Wrong beliefs can have very bad consequences, eg gullible Retail investors suffering huge losses, eg losing their life savings, macam believing in the fearful/greedy stories of Macau scams.
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The prime advocate for the GME/Gamestop short-squeeze at r/Wallstreetbets about 2 months ago, is a Mutual-fund or HF insider, ie #DeepFuckingValue aka Keith Patrick Gill. .......
https://en.wikipedia.org/wiki/DeepFuckingValue
"Gill is a Chartered Financial Analyst, formerly employed at MassMutual."

And the major shareholders of GME/Gamestop shares at about 100 million shares are/were HF/MF, who bought them at US$5 or less in Aug 2020 or earlier. .......
https://money.cnn.com/quote/shareholders/sh...w=institutional
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This post has been edited by lurkingaround: Feb 7 2021, 01:05 PM

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Did DFV show Black-and-white or documentary proof/evidence that he is still holding on to most of his 150,000(= valued at US$750,000) GME shares bought some months ago at about US$5 each.? Did he show proof that he did not cash out most of his 150,000 GME shares at about US$300 each(= his US$750,000 becomes US$30 million) last Friday(= 29 Jan 2021) or this Monday(= 1 Feb 2021).? .......

https://heavy.com/news/keith-gill-roaring-kitty/
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This post has been edited by lurkingaround: Feb 7 2021, 04:24 PM

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Please post your source links of the screenshots.
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https://www.cnbc.com/2021/01/29/famed-games...al-advisor.html - 2021/01/29/famed-gamestop-bull-roaring-kitty-is-a-massachusetts-financial-advisor
" He began sharing his bets with the group in September 2019, posting a portfolio screenshot indicating he had invested $53,000 in the company and had already netted a $46,000 profit. Reuters was unable to confirm this. ...

By Wednesday, Gill was up over 4000% on stock and options investments in the company, with his GME position plus cash worth nearly $48 million, according to his Reddit posts. Reuters could not independently verify his profits. ...

After online brokerages restricted trading in GME on Thursday, Gill posted that he had lost $14.8 million that day alone, but was still up $33 million overall.

That post was met with thousands of replies, with many simply repeating: “IF HE’S STILL IN, I’M STILL IN.” "
= this is like the story of the Pied Piper leading impressionable kids walking off a cliff and falling to their death.
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This post has been edited by lurkingaround: Feb 7 2021, 06:17 PM

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Could the above be Photoshopped/Edited or from a Demo account.? .......

https://www.investopedia.com/terms/d/demo-account.asp
"Demo Account
By Will Kenton
Updated Jul 28, 2018

A demo account is a type of account offered by trading platforms, which is funded with fake money that enables a prospective customer to experiment with the trading platform and its various features, before deciding to set up a real account funded with the customers actual money. Demo accounts are offered by a wide variety of online trading platforms, including stock trading platforms, foreign exchange trading venues, and commodities exchanges. ... "
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Problem is, "Roaring Kitty" aka #DeepFuckingValue did not put the Disclaimer that he was working for MassMutual and as a Financial Advisor - who usually advises rich folks for a yearly fee, similar to Hedge Funds. It was a conflict of interests for him to anonymously use social media to influence gullible Retail investors, eg in hyping and pushing the Gamestop "short-squeeze" movement. .......

https://heavy.com/news/keith-gill-roaring-kitty/ - 29 Jan 2021
"1. Gill Worked as a Financial Advisor in Massachusetts

According to Reuters, Gill is a 34-year-old “financial advisor from Massachusetts” who previously worked for MassMutual insurance. The Wall Street Journal reported that Gill “until recently worked in marketing for Massachusetts Mutual Life Insurance Co.” ...

An old LinkedIn page for Gill said he was director of financial wellness education at MassMutual and president of Debris Publishing Inc. He was also an investment operations officer at LexShares. A website for Debris Publishing describes it as, “an independent financial publishing firm. Debris is dedicated to producing financial software and independent research from which individual investors and institutional investors alike may profit.” " ....

https://finance.yahoo.com/news/financial-ad...-220743855.html - How Do Financial Advisors Make Money? - 22 Nov 2019
"... How Do Financial Advisors Get Paid?

