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‘Roaring Kitty’ Sued for Securities Fraud over GameStop Rise
- deleted 6y ago[deleted]
- tboyd47 6y agoIf Roaring Kitty was wrong, why is GameStop still trading at ten times the price from when he was promoting it?
- ketamine__ 6y agoBecause it is still being heavily promoted. People like Chamath took over the cause to build their own personal brand.
- ketamine__ 6y ago> The would-be plaintiff representing investors in the case, Christian Iovin of Washington state, sold $200,000 worth of call options on GameStop shares when the stock was below $100. The stock quickly eclipsed $400 a share, forcing him to buy the calls back at elevated prices. When you're a gambler what right do you have to sue other gamblers? Also, why does this article have a bunch of typos?
- doublejay1999 6y agoI would like to buy a buy a drink for the Lawyer who sold this case to plaintiffs.
- weare138 6y agoI'm not a finance person here but what's the difference between Gill promoting a stock versus people like Jim Cramer or sites like Motley Fool promoting a stock?