Following the return of Keith Gill — also known as “Roaring Kitty” — traders are keeping their eyes peeled for the next big stock or crypto rally — but analysts aren’t so sure.
The sudden and unexpected return of Keith Gill — the man widely credited with kicking off the 2021 GameStop short squeeze — has speculators asking one question: Are we in for GameStop 2.0?
Many are hopeful, but at least one analyst has his doubts.
Gill was at the center of the GameStop saga during the pandemic, which saw Reddit traders flip the table on hedge funds that had been making money shorting what they believed to be a failing brick-and-mortar game store — which ended up sending the price of GME soaring over 1,000% in under a month.