Gil calls himself just an ordinary person, but he is convinced that investors can find value in unpopular stocks.
Editor’s note: This article comes from Tencent Technology, review: Golden Deer.
The identity of the “leading brother” who led American retail investors to sniper Wall Street short-selling institutions finally emerged. He is the financial analyst Jill of Boston.
Jill said that he was just an ordinary person, and he did not expect to trigger this stock market storm, but he was convinced that investors could find value in unpopular stocks.
Jill started investing in GameStop around June 2019, when the latter’s share price was around $5 per share, and recently rose to $500.
Among many fans, Jill is regarded as the greatest legend in WallStreetBets history.
Recently, retail investors on the Reddit sub-forum WallStreetBets of the US community website and the video game retailer GameStop (game station) stock short-seller duel, triggered the US Congress, the Federal Reserve, hedge funds, media, trading platforms and dozens Ten thousand investors’ attention. Retail investors have cut the leeks of Wall Street elites, and almost subverted the entire US investment community. Now, the identity of the “leader brother” of these retail investors is gradually emerging. He is the 34-year-old Keith Patrick Gill.
Jill has multiple identities. He is the Internet celebrity “Roaring Kitty” on the video sharing platform YouTube and a well-known user “DeepF***ingValue” (DFV) on the WallStreetBets forum. His true identity is a Boston financial analyst. However, he considered himself a member of ordinary people, “just an ordinary dad of a two-year-old girl.”
Gill said in an interview with the media a few days ago: “I did not expect the situation to develop like this. I did not intend to attract the attention of the US Congress, the Federal Reserve, hedge funds, the media, trading platforms and hundreds of thousands of investors. This is far away. It is beyond my imagination. I just want to support these retail investors and support their voices to express their opinions.”
But for many people, Jill is the real driving force behind the four-digit increase in GameStop’s stock price. As of last Friday this year, GameStop’s stock price has risen by more than 1,600%. Last Wednesday, the stock jumped 135% to a record $347.51 per share. It plummeted to $194 per share on Thursday, and then closed with a sharp rebound. At the beginning of this year, GameStop’s stock price was only $18.
Until recently, Jill worked in marketing for the Massachusetts Mutual Life Insurance Company. Many online retail investors say that Gil’sAdvocacy helped them to unite and form a powerful force that was enough to cause huge losses to established hedge funds, and even brought earth-shaking changes to the US investment community.
Many retail investors believe that Jill helped fuel the GameStop mania
Jill previously released screenshots of his brokerage account, showing that GameStop stocks and options earn approximately $20 million per day. A Reddit user reality_czech replied: “Your guidelines have not only persuaded many of us to buy GameStop shares, but also insist on holding them. Your example has indeed changed the lives of thousands of ordinary people. Thank you so much. You Every penny earned is well deserved!”
I love picking up scratch cards when I am young
The next day, Jill posted another screenshot showing the loss of approximately $15 million. By the end of last Thursday, his E*Trade brokerage account held approximately $33 million, including GameStop stocks, options and millions of cash.
Mother Elaine Gill said: “Jill always likes to make money. When he was a child, he would find money in the scratch cards of people who didn’t know he had won. Usually, People will throw this kind of lottery on the ground carelessly, but many times, they have actually won the lottery.”
Jill’s online image (known as the “Roaring Kitten” on YouTube, for example) has attracted tens of thousands of fans and imitators who share screenshots of their brokerage accounts. According to Apptopia, as the GameStop frenzy reached its peak last week, hundreds of thousands of new investors downloaded applications such as the stock trading software Robinhood to join the action.
Jill said that he is not a person who encourages the public to challenge the Wall Street elite, he just believes that investors can find residual value in unpopular stocks. He said that he never imagined that there would be large groups of fans online debating his identity or whether there were millions of dollars in his trading account. He is just a father who is interested in the Internet. His favorite thing is playing plastic slides with his daughter on the lawn in the suburbs of Boston.
Jill revealed that he started investing in GameStop around June 2019, when GameStop’s stock price was still hovering at around $5 per share.. Earlier that year, the gaming retailer was looking for its fifth CEO in more than 12 months. Jill is always buying the stock.
Although he has never played too many games other than Super Mario or Donkey Kong, he has seen this struggling retailer pass the latest video Game consoles attract new customers to revive their potential.
He said: “People’s reaction is very cold, thinking GameStop will become the next BesTV (DVD rental company Blockbuster). However, it seems that they did not dig deeper. This is a serious miscalculation of this excellent opportunity. .”
Jill is tall, with shoulder-length hair. He opened a channel on YouTube last summer and worked in the basement of a rented house in Wilmington, Massachusetts, to avoid disturbing his sleeping daughter. In this channel, Jill peddles GameStop stock and Belgian beer. His favorite is the Delirium Tremens brand.
Jill is full of notes about stock trading in this notebook
In a recent YouTube live broadcast, he was wearing a red headband and aviator sunglasses to answer questions about stocks. He poured himself a glass of Prosecco, then switched to beer, and celebrated his fortune in the seven-hour event, while yelling at the large audience and investors in front of the camera. This video has received more than 200,000 views.
