Lucky Anderson
2.8K posts

Lucky Anderson
@heavenlord
Entrepreneur || Investor || Blockchain, NFT, Metaverse, DeFi, Cryptocurrency & Disruptive Innovative Tech enthusiastic ||
Earth Katılım Mayıs 2009
565 Takip Edilen203 Takipçiler
Lucky Anderson retweetledi

A financial analyst turned $53,000 into $48 MILLION posting stock tips on Reddit from his basement. He nearly broke Wall Street doing it.
> In September 2019, Keith Gill was a 34 year old financial analyst at MassMutual earning a regular salary.
> Under the username DeepFuckingValue on Reddit and Roaring Kitty on YouTube, he posted a screenshot of a $53,000 bet on GameStop.
> A dying video game retailer that Wall Street had been shorting into the ground.
> Gill had spotted something. Hedge funds had borrowed and sold 140% of GameStop’s available shares.
> Mathematically impossible to cover without buying every share back at any price.
> For over a year, he was ignored. His posts were downvoted and mocked.
> Then in January 2021, Reddit’s WallStreetBets forum discovered his position and started buying.
> GameStop went from $4 to $483 in three weeks.
The short sellers were trapped. Every dollar the stock went up cost them more money.
> Melvin Capital lost 53% of its fund in one month and had to be bailed out with $2.75 BILLION. It shut down completely in 2022.
> Total hedge fund losses exceeded $20 BILLION.
> Roaring Kitty was streaming the entire thing live on YouTube from his basement, wearing a red bandana, drinking from a cat mug.
> By January 27 his $53,000 was worth $48 MILLION.
> Then Robinhood froze the buy button. The sell button still worked. The stock crashed within hours.
> Robinhood’s biggest customer was Citadel. Citadel had just bailed out Melvin Capital the same week.
> Congress called emergency hearings and subpoenaed Gill to testify. His entire opening line was five words. “I like the stock.”
> Hollywood made a movie about him called Dumb Money. Netflix made a documentary called Eat the Rich.
> He disappeared from the internet for three years.
> He returned in May 2024 with a single meme posted on X. GameStop pumped 50% on the news he was back.
> Days later he revealed he had quietly built a 5 million share GameStop position worth $180 MILLION during his silence.
> His net worth peaked at $289 MILLION.
> A guy in a basement saw what every hedge fund analyst on Wall Street had missed.
> He posted it for free on Reddit.
The system that called him an idiot ended up rewriting its own rules to stop him.
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@Jabz_CFC The film ‘Malcolm X’ was saved by the financial intervention of prominent black Americans: Bill Cosby, Oprah Winfrey, Michael Jordan, Magic Johnson, Janet Jackson, Prince, Tracy Chapman, and Peggy Cooper Cafritz, founder of the Duke Ellington School of the Arts.
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Lucky Anderson retweetledi

@BowesChay This woman and her party is already compromise. She should never win the election.
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Cardano Founder: "I've lost more money than anyone listening to this. I've lost over $3 billion now." #crypto
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@jamieminer Would you support a 3rd term for Trump to finish the job in Iran ?
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@Jason @DarioAmodei Does Dario know you were an early investor in Uber?
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@jprice614 Can somebody please 🙏 mute @JM_speakss until @benjamincowen is here ? This moron is very annoying and disrespectful to other speakers!!
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@jprice614 @JM_speakss doesn’t know what he is talking about!! He is an idoit is an understatement!! Can we move on with the next speaker ?
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@benjamincowen @benjamincowen Chim in and let other speakers to talk. I see lots of hands in here.
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@MbarkCherguia @grok Is that her real boobs or plastic surgery?
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@0xReflection Right, this means $BTC will be red in January & February!!
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@ProofOfMoney @CriptoZorro is “The Man” !! Always pleasure listening to you!!
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