Starting on September 8, 2019, WallStreetBets /u/deepfuckingvalue Keith Gill started posting regular updates with the value of his GME YOLO portfolio. I was curious what this would look like charted out to see just how wild of a ride this has been for him. And holy smokes, this chart does not disappoint.
Let’s start with the full timeline from September 9, 2019 to his last update on February 3, 2021. His portfolio started with a total value of $113,962.21 with $100,000 being GME stock and options. As of market close yesterday, his portfolio was at $22,425,567.62 with $8,608,000 being GME stock and options. Yikes. But this doesn’t tell the whole story of how wild a ride it has been.
Prior to October 2020, his GME portfolio hovered around $100,000 give or take for almost a year. This guy clearly has conviction. Imagine sticking with a crappy brick and mortar video game company for that long and literally make nothing?
Now let’s zoom in on the chart when the legend of /u/deepfuckingvalue was born.
On August 1, 2020, his portfolio was $112,238.78. By month end, it had jumped to $612,191.84 and that’s when things really started cooking with gas. By the end of 2020, his portfolio was sitting at a cool $3,183,460.99. Just a meager 2,796% return. NBD. Most sane people at this point would probably say, “Ya know, I’m good with this return. Don’t want to be greedy. Let’s GTFO of this clown show stock.”
But what did this legend do? He unzipped his boot cut Wranglers using hands that were forged at a high temperature and pressure and absolutely flopped his massive nuts on the table. He went in for another 40,000 shares at about $17/share. This guy not only has diamond hands, he has balls of steel.
Now let’s zoom in to when things went absolutely off the charts bonkers in January 2021.
At about mid-January, he started to sell off some GME, but still had huge gains he was letting ride. He made his biggest sale on January 27 when GME closed at about $330 to pile up $13.8 milly in cash, which is where he sits as of February 3rd.
I estimated that his portfolio peaked at about $60 million intra-day on January 28th when GME spiked to $480/share. AND HE STILL HELD THE LINE! I’m breathing into a paper bag to keep from having an anxiety attack just typing this. This guy has either huge conviction or is mentally ill. Maybe both.
In the six trading days since his GME holdings peak of $34 million on January 27, I’m estimating he has lost ~$29 million as of close on February 4. Let me say that into your good ear – he has lost ~$29 million in 6 days. Yiiiiikes.
As of today (February 4), GME dropped another 42%. That means he still has about $5 million in GME holdings and a total portfolio value of about $19 million.
Whatever the final outcome, this man is a living legend. I have my money on Christian Bale playing him when the movie comes out.
You can follow Keith Gill on Twitter @TheRoaringKitty and on his YouTube channel.