Roaring Kitty reemerges as GameStop shares drop without a clear game plan

“Can you hear me now?” Keith Gill began the broadcast. “I kind of forgot how to do it.”

In 2021, an influencer known as Roaring Kitty led a retail investor movement that sparked an extraordinary surge in shares of the embattled video game chain GameStop, convulsing Wall Street, and Mr. Gill became an internet star and testified before Congress about his bullish stance on the stock.

And then he disappeared. For years after the stock market turmoil began, Gill remained silent online, even as a Hollywood movie was made about his battle with the financial establishment.

Last month, a series of cryptic social media posts suggested Roaring Kitty had woken up from a three-year slumber, reigniting a volatile rally in GameStop shares. But they raised more questions than they answered.

Hundreds of thousands of viewers were waiting when Gill reappeared on YouTube today, but those tuning in hoping for an explanation were in for a frustrating 50 minutes.

The first time GameStop's stock price surged in 2021 was Loss-making companiesThree years later, the company is still unprofitable and struggling to find its place in the modern gaming industry.

Its latest earnings report, released just before Roaring Kitty was released, revealed a steep decline in sales since the start of the year. GameStop also Confirmed Plan The company plans to take advantage of the recent surge in its share price by selling up to an additional 75 million shares.

“We will not be holding a conference call today,” GameStop said in a brief press release, without explaining any reasons for the poor performance. The company's shares fell by about 25 cents and trading was halted multiple times.

Retailers weren't ready for the market, but one enthusiastic follower was happy to oblige. Gill reappeared with his arm in a sling, his head bandaged, his face in a bandage, and sunglasses. With the sound of life support machines ringing in the background, he pretended to be dead.

Keith Gill Livestream on June 7, 2024. Photo: YouTube

“Yeah, that was close,” he laughed, thanking the audience for bringing him back to life, even as the stock price of GameStop Corp. showed up in the background and looked far from healthy.

Gill was keen to dispel the rumours: “This is me, by the way,” he said, stressing that he controls his own dealings and social media accounts and does not work with anyone else.

So why the return?

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Despite speculation that he might offer new information to explain his confidence in the fading retailer, Gill clarified that he had “no concrete plans,” instead rambling on about movie memes, playing with a Magic 8 Ball and thanking his followers for their well wishes ahead of his birthday.

“It's been a few years now. How are you all?” he said. “I'm so glad to be back.”

Gill reiterated his long-held belief that GameStop's management would one day reinvigorate the chain in some way, but this is hardly a new revelation. Gill hastened to add that while it's not a guarantee, Ryan Cohen, the billionaire entrepreneur who heads the company, “seems to be doing the right thing.”

“In this case, absence of evidence is not evidence of absence,” he argued about GameStop's recovery, but the company's shares continued to fall when it became clear that his livestreams would not be covering any significant news.

“I haven't said anything right,” he continued. The stock price had fallen 40% since the start of the day. “I'm just saying something wrong. Where's the eject button?”

After a while, he found and pressed it. “A toast to everyone,” Gil said, taking a swig of his beer, and finished. “We'll see what happens next.”

Source: www.theguardian.com

Queensland’s Gateway: From a Roaring Category 4

A satellite image of Tropical Storm Jasper taken on December 12, 2023 by the Moderate Resolution Imaging Spectroradiometer aboard NASA’s Aqua satellite.

The first storm of Australia’s tropical cyclone season has headed towards Port Douglas.

The 2023 tropical cyclone season will occur in the Atlantic Ocean and Northeast Pacific Ocean. nearing the end, but in the southern hemisphere near Australia, it’s just getting started. The region’s first tropical cyclone of the season formed in the first week of December in the Coral Sea.

MODIS (Moderate Resolution Imaging Spectroradiometer) NASA‘s Aqua satellite captured images of Tropical Cyclone Jasper approaching northeast Queensland on December 12 at 04:10 UTC (3:10 p.m. local time).

With maximum wind speeds of 220 kilometers per hour (140 mph), the storm had earlier intensified rapidly, reaching Category 4 strength in the upper atmosphere. saffir simpson scale. It then weakened under the influence of dry air and wind, preventing a more symmetrical structure and clearer eyes by the time this image was taken.

with the forecaster Joint Typhoon Warning Center Jasper is expected to strengthen slightly on its final approach and make landfall near Port Douglas with winds of 120 kilometers per hour (75 miles per hour), making it a weak Category 1 storm.In some areas you can receive up to 30cm The Australian Bureau of Meteorology said 12 inches of rain fell in six hours and up to 50 centimeters in 24 hours.

Used by forecasters at the Joint Typhoon Warning Center observation From NASA’s TROPICS (Time-Resolved Observation of Precipitation Structure and Storm Intensity by Small Satellites) mission. their analysis The strength of the storm before landfall. Tracking storms with TROPICS is expected to improve our understanding of the processes that cause the rapid intensification of tropical cyclones. Each of his five satellites in this constellation carries a cross-track microwave sounder that makes observations at 205 gigahertz, which improves observations of storm cloud structure.

among them Announcement of seasonal outlook In October, the Australian Bureau of Meteorology predicted that Australia would have fewer tropical cyclones than usual this season. El Niño.Satellite observations collected since the 1970s It shows that the number of such storms forming near Australia is gradually decreasing.of Sixth Assessment Report More from the Intergovernmental Panel on Climate Change Projects downward trend In the future, the frequency of tropical cyclones in Australia will increase, but the proportion of severe storms will increase.

NASA Earth Observatory image by Michala Garrison using NASA EOSDIS LANCE and MODIS data from GIBS/Worldview.

Source: scitechdaily.com