On Thursday afternoon Eastern Time, Keith Gill, a leading retail investor in the US stock market with the username "Roaring Kitten", suddenly posted a tweet on social media after nearly three months of silence, causing a thousand waves with one stone.
Under this tweet, many netizens speculated on the deep meaning that "Roaring Cat" wanted to express based on various tweet details, and Meme stocks, which may be related to it, also surged on Thursday.
Is' Leading Brother 'back in the world?
Keith Gill, known as the "Roaring Kitten," led numerous retail investors to skyrocket Game Station in 2021, triggering a series of bearish frenzy and thus being regarded as the "leading brother" of US retail investors.
In this tweet on Thursday, "Roaring Kitten" posted a photo of the cover of Time magazine with a blank computer screen displaying the interface of a video player. The video displayed below the computer screen has a duration of 4 minutes and 20 seconds and a playback time of 1 minute and 9 seconds.
Given that this is the first tweet posted by "Roaring Cat" since September, it has attracted high attention from netizens. Although "Roaring Cat" did not provide any textual explanation for this picture, netizens have different opinions on the meaning of this mysterious picture and have given various speculations.
In recent months, Keith Gill has been posting tweets every few days or months, often sparking various imaginations among retail investors and driving up related meme stocks.
Mysterious images spark numerous speculations
In the comment section of this tweet, some netizens speculate that 1 minute and 9 seconds in the picture can be interpreted as 69 seconds, and 4 minutes and 20 seconds represent the number 420.
He believes that the numbers 69 and 420 may suggest a target price for the two most popular Meme stocks, AMC rising to $69 (closing at $5.2 as of Thursday) and GME rising to $420 (closing at $28.63 as of Thursday).
Given that GME itself was the most popular "first generation internet celebrity stock" during the Meme stock frenzy in January 2021, and also the stock that "Roaring Cat" was most optimistic about at that time, because GME's stock price had the most obvious reaction on Thursday: it rose more than 14% during the trading session, but fell back in the late trading session and finally closed up 5.92%.
GME Thursday Stock Price
Some netizens speculate that 420 may imply marijuana, as in the cannabis culture of Europe and America, 420 is usually seen as a code for smoking marijuana, and April 20th is also considered "Cannabis Day" in many European and American countries. Therefore, some netizens mentioned in the comment section that this tweet may be related to the US cannabis ETF - MSOS.
In addition, it has been discovered that the original image of this picture was the cover of Time magazine's "Person of the Year" issue on December 25, 2006. In 2006, Time magazine named 'you' - the general public - as the Person of the Year.
This netizen believes that the key meaning of this image is to celebrate the democratization of information and emphasize that the general public is the driving force of the digital age. Thursday happens to be the historic day when Bitcoin reached $100000, so "Roaring Cat" wants to express that "you" are the driving force of Bitcoin.
Some netizens have also seized on the keyword "YOU" mentioned in the previous text, believing that "Roaring Cat" is implying stocks related to the code in the US stock market. Therefore, on Thursday, Unity Software (stock code U.) During the trading session, the US rose by 8.2%; Airport security system operator Clear Secure (US stock code YOU. US) quickly rebounded, with the daily decline narrowing from nearly 4.6% earlier to 1.15%.
Animal spirit revival?
In the options market, traders rushed to buy Unity call options, with trading volume reaching its highest level since September 24th; Meanwhile, according to data from option analysis company Trade Alert, as of just over 2pm on Thursday, approximately 300000 GME option contracts have changed hands, with trading volume about 1.5 times higher than usual.
The data shows that GME's 30 day implied volatility (traders' expected short-term volatility of the stock) jumped from 93% on the previous trading day to a 3-week high of 132%.
The resurgence of Meme stocks is often accompanied by a general recovery of market enthusiasm and animal spirits, "said Art Hogan, market strategist at Riley Wealth Management." Whenever the market reaches or approaches historical highs, this specific part of stock speculation often reappears