@@jordibt1789 Well, I was under 18 the first time, and there was no way I was going to be able to convince my milleniall parents to buy the stocks based on the meme
I think even dfv would agree that the stock literally halting downwards when he says he's ending stream is beyond asinine in a market that claims to be about supply and demand. Nevermind the volume on the day is more than is available to trade on the stock even after dilutions is also wild.
It could legit buy Gamestop years of time to find another way to fix their company (they were on track for bankruptcy, and still are because it's a dogshit business, but now they have more cash to burn)
@@ReadThisOnly Ya I watched the video I just mean like billionaire compared to millionaire. Big A's right this guy is gonna get called but Elon never will
No because that damaged Wario's and SNL's reputation in addition to Elon's and lowering meme stocks. With this I don't see the reputation of kitties/cats in general being hurt.
that was insanely painful to watch. imagine losing that much money in a DAY. i think id sell and just escape somewhere and live off the millions he still had
To be fair I'm pretty sure he started with $50,000 before GME skyrocketed a while back, he's still got a very long way to go to lose it all. Not saying he can't of course, but he's got a pretty large cushion. Even if he only ends up making a couple mil he's nearly set for life
@@KontrolYT he used to work in a hedge fund, 50k wasn't his life savings, just his initial gamble, he paid for his house and everything else normally before gme
@@ItsGamein Incorrect. He worked at Mass Mutual as an analyst. 50k was not his life savings, but it was a solid chunk of money for what seemed to be a stupid bet. He also rented his house before GME, he has said so in prior livestreams. Assuming he liquidates everything (which he really should) he will still clear well beyond what he initially earned.
He did make the magic happen and still is over $100M+ in the green on the position. And calling it magic shows that there's a shit ton of people who have no idea why he opened the position or the price went up afterwards...
@ProAssassinII He did it for no legitimate reasons. He's pumping the stock of a terrible company that'll be out of business in a few years. And he's gonna dump it and make tons off of idiots. A classic scam.
@@ProAssassinII Gamblers have systems. The information you think showed it was logical analysis last time had very little to do with the outcome that now retroactively validates the system/"analysis" for you.
@@Luminousreign there's plenty of information out there right now/a month ago that shows a setup for what happened, what are you talking about? there was enough vol shorts on the options chain that didn't really hedge those positions to squeeze them out, which is exactly what happened.
Imagine believing in a giant conspiracy where everyone in the world is against you, the Government, the regulators, all financial institutions... But that they'd definitely have to buy shares back "because that's the rule" 😂 Like they'll break every law apart from not paying back infinite amounts per share if people hold
Bro it’s funny and sad as fuck at the same time because we all know people like this. People are losing their savings over bullshit like FUD and conspiracies. But also, don’t put your live savings in Gamestop smfh….
yeah lmao usually i agree that i prefer vods but that guys stream was literally just painful to listen to. can't imagine actually having money on the line and hearing that bozo ramble about nothing and try the most obvious market manipulation in history for over an hour..lmao
The contrast is so crazy. In his old videos he made some jokes and memes, but they were always there to make actual analysis more palatable and entertaining. Now that it's just a pump and dump, the memes and jokes just come across as so sketchy and shady.
I feel like the Legend died. Before this ridiculous show I low key thought that Gill just out smarted a lot of people. Now he looks like a greedy fool.
It was fun to root for this guy as the man who won by pure chance and left as everything got culty. But guess now he's trying to cause a rally and is probably gonna put a lot more people into debt, so there goes the one person I found at all respectable in the Gamestop saga :/
This was like that scene in the Lego Movie where Emmet tries to give everyone a motivational speech but just waffles about how bad of a leader he is only to be interrupted by Lord Business.
DFV only got away the first time because the U.S. Government saw what happened with the original GME rally as an abberation, and even back then they still hauled him in front of the SEC to answer questions. He should have made the smart decision and rode off into the sunset, but I guess he decided one near-miss with regulators wasn't enough, and came back hoping to make lightning strike twice. I'm confident he's cooked if the SEC decides to pursue legal action again.
There were news outlets talking about this stream. He had literal HUNDREDS OF MILLIONS of dollars on the line. How on earth do you come out this completely unprepared?
How can someone be this greedy?!?! You have hundreds of millions in the bank if you were to just cash out and you want more? It's an amount of money you could live off of more than comfortably for the rest of your life and have millions to give to your children and grand children. What is wrong with this guy?