There are three main ways financial advisors make money:

1. Client fees, usually charged either on an hourly basis or as a percentage of client assets under management.

2. Commissions for certain financial transactions, such as the sale of insurance products or the buying and selling of securities.

3. Salaries earned by on-staff advisors. " ....
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https://www.termsfeed.com/blog/affiliate-disclosure/ - 28 June 2019
... "It's all about clarity and transparency for your users so they can make the most informed decisions of what to buy. Basically, if you stand to make money or receive any sort of benefit - financial or otherwise - from your recommendation or endorsement of a product or service, you must disclose this to the public." ....

DFV aka RK aka Keith Patrick Gill not disclosing his job as a marketer for MassMutual in 2019 and as a Financial Advisor in 2020, likely breaks this FTC rule for website owners and social media bloggers.
....... I believe he posted his bullish and "short-squeeze" recommendations for Gamestop/GME shares at Youtube and Reddit as an ordinary Retail investor.
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This post has been edited by lurkingaround: Feb 8 2021, 12:15 PM

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Could the screenshots be from his client's account.? ... since Financial Advisors can have Power of Attorney over his rich clients' assets/investments.? Eg similarly, Hedge Fund managers can fully control their investors' funds/assets. .......

https://www.coindesk.com/crypto-hedge-fund-...ds-guilty-fraud - Crypto Hedge Fund Founder Pleads Guilty to $90M Fraud - Virgil Capital founder Stefan Qin lied to investors and siphoned off millions to fund a lavish lifestyle. - 5 Feb 2021
"Cryptocurrency hedge fund founder Stefan Qin pleaded guilty Thursday to deceiving investors out of more than $90 million.

According to a press release from the U.S. Department of Justice on Thursday, Qin, a 24-year-old Australian national and founder of Virgil Capital, had been charged with a single count of securities fraud in Manhattan’s (N.Y.) federal court.

Between 2017 and 2020, Qin operated two funds, Virgil Sigma Fund LP of New York and VQR Multistrategy Fund LP of the Cayman Islands. During that time Qin lied to investors and siphoned off the roughly $90 million from Sigma to fund a lavish lifestyle, per the release.
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https://www.dailydot.com/debug/reddit-consp...t-bets-citadel/ - Why people are spinning a larger conspiracy around GameStop and Reddit - People smell a conspiracy. - Feb 2, 2021

" Yeah, the whole “people vs hedge funds” narrative is fun and all but I talked to a financial analyst last night who’s pretty certain that other hedge funds are buying and holding huge GameStop positions too https://t.co/jOADapGEQc

— Jason Schreier (@jasonschreier)
January 28, 2021" ...

"Beyond conflicts of interest, figures like Matt Stoller have implied that other massive hedge funds are helping pump up the price and, effectively, engaging in price-fixing and using Reddit as a front—that the truth is hedge funds are just going to war with other hedge funds. The biggest supporting evidence that this is happening is the fact that retail traders only control about 10% of all available Gamestop shares, while the rest belongs to hedge funds. " ....
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Today - Tuesday, 9 Feb 2021 NY time, GME/Gamestop share price opened at US$56 and closed at US$50, from its yesterday's close of US$60.

Note that before this Gamestop fiasco, Hedge-funds and Mutual-funds were major shareholders with about 100 million Gamestop/GME shares, likely bought some months ago at US$5 or less, eg in Aug 2020 or earlier. ....... https://fintel.io/so/us/gme

= there are still some gullible Retail investors willing to pay about US$50 for each GME share = still 1000% profits for the above HF/MF who had bought GME shares at US$5 and sold them today at US$50.

If these HF/MF have sold 50 million of their US$5 GME shares at US$305 the previous Friday(= 29 Jan 2021) or last Monday = they profited about US$15 billion or 6,000%. Bank fixed deposits is only giving about 3% annual interest and EPF about 6%.
....... No wonder many billionaires and millionaires put their money in HF, who often scam gullible Retail investors.
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