24 upvotes, 1 direct replies (showing 1)
View submission: Keith Gill (u/DeepFuckingValue) and The Gamestop Saga
Good point. I'm sure there was more I missed as for notable events. I'll add these as an edit. Which initial tweet from Andrew Left do you mean?
Comment by flipkev at 02/04/2023 at 15:04 UTC*
23 upvotes, 2 direct replies
The citron group, which was led by Andrew left, was going to do a livestream through twitter of how GameStop was only a 20 dollar stock at most. At the time GameStop was around 30 dollars and wallstreetbets was all hyped for it.
Wsb was going to pump the stock to embarrass him during the stream. The first attempt he tried to stream he claimed he was ddos attacked or whatever, so he postponed until 1/20. That was Inauguration Day so he postponed it again. On the day of the stream the stock was pumped by wsb and along with other factors it started taking off like crazy because we wanted to short squeeze the stock like how it happened with Volkswagen. At the time the short interest was 144% so it was possible. Elon made his tweet and it made mainstream.
You’re trying to paint the scenario that Keith’s post was the sole factor for the whole thing when it wasn’t. In fact he was barely mentioned until he started posting updates of his account where he made millions and then people started taking his dd as gospel.
He became the face of the stock and people have been trying to relive the magic since where they don’t realize it was a series of very fortunate events.
Also anyone reading my replies thinking I’m either full of shit or a shill again feel free to look at my history not only with the squeeze but wsb in general. I was part of the group making crazy plays with my mortgage down payment (which made me about 13k) well before any of you even heard of GameStop.
I was there for the whole thing from the beginning and it was magical and the best stock experience I ever had or will have. It’s not gonna happen again. GameStop allowed me to pay off my gtr and get a rolex Daytona and I’ve seen the cult form around it first hand. It’s just annoying how people who weren’t involved are trying to rewrite how it went down or trying to get it to squeeze again.