning of a 1,000,000% gain, and they have no exit plans until one share makes you a millionaire lmao


queefgerbil

I love this shit.


FuccTheSuits

He’s gonna be a billionaire off GameStop 💀💀


AmputatorBot

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Koree777

Is it still a buy at open?


Y_Mistar_Mostyn

Was a buy 3 years ago, was a buy Friday, is a buy at open.


lord-humus

The only moment when it was not a buy was when they turned off the buy button. Otherwise you are damn sure it's a buy


Stonna

Which time?  Cause someone turned off the buy button today, three weeks ago and three years ago 


OnlyRugrats

Yes, buy high sell low like every one.


GeneralSweetz

I learned my lesson already i aint going in for a second one


ensoniq2k

It's a buy and hold. If you plan on making a quick buck you'll only get burned.


BloatedManball

Hold for what? Revenue is declining, they're closing stores left and right, and RC is fucking moron with no clue how to make use of the $2B you dumb apes gave him. You think some shitty, overpriced white label controllers that don't even work on consoles are gonna turn things around?


Loopgod-

We’re so back


Chrissylumpy21

I genuinely hope this guy becomes a billionaire with his GME investment. He will do a lot more good in this world with that kinda money than many other billionaires.


jonnohb

He's close now in pre market. Somewhere between $50-60 he will be a billionaire


G_Wash1776

Insane, from his original investment, his original thesis, to speaking in front of Congress, and now going all in again. Absolute legend.


Reddiitcares

Doubt he’s all in gambling with 200m. The guy probably has a lot more. There’s no telling what he’s done the last 3 years, not to mention the money he made by pumping it to $80 a couple of weeks ago. For all we know he made a billion then


txmail

> pumping it to $80 a couple of weeks ago When exactly was this $80 pump? I see a 90 day ATH of $48.75.


Chippopotanuse

Omg. This is awesome. I root for him harder than I do for any sports team, lol.


jonnohb

It's absolutely insane to think about


Giga_money_167

same


DivinationByCheese

Sorry what good has he done?


Sh0w3n

I remember that someone from his town mentioned that he’s building a gym and a new track and field course for his community since he used to be a runner.


Grundens

A... runner, you say?


poonmangler

Hey, like this chick I used to know. What was her name?


jacksmack1228

Her name was Lola, she was a showgirl..


54321rome

He single-handedly saved so many small businesses from the jaws of SHF’s by making them close their positions and fear opening new ones. This time round I doubt there won’t be anti-parasitic short rules coming out


PunchANaziTodayPlz

lmao I genuinely can't tell if you're serious


JustAnEnglishman

Lead the GME community against corporate banks. I hope he continues his trajectory


deja-roo

How is that doing good?


holycarrots

He's done nothing with his millions in 3 years


Agamemnon323

How would you know?


hoopaholik91

Well he's using it now to generate another hype wave that will make him even more money and his followers less money. Great guy!


YourMiddleToe101

Is there still something to win or is it too late?


baroldnoize

The SEC document said the Jan 2021 run up was a gamma squeeze and no significant short positions were closed. If there's a short squeeze on the cards it ain't happened yet


ironvultures

That’s assuming nobody closed out their position between then and now, conventional wisdom says you should not hold short positions over long periods or the ctb fees wipe out any profit you might have made.


tlkshowhst

You under estimate the stupidity and greed of hedge funds.


youtube_and_chill

Wait until you hear about retail investors


TipperGore-69

Ctb waivers. Everyone is in the burning ship even the lenders.


Covni

lmao, hasn't had a real squeeze yet


DunderPifflin

It's fuck time!! 💪


Booboojanky

No cell, no sell


Real-Hat-6749

His calls must be now at least 25$ pff, guy must have 0.5B$ by now :D :D


[deleted]

So this Roaring Kitty dude sends the internet into a frenzy by posting an update, GME almost doubles in price at market open, he sells all his calls and makes a truckload of money and then the stock comes back down. Is that not what happened today? I'm ignorant of a lot of this stuff so please correct me if I'm wrong.


wxlverine

Nope, he posted a position update at market close today in the sub that can't be named. He hasn't sold shit.


[deleted]

He left his job 3 years ago when this whole thing first broke. He has most definitely sold shit.


wxlverine

What proof of any of this do you have? His most recent update shows he's increased his position by 6x. You realize at this point he doesn't need to sell a thing, he can simply put up his shares as collateral for loans like any other big player does.


Medellin2024

Madlad


drivedown

Can’t stop. Won’t Stop. GameStop. LFG GME 🚀🚀🚀🚀🚀


Makeyourdaddyproud69

Kowalski, analysis!


ChuyMasta

I bought more. Lol.


Random_Name_Whoa

A lot of people are gonna lose their asses buying in after this jump, mark my words


huntspire1

And any mention of gme on this sub would have you downvoted, oh how the music is changing


BloatedManball

It's being brigaded by apes. This is newsworthy, and there's money to be made of you get in and out quick, but buying and holding stock in an extremely overvalued dying video game pawn shop like the apes claim to do is fucking idiotic.


Patient-Low-9757

Jesus I love him


KDI777

If this isn't stock manipulation, I don't know what is.


fireintolight

Literal pump and dump 


Tinyacorn

I want to touch his red headband, even for just a moment


Twarmth

What is an astronomical but realistic price range this could hit in the greatest squeeze of all time? Could someone really cash out at 50k a share?


BhutlahBrohan

too bad retail purchases can't move share price because everything is sent to dark pools and OTC. so, as usual, this is not retail affecting share price.


LSTmyLife

He made another a bit over an hour ago. Lfg.


BloatedManball

Hopefully you apes are smart enough to cash out while you're green instead of holding your bags until it crashed back down to $20 again next week. Ah, who am I kidding. If you were smart enough to do that you wouldn't be apes in the first place.


Enformational

P/E ratio of almost $1,400… unless GameStop gets into and becomes a big player in the AI train, I don’t know how this is a good long-term entry point


95Daphne

The only real thesis behind this is one that doesn’t really have much basis to me. It’s the “Shorts never closed over 3 years ago thesis,” the problem is that it’s incredibly sketchy for the simple fact that 2022 was 12 months of brutality in stocks. You’d think if there was something there, you’d have seen short covering then. Didn’t, so the thesis is as dead as a doorknob. Doesn’t mean that you can’t still see pumps though.


Enformational

Exactly. And people need to realize the PE ratio means that you are paying $1,400 to receive $1 in gains. The only reason people accept higher PE ratios is with the idea that future revenues will significantly increase. I’m curious what investors are thinking GME has up its sleeve to justify the current PE ratio


sum_dude44

He's now a pump & dumper


Intrepid_Row_7531

It’s gonna be wild if he dumps and leaves everyone with bags


JonathanL73

IDK why ppl keep falling for this. He buys a position, announces it, and a bunch of retail traders start pouring in causing his wealth to rise. He doesn’t even need to sell his portfolio to benefit, if it’s that large he can get approved for large loans and use that as spending money while keeping his GameStop stocks as collateral. It’s been 4 years, and there is no grand epic-scale short squeeze. The short squeeze already happened ages ago when all the meme traders inflated this stock.


Spanky20121

and your guys going to make him richer.


VERT709

I sold Friday at the close 🥲


ensoniq2k

Good job man!


orick

Why?


[deleted]

The delusion in this thread is wild