Game stop Samil Cheonha…Black ants who led the buyout campaign also blew 14.5 billion won in one day

Input 2021.02.04 01:04

Local media reports that individual investors who led the revolt against the short selling powers of GameStop in the US stock market lost a significant portion of their profits due to the plunge in stock prices.

On the 3rd (local time), Keith Jill (34), who campaigned to buy GameStop through the Internet site Reddit and YouTube channel, released a stock account that lost $13 million (about KRW 14.5 billion) in a day on the 2nd. Reported that they did. On the 1st, Jill sent 5.2 million dollars (about 5.8 billion won).

This loss is due to the fact that GameStop shares plunged 30.8% on the 1st and 60.0% on the 2nd. Jill has 50,000 GameStop shares and a call option, the right to buy shares. The value of Jill’s stock valuation once reached $33 million (approximately 37 billion won), but profits declined as the gamestop stock price plummeted.

However, Jill said he still earned 7.6 million dollars (about 8.4 billion won) from his investment in GameStop. Even after the plunge in stock prices, he sold the stock and said he did not realize profits.

Jill invested 53,000 dollars (about 59 million won) in GameStop in June 2019. Afterwards, he led the rebellion of ants against the short selling of hedge funds on Reddit’s stock discussion room’Wall Streetbets’ and his YouTube channel’Roaring Kitty’.