Amidst the chaos and volatility surrounding GameStop’s stock, Keith Gill, also known as “DeepF——Value” on Reddit, has demonstrated unwavering dedication to his investment. Despite the roller-coaster ride that GameStop’s stock has been on, Gill has maintained his position in the video game retailer.
As evidenced by his recent posts on Reddit, Gill still proudly holds onto his 5 million shares of GameStop and 120,000 call options with a strike price of $20 that expire on June 21. This snapshot of his portfolio remained unchanged even after GameStop’s stock rallied significantly on Monday.
Market Speculation
Speculation surrounding Gill’s actions in the market has been a topic of discussion, particularly after a report from the Wall Street Journal suggested that E-Trade, the brokerage he uses, was considering banning him due to concerns about potential market manipulation. Despite these rumors, Gill’s commitment to GameStop remained steadfast.
Following Gill’s latest Reddit post, GameStop’s stock experienced a modest 4% increase in extended trading. This comes after a day of extreme volatility where the stock surged as much as 70% at one point during the trading session. Despite the ups and downs, Gill stood by his investment, refusing to sell even as the value of his stake in GameStop soared.
It is important to note that the information shared by Keith Gill on Reddit’s r/SuperStonk forum has not been independently verified by CNBC. This raises questions about the accuracy of the data and the true extent of Gill’s holdings in GameStop. However, one thing remains clear – Gill’s dedication to his investment is unwavering.
Keith Gill’s steadfast commitment to GameStop in the face of market turbulence is a testament to his belief in the company’s potential. Despite the rumors and speculation surrounding his actions, Gill has remained resolute in his position, showcasing a level of conviction that is rare in the world of investing. Only time will tell whether Gill’s faith in GameStop will pay off in the long run.