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The Portfolio Armor Substack
Trade Alert: GameStop Again

Trade Alert: GameStop Again

After today's spike above $40, we're placing another trade on it.

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Portfolio Armor
Jun 06, 2024
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The Portfolio Armor Substack
The Portfolio Armor Substack
Trade Alert: GameStop Again
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An AI image of an anthropomorphic cat trading stocks.

Roaring Kitty Pumps GameStop Again

As I mentioned in my previous GameStop (GME 0.00%↑) trade alert, I’ve been bullish on it recently in the teens and bearish on it above $40.

Trade Alert: GameStop

Portfolio Armor
·
June 4, 2024
Trade Alert: GameStop

Roaring Kitty Returns “Roaring Kitty”, as the meme stock investor Keith Gill calls himself, returned to X after an absence of three years last month, and posted a few memes, with no specific stock commentary. On the basis of that alone, GameStop Corp.

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GameStop just spiked above $40 again today after Keith “Roaring Kitty” Gill announced he’d be doing a livestream about the stock on YouTube tomorrow.

We already have our market neutral trade in place on GME, but with this move over $40 I’m adding a bearish bet against it here.

Details below.

Our Bearish GME Trade

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