Honestly, huge props to Gamestock executives for realizing how stupid this rally is and dumping 75 million shares at this inflated price. This massively helps their company. I’d shake their hand.
@@mrkampfcookie2118 DFV's fans are buying the stocks from Gamestop. So they're getting money. They're also selling the stock at a hilariously absurd price right before/as it tanks to a still absurd price and those shares they sold at $40 or whatever are now worth like $28, so they functionally profited $12 per share. Huge W for them, capitalising on morons following a pump and dumper to help generate some money for their company that should be dead.
@@mrkampfcookie2118they have more money to work with since they pocket the sale price of the new stock (minus the part that jeffries gets for selling it for them). Only problem is that they don't really use the money effectively.
@benoplustee Time will tell. Currently, he's still up on his position. 5M shares @$21ish. His 120k options break even is $25ish a share. Big A might be fishing for clicks talking about backers. I don't have a hard time seeing him 5x his 2021 money. 2022 was full of buying opportunities for someone with 40million. I'm just observing at the moment, considering a small bet on calls. Stay educated and updated on short interest.
@@dorianburalHe bought around $5 million worth of calls in late April before he started pumping the stock via tweets. This has been confirmed by etrade and via options chain volume(Google unusual whales). Those calls went up about 50x, that's where this money came from.
He has 30m cashed out in his trading account. He didn't lose 300m, he lost 150m but can still make 150m more. If I had 30m banked I'd be pretty chill too.
I’m sure the SEC will try to bring some case against him but honestly what’s he’s doing is no different then a talking head going on cnbc and trying to convince other people to buy into a position after the person on cnbc already bought the stock
Man I wasn't exactly sure of what this all was about, but I got the feeling that he expected the stock to skyrocket while streaming or something. So weird
wait this guy is DFV? with the sunglasses and face stuff it was hard to tell, but last I thought he got the heck out, why the heck would be put money back in this lol
Start stream, play music, dance. That's all he had to do, but he opened his mouth. Lost 300m and is going to get in legal trouble. What an insane clown show LMAOOOOOOO
Why? They don’t have a case. He never said “buy gamestop stock” he only posted his position and thesis. That’s not illegal, Gary Gensler said so himself.
@@blastingoff no, but you DO have to outright say it to be sued for it (and to have said lawsuit have a serious chance of winning). This also assumes that the prosecution can pin the price action solely on RK’s alleged pumping and no other market activity, such as SLD deposits which are mandatory to the DTCC or FTD closeout dates which force Market Makers to purchase upwards of 6-figure amounts of shares depending on the trading volume 35 calendar days ago. When do RK’s options expire, again?
The one thing you missed Atrioc is that his calls are in the money and exercisable until expiry or until if the stock drops below the strike price. So it’s not just until 6/21, he could literally exercise 120,000 calls for 12,000,000 shares.
Had a fun little swing trade before this live. Got in at like $30 or something stupid. Had my hand just sitting over that sell button. When he said “yeah no real game plan today” I was out thank god I didn’t hold, fuck your diamond hands
I stay away from the stocks community for my mental health, I already escape the Funko community when it got overrun by stock bros try to recruit children
@@LiveTypethey don’t have a case on RK at all. RK never made any command to buy gamestop stock, he only showed his positions and his thesis. Gary Gensler (chairman of the SEC) said that this does not violate any laws. People seem to think influencer + price action = manipulation, but it’s a bit more nuanced than that. Well, people also assume that retail has enough financial firepower to cause a stock to move like this to begin with XD.
...that is just it. They manipulate the market all the time to stop insane bubbles from forming. That is why all of these people thinking they are going to profit from out of control speculation are off their rocker.
A lot of the community thinks that the halts were the point of the livestream, to show that DFV is not relevant to the extreme volatility that the stock is experiencing. He didn’t alter his positions once and the stock halted 7 times during the stream (LULD Volatility Halt). I’m disappointed that atrioc didn’t catch the moment when he “ended the stream” and the stock halted right after he said those keywords. That should have been the big moment proving that the price action is fueled by forces other than retail investors. Well, people only see what they want to see, and I am possibly going through that as well.
@@tehSupernerd ... the answer is the stream was market manipulation. Nobody who doesnt think it is a grand conspiracy needs to have it proven that the halts were related to that. Everybody knows Bro. It is almost like he just narrowly escaped regulators last time and they dont want him doing the same thing again so they used the most appropriate tool at their disposal.
