Jun 08, 2024 2 Min Read
The well-known meme stock icon, also known as "Roaring Kitty," made a long-awaited livestream appearance on his YouTube channel Friday.
Gill livestreamed against the backdrop of Yahoo! Finance's GameStop stock ticker page, wearing long hair, a heavy bandage over his head, flashy white sunglasses, a sling, and a beer.
"It's been several years now. "I hope you're doing well," remarked Gill, a Brockton, Massachusetts native. "It's me, by the way. I see a lot of question marks—"Is he back?" Is it someone else? "Can you tell it's me now?"
What can I say about GameStop? "The funny thing is that I have a lot of the same feelings about everything," Gill explained. "They are currently in the transformation stage. I feel like I've seen enough. "I believe (CEO Ryan Cohen) can do it."
In an unexpected move, GameStop moved its first-quarter earnings to Friday, rather than next Tuesday. The video game retailer lost $32.3 million, a small improvement above the $50.5 million loss the previous year. First-quarter sales fell to $0.9 billion, down from $1.2 billion the previous year.
Gill emphasized that, while he believes in Cohen, traders should draw their own judgments.
"It remains to be seen." You should keep an eye on things and reserve the right to modify your view, just as I do. "Don't follow anyone blindly," Gill said.
GameStop shares fell more than 39% on Friday, marking the company's worst day since February 2021. The video game stock has experienced huge swings in recent weeks, reminiscent of the meme stock craze that followed Gill's comeback to social media in May.
Gill also confirmed claims that E*Trade is considering removing him from its site, stating that he logs on every morning wondering if he would be able to access his accounts.
He provided another update on his portfolio, revealing that he had not sold any of his 5 million shares or exercised any of his 120,000 call options since his last statement on Thursday. His total GameStop holdings were worth more than $300 million as of midday Friday, down almost $200 million after the stock's significant losses throughout the trading session.
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