Current Events > Reddit user who helped inspire GameStop meme lost $13M today and still holding

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Lebronwon 02/02/21 8:27:04 PM #1:	https://www.cnbc.com/2021/02/02/reddit-user-who-helped-inspire-gamestop-mania-says-he-lost-13-million-on-tuesday-but-is-still-holding-on.html Keith Gill who goes by DeepFuckingValue on Reddit and Roaring Kitty on YouTube says he suffered a loss north of $13 million on Tuesday alone from his GameStop bet, but hes still not selling. Hes the man who helped inspire the epic short squeeze in GameStop last week that sent shockwaves through Wall Street. Through YouTube videos and Reddit posts, Gill attracted an army of day traders who cheered each other on and piled into the brick-and-mortar video game stock and call options, creating a massive short squeeze as the shares jumped 400% last week alone. Gill says he has been holding 50,000 shares of GameStop as well as 500 call options in the brick-and-mortar video game retailer since the start of 2021. At GameStops record high last week, Gills total return in the name ballooned more than 2,000% to as much as $33 million, according to his Reddit posts. However, the short squeeze in GameStop started to fade this week, taking a big bite out of Gills massive gains. The trader apparently lost $13.6 million on his positions in GameStop shares and calls, following a more than $5 million loss on Monday. --- Not 1, not 2, not 3, not 4, not 5, not 6, not 7 <cite>Lebronwon posted [p:950213432] in Reddit use... [t:79274572]...</cite> <quote>https://www.cnbc.com/2021/02/02/reddit-user-who-helped-inspire-gamestop-mania-says-he-lost-13-million-on-tuesday-but-is-still-holding-on.html Keith Gill who goes by DeepFuckingValue on Reddit and Roaring Kitty on YouTube says he suffered a loss north of $13 million on Tuesday alone from his GameStop bet, but hes still not selling. Hes the man who helped inspire the epic short squeeze in GameStop last week that sent shockwaves through Wall Street. Through YouTube videos and Reddit posts, Gill attracted an army of day traders who cheered each other on and piled into the brick-and-mortar video game stock and call options, creating a massive short squeeze as the shares jumped 400% last week alone. Gill says he has been holding 50,000 shares of GameStop as well as 500 call options in the brick-and-mortar video game retailer since the start of 2021. At GameStops record high last week, Gills total return in the name ballooned more than 2,000% to as much as $33 million, according to his Reddit posts. However, the short squeeze in GameStop started to fade this week, taking a big bite out of Gills massive gains. The trader apparently lost $13.6 million on his positions in GameStop shares and calls, following a more than $5 million loss on Monday. </quote> ... Copied to Clipboard!
BlameAnesthesia 02/02/21 8:29:15 PM #2:	DVF didn't lose 13M. He lost 13M of unrealized gains. He cashed out some of his options really early on, so he's still a millionaire from all of this. The rest he is letting ride, but he was always more of a long term play with regards to GME. --- PGY-2. Anesthesiology. <cite>BlameAnesthesia posted [p:950213514] in Reddit use... [t:79274572]...</cite> <quote>DVF didn't lose 13M. He lost 13M of unrealized gains. He cashed out some of his options really early on, so he's still a millionaire from all of this. The rest he is letting ride, but he was always more of a long term play with regards to GME. </quote> ... Copied to Clipboard!
shironinja 02/02/21 8:30:06 PM #4:	It was a good thing he did and I hope he never regrets it. --- Now or never. <cite>shironinja posted [p:950213559] in Reddit use... [t:79274572]...</cite> <quote>It was a good thing he did and I hope he never regrets it. </quote> ... Copied to Clipboard!
g980 02/02/21 8:30:23 PM #5:	he should be wealth taxed on those unrealized gains --- These old bones live to learn her wanton ways: (I measure time by how a body sways). <cite>g980 posted [p:950213573] in Reddit use... [t:79274572]...</cite> <quote>he should be wealth taxed on those unrealized gains</quote> ... Copied to Clipboard!
Tactical_Spork 02/02/21 8:30:31 PM #6:	Anyone still holding because they sincerely believe it will be some massive profit or that it is part of a movement is dumb as hell --- butthole666 https://imgur.com/6GJoJ <cite>Tactical_Spork posted [p:950213579] in Reddit use... [t:79274572]...</cite> <quote>Anyone still holding because they sincerely believe it will be some massive profit or that it is part of a movement is dumb as hell </quote> ... Copied to Clipboard!
masterpug53 02/02/21 8:36:04 PM #7:	Anyone remember a time when a line like this was just a silly parody? https://youtu.be/h-Z8_Mzmqgk?t=9 --- Simple questions deserve long-winded answers that no one will bother to read. <cite>masterpug53 posted [p:950213767] in Reddit use... [t:79274572]...</cite> <quote>Anyone remember a time when a line like this was just a silly parody? https://youtu.be/h-Z8_Mzmqgk?t=9 </quote> ... Copied to Clipboard!
