The prominent Reddit community Superstonk is still abuzz with GameStop stock hype. But in Roaring Kitty’s recent absence, its users’ bold predictions are falling short, becoming a subject of ridicule for many posters.
Predicting when GameStop’s share price could surge at a breakneck pace, several popular posts have penciled in pumps on specific days. While some of them have been nixed by Superstonk’s community moderators, the topic has become a running joke among its members.
A price prediction, for example, stated that GameStop’s share price “will multiply” on Wednesday, pushing past $67 per share. It re-emerged after a user posted a screenshot of the deleted prediction, subsequently garnering 10,000 upvotes and over 1,000 comments.
After becoming a top post within Superstonk over the past week, GameStop’s share price did not surge Wednesday. Pushing as high as $29.58 early in the trading day, GameStop’s share price fell 6.5% thereafter to $27.63 as a foretold short squeeze did not materialize.
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“This didn’t age well,” one user commented Wednesday. Another, named Dogetothemoonboii, wrote later that the prediction’s original poster was “just another dumbass.”
Still, GameStop’s stock price has climbed nearly 10% over the past month. And it remains elevated compared to a closing price of $17.46 seen days before Roaring Kitty’s online return back in May.
Roaring Kitty—aka Keith Gill, or DeepFuckingValue on Reddit—posted his last “YOLO update” on Superstonk on June 13, which showed his 9 million GameStop shares were worth $268 million. Based on GamesStop’s current stock price, that position would be worth around $240 million today.
Shifting his attention recently to the pet-products purveyor Chewy, an SEC filing showed Gill purchased around 9 million shares in the firm on June 24. The company was founded by GameStop’s current CEO Ryan Cohen, who served as Chewy’s leader up until 2018.
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Gill, who became the de facto face of the retail-led movement to bet big against Wall Street short sellers through GameStop in 2021, hasn’t posted an update in Superstonk for over a month. With his most recent Twitter post made in late June, it’s likely felt among Superstonk’s users.
“I know how much it’s shorted down to the penny,” a post appearing to poke fun at the aforementioned price prediction read with an image of Eric Cartman from “South Park.”
“Please stop with that,” a similarly upvoted post stated, with a meme suggesting it’s been “0 days [since] someone nailed the magic dates” of GameStop’s long-awaited short squeeze.
GameStop’s share price surged as high as $65 amid Gill’s online return in May. It later spiked again in June, hitting a peak of $47.50 in anticipation of the first livestream from the influencer in three years.
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During that livestream, Gill spoke carefully about the video game retailer’s prospects while expressing a positive long-term view about GameStop’s ability to transform its legacy business model of selling games and video game consoles in store.
A price prediction posted Wednesday night, however, claimed to be “The Last DD You’ll Ever Need,” referring to the investor research process of due diligence. Floating a specific date later this month as a day that day GameStop’s stock price will fly, the post ultimately received mixed reactions from community members.
“People get mad at these kinda posts, but I appreciate the effort,” one user commented. “ I won’t hold my breath, but if you’re right, then cheers.”
Edited by Andrew Hayward
