CW8888 : GameStop is great example real and illusion of wealth in the stock market. Uncle8888 truly learnt the truth from this book in Nov 2008! It’s when you sell that counts if you happen to buy them at good entries! All are equally critical, entries and exits and holding; but to optimize the profits is NEVER that easy!
Keith Gill, AKA Reddit’s DeepF——Value, apparently lost more than $13 million on Tuesday alone from his GameStop bet as the shares dropped 60%.
Despite the losses, the investor is holding onto 50,000 shares of GameStop as well as 500 call options in the brick-and-mortar video game retailer.
At GameStop’s record high last week, Gill’s total return in the name ballooned more than 2,000% to as much as $33 million, according to his Reddit posts.