Idk why anyone expected the stream to go differently than it did? He's always been goofy and a bit out there and this stream was just like his previous vibewise. Let's see what GME does with 5 billion in the bank and roaring kittys options are still in the green.
"the legacy business doesn't matter, $GME has so much cash from the dilution I caused, it could have a transformation" "my investment strategy entails a lot of risk and you could lose everything"
The decision to invest via options or shares is a degree of risk that is not correlated to the risk of the company’s price going up or down. That’s what he’s referring to; he initally had a mix of shares and LEAPS that were very high OTM which is risky and not fit for everyone.
@@NerdJoshua what’s even worth talking about? RK can’t cause a dilution since he’s not part of the board, and GME had $1.9b even before this current ATM offering so they have a lot of room to transform their business. It’s not like nintendo got to their current size because of their hanafuda trading cards…
Welp. I hope roaring kitty feels that loss. But as long as he got some millions left, he's probably still pretty well off. Just sad to see that some idiots still believe in meme stocks. Heck i personally wont touch Nvidia till the hype has cooled down. But that's me.
People who fell for it in 2021… that’s okay. But again… come on people. If you fell for this boy do I got business idea for you idiots. I should have bought puts.
Update on atock current still stuck around $28 but low $28 that one stream xosted him actually fortunes rhe stock peaked at $48 earliar today and now its just trending down
I think he had a short position he got into after the pump that he didn't disclose and only showed his call options. He probably dumped the stock right before/after the stream
That's TURBODEATH with the SEC. That'd be the most overt market maniuplation in decades- A guy with unprecedented control over a specific stock that then intentionally tanks the stock to short it. Literally equivocal to a CEO intentionally talking negatively about his company to short it or something. If he didn't do that the SEC could still blast him for this stream because it's obviously an attempt at market manipulation but if he did do that they're 100% going to destroy him because it'd be so egregious and also open and shut for them.
@@mooncalf_4534 I mean you're 100% but the guy is either being held hostage by some mobsters for gambling debt or somethin OR he actually believed he could manipulate the stock to his crazy strike price (drank his own Kool-Aid). My theory was the latter but I felt an illegal act with a guarantee was marginally less stupid than him actually genuinely owning those calls and nothing else while at the same time not even bothering to prepare for the stream it's all banked on 🤦🏾♂️
@@ralfwk163 from what I understand he can't show his live positions if the stock was halted, which is was multiple times while he was live fucking about
@@ralfwk163 He has a huge amount in GME and wanted to show that to the stream because him holding is like a meme or whatever that financially illiterate people rally behind and buy GME "diamond hands!" "to the moon!" etc etc. But because trading was halted on GME he didn't show his portfolio because he wanted to do that when people COULD buy the stock, because he figured it'd pump the stock when people see him looking like he trusts the stock. (it didn't pump the stock by the way when he finally did show) The reason the stock kept getting halted is basically if a stock is going too crazy up or down it'll halt for a lil bit to prevent people getting caught up in zeitgeists, panic-dumping a stock that then causes more panic dumping that causes more that causes the company to die from a small hit or whatever. Or the same in the opposite direction. So the stock was just going down so much so fast because of his stream (lmfao) that it kept halting trading on GME.
@@ralfwk163 Basically, there was a trading halt (When a stock has too much traffic they lock it down or slow trading down to prevent market manipulation) on GME, and he was going to show his portfolio which only had GME, but decided to wait until the halt had stopped because he wanted people to buy into GME as he showed his stock. Very transparent market manipulation and sketchy behavior.
Why did you cut out the "Can I show my portfolio?" and then when the stock was halted he went "I won't do it while its halted" part? That was the craziest line of all of them in terms of obvious market manipulation xD
How is that market manipulation in any way? It literally proved that his portfolio was updating live where as if the stock was halted, which happened about 12 times that day of which 4 times alone during his 1 hour stream, people would accuse him if it being a screenshot.
He's over-exposed with his calls and now is realizing he doesn't have the pull he used to. 600k viewers and the thing never even touched the green. Plus he's not wearing a wedding ring, when he has every stream in the past.
Lmao there business is done for; their NFT shop flopped, they attempt to pivot to selling collectibles instead of games a failure now they are sitting of crappy collectibles at 90% off 😂
He would’ve been a billionaire if it wasn’t for the surprise announcement today that made the stock drop massively. I agree with you, I think he’s just being him because he feels like it, however that statement isn’t accurate.