Gill’s username on the WallStreetBets forum should have reflected a belief in value investing, which is to buy company stocks that are cheaper relative to fundamentals. Jon Hagedorn, director of training in Longconkoma, New York, said that among many fans, Jill is “regarded as the greatest legend in WallStreetBets history.”
GameStop’s crazy rise seems to be out of the standard for measuring the company’s value, which has sparked complaints about whether investors uniting to provoke this frenzy is equivalent to manipulating the market. The U.S. Securities and Exchange Commission (SEC) said on Friday that when the facts show that there is abuse or manipulation of trading activities, the agency will take action to protect retail investors.
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Jill said he has not been questioned by the SEC. Jill’s mother recalled: “When this madness started, the first thing I asked him was: Is it illegal or fraudulent? He replied: “No, Mom, this does not belong to either of the two. .'”
In high school, Jill was a long-distance runner. When he was studying at nearby Stonehill College (Stonehill College), he won a national competition and graduated from the college with a major in accounting in 2009. Jill then moved to New Hampshire for a few years and found a mentor, an investor and software developer introduced to him by his aunt.
Jill holds the title of Chartered Financial Analyst, and said that he was attracted by the complexity and challenges of stock picking, which became an outlet for his energy. Jill started working for the insurance company MassMutual in 2019.
In the summer of 2019, Jill started to establish his position in GameStop and will post a screenshot of his E*Trade account option position on the WallStreetBets forum. A trader posted a screenshot of Jill in September 2019 and asked: “Gosh, what made you lose $53,000 on GameStop?”
In the next few months, Jill will post regularly and release the so-called “GME YOLO update”, where GME refers to GameStop’s stock code, and “YOLO” represents the mantra of “you only live once” . Jill usually directs to show screenshots of tens of thousands or more of dollars in earnings, or screenshots of his investment plummeting.
At the end of the YouTube video, Jill and his audience will ask the “Black Eight” questions about how the stock will perform
Jill insisted on trading GameStop, and his bet became a legend among retail investors. For fans, Jill took advantage of the desire of millions of amateur investors across the United States to try stock trading. Transaction fees have been reduced to zero, and the app allows investors to buy and sell stock options on their mobile phones. Since online communities are flooded with enthusiastic helpers, it has become easier to enter the market.
Many investment rookies trapped at home during the new crown pneumonia epidemic said that they chat with others online to discuss stock or option transactions, and listen to those who make profitable bets.Note the opinions of people, which comforts them.
Of course, the discussion is not always positive. The Reddit offline chat room related to WallStreetBets is full of obscene, racist and anti-gay comments. Many people on the platform slammed the powerful figures on Wall Street, and some expressed their hope to see financial professionals lose their money. Jill said: “I opened an education channel and showed my investment philosophy there.”
Internet celebrity investors attract attention
Many people on Wall Street disagreed with Jill’s optimistic view of GameStop, so they were hit hard. Hedge funds and other investment professionals are betting that their stock prices will plummet. In order to short a stock, the hedge fund borrows the stock and sells it, hoping to buy it back at a lower price and return it later. This allows them to take the difference between the two transaction prices as their own. But when a short-selling stock performs such a dramatic rebound, short-sellers become painful, often forcing them to exit positions by buying the stock at a loss. In turn, this will stimulate the stock market to rise sharply, which is known as “short-squeeze.”
The bearish positions of hedge funds are part of the reason why many small GameStop investors are attracted, and they anticipate a “short-squeeze” phenomenon. Gil said that his investment strategy is not entirely dependent on short selling, but he knows that others may also be betting on this. So far, the professionals have proven wrong, and they have allowed Jill and other individual investors who made big bets on GameStop to make a lot of money. Hedge funds such as Melvin Capital Management and Maplein Capital were mocked by Reddit investors.
Many other people flocked to GameStop, trying to “ride the moon” as many Reddit investors say. Retail investors have also bought shares of companies such as the theater chain AMC, hoping to seize the similar momentum and make quick profits. According to data this week from global media intelligence company Meltwater, in the past month, there have been hundreds of thousands of posts about GameStop on Reddit, Twitter and Facebook. Data from Dow Jones Market shows that as the stock has soared, its stock trading is frantic, making the stock one of the most popular bets on the US market in recent days.
Experienced traders began to consider the behavior of Internet celebrity investors such as Jill. Chicago Option Pit founder Mark Sebastian (Mark Sebastian) has been an options trader for about 20 years. He developed a filter that analyzes a large number of stocks to find those stocks that are actively traded by retail investors. He buys or sells options based on which stocks are gaining momentum in an attempt to make money. Recently, although he said he is not a fan of AMC, he also joined AMCFanatic ranks. Sebastian said: “We are trying to bet on these companies before they take off completely.”
Jill said that his life has changed overnight, but he has not made plans for the future. He wants to continue to stick to his rant kitten channel on YouTube, and maybe buy a house. He said: “I only thought that this trade would be a success, but I never expected the enthusiasm of the past week.” He always had a dream in his mind, that is, to build a large house with indoor track and field facilities or sports fields in his hometown. Now it seems that this dream can finally be realized.