GameStop Follow Up: Why Can’t Wall Street Take a Loss?
As stated in his recent court hearing, he is not a cat. He is a hero; a man who saw something he wanted and went after it. He is Keith Gill and he is being attacked by a bunch of coddled Wall Street infants that never grew up and learned how to take a loss.
On February 18, 2021 a video of Keith Gill (aka Roaring Kitty, aka DeepFuckingValue) on trial was released. For those who don’t know, yes, the guy from Reddit that got rich as fuck off GameStop’s stock is being sued by a prick (Christian Iovin, on behalf of all his other suit buddies that lost money) because he beat them at their own game.
Ok, they didn’t actually admit that Gill beat them at their own game , but they are suing Gill, MML Investors Services, LLC, and Massachusetts Mutual Life Insurance Company. I know what you’re thinking: what the fuck does Gill have to do with these corporations? Well it’s all in this long ass court document. Luckily, I read it so you didn’t have to.
Keith Gill “was licensed by MML as a registered representative (i.e., a securities broker), and he was employed by MassMutual as a ‘Financial Wellness Director,’” according to the court document. To Christian Iovin (the main guy going after Gill) the real crime was that Gill was using “fake personas” like Roaring Kitty and DeepFuckingValue while acting like “an amateur, everyday fellow” to boost the GameStop stock.
What a weak fucking claim for a suit who lost some money in the same game he made money in.
The lawsuit portrays Gill to be an evil genius that has brainwashed all the participants of r/WallStreetBets. In reality, he was one of many people chatting about the stock market. He may have had the high stake in the GameStop stock, but if he didn’t have a legitimate reason (which he does) behind his investment, why would others follow in his footsteps?
He’s not the second coming of god. He’s just a smart guy.
This is what Gill had to say for himself during his hearing:
What a fucking legend.
Then, THE DAY AFTER HIS HEARING, Gill said fuck you to Wall Street again and bought another 50,000 shares of the GameStop stock. Now he has 100,000 shares worth around $4 million (source: The Wall Street Journal).
God, I love this guy.
Not to mention that on February 24, the GameStop stock increased BY MORE THAN A 100% (source: CNN).
The CFO of GameStop left, so that may have something to do with it. But who knows. All I know is that Keith Gill is my hero right now for continuing to stick it to Wall Street.
Really, the only crime committed in this whole situation was roping Keith Gill into this lawsuit. Yes, he was not a naïve amateur. BUT, he was no Jordan Belfort either. He just has a job in finance and an interest in stocks.
So fuck you Christian Iovin and every sore loser behind this lawsuit. Let Keith Gill and all the other Reddit investors live.
I am rooting for you Keith.