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How meme stocks roared back. Viral picks that have grabbed attention

Roaring Kitty has come roaring back. The meme stock craze is once again gripping global financial markets.

Polisi Gerebek  Penyelenggara Judi Online Mastertogel di Apartemen Pluit #LintasiNewsPagi 28/01But what on earth is a meme stock and who is Roaring Kitty? Can investors make their fortunes – or should they stay well clear?

The meme stock craze dates back to the dark days of the pandemic when investors turned to weird and (occasionally) wonderful ways to get through lockdown.

Shares in GameStop soared after Keith Gill posted on social media, under the usernames Roaring Kitty or Deepf***ingValue, ratogel urging ordinary investors to buy into the games retailer

Mr Gill (bottom left with  his arm in a sling) shares his screen showing GameStop share data during his livestream

One person who shot to prominence in investing circles is Keith Gill – known to his followers on Youtube as Roaring Kitty and the rather more profane Deepf***ingValue on social media site Reddit.

The former financial analyst first shot to prominence before Covid struck in 2019 when he piled his life savings into Gamestop, a bricks-and-mortar video game retailer in the US.

His net worth – on paper – has been estimated to run into hundreds of millions of dollars.

On Friday shares in Gamestop gyrated wildly as he returned to his Youtube channel for an impromptu livestream watched by over 600,000 viewers.

With his arm in a sling and sporting a trademark bandana, Gill reiterated his faith in the video games retailer, which had earlier announced falling sales, narrowing losses and plans to sell 75million of its shares.

The news caused Gamestop’s share price – and Gill’s fortune – to plunge.

In its latest intervention, Roaring Kitty posted a cryptic drawing on Twitter last month, which could be interpreted as a renewed declaration of support for GameStop

As this volatility shows, anyone considering emulating him should be aware of the risks.

Gill, 38, who often broadcasts his views wearing a baseball cap on back to front, has an unlikely background for a financial hotshot.

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