St0rmFury 02/02/21 8:40:41 PM #8:	Dude he didn't lose anything. --- "Average Joe" is a trolling term since it's completely an opinion. "Overachieving" is also an opinion. - SBAllen (Hellhole: 52458377) <cite>St0rmFury posted [p:950213938] in Reddit use... [t:79274572]...</cite> <quote>Dude he didn't lose anything.</quote> ... Copied to Clipboard!
Darmik 02/02/21 8:43:18 PM #9:	Didn't he already cash out like half of his stock for at least 10 million? He's set for life regardless. --- Kind Regards, Darmik <cite>Darmik posted [p:950214025] in Reddit use... [t:79274572]...</cite> <quote>Didn't he already cash out like half of his stock for at least 10 million? He's set for life regardless. </quote> ... Copied to Clipboard!
clyde_frog 02/02/21 8:56:14 PM #10:	St0rmFury posted... Dude he didn't lose anything. Yes he did. Imagine you bought set of trading cards as an investment and they got damaged in a house fire. What you be singing the same tune because your profit was unrealized? --- https://imgur.com/UFOAF http://25.media.tumblr.com/tumblr_m71fpsIYJA1qf1116o1_500.jpg ~Formerly known as BabeFAQs~ <cite>clyde_frog posted [p:950214447] in Reddit use... [t:79274572]...</cite> <quote>St0rmFury posted... </cite> <quote>Dude he didn't lose anything.</quote> Yes he did. Imagine you bought set of trading cards as an investment and they got damaged in a house fire. What you be singing the same tune because your profit was unrealized? </quote> ... Copied to Clipboard!
Alteres 02/02/21 9:01:17 PM #11:	g980 posted... he should be wealth taxed on those unrealized gains wat --- ........the ghost in the machine... IGN: Fox, FC: 5344-2646-0982 <cite>Alteres posted [p:950214629] in Reddit use... [t:79274572]...</cite> <quote>g980 posted... </cite> <quote>he should be wealth taxed on those unrealized gains</quote>wat </quote> ... Copied to Clipboard!
Darmik 02/02/21 9:02:48 PM #12:	clyde_frog posted... Yes he did. Imagine you bought set of trading cards as an investment and they got damaged in a house fire. What you be singing the same tune because your profit was unrealized? That depends if a chunk of those cards were already sold off for a significant sum before the house fire. --- Kind Regards, Darmik <cite>Darmik posted [p:950214687] in Reddit use... [t:79274572]...</cite> <quote>clyde_frog posted... </cite> <quote>Yes he did. Imagine you bought set of trading cards as an investment and they got damaged in a house fire. What you be singing the same tune because your profit was unrealized?</quote> That depends if a chunk of those cards were already sold off for a significant sum before the house fire. </quote> ... Copied to Clipboard!
Squall28 02/02/21 9:04:12 PM #13:	BlameAnesthesia posted... DVF didn't lose 13M. He lost 13M of unrealized gains. He cashed out some of his options really early on, so he's still a millionaire from all of this. The rest he is letting ride, but he was always more of a long term play with regards to GME. Yeah he already made millions off the suckers following him. No worries for him. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:950214744] in Reddit use... [t:79274572]...</cite> <quote>BlameAnesthesia posted... </cite> <quote>DVF didn't lose 13M. He lost 13M of unrealized gains. He cashed out some of his options really early on, so he's still a millionaire from all of this. The rest he is letting ride, but he was always more of a long term play with regards to GME.</quote> Yeah he already made millions off the suckers following him. No worries for him. </quote> ... Copied to Clipboard!
Unsugarized_Foo 02/02/21 9:07:20 PM #14:	Diamond hands. Apes unite. --- "All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana <cite>Unsugarized_Foo posted [p:950214848] in Reddit use... [t:79274572]...</cite> <quote>Diamond hands. Apes unite. </quote> ... Copied to Clipboard!
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Current Events > Reddit user who helped inspire GameStop meme lost $13M today and still holding (+) Yeah! (+)

Current Events > Reddit user who helped inspire GameStop meme lost $13M today and still holding