Keith Gill, famously known by his online alias “Roaring Kitty,” is once again at the center of controversy, as Citron Research claims his current position in GameStop (GME) more closely resembles market manipulation than traditional investing. A prominent short seller of GameStop, Citron Research has publicly expressed criticism, alleging that Gill’s actions lack a solid investment thesis and veer towards manipulation.
On June 3, Citron Research made their stance clear through a social media post. The firm highlighted that Gill’s large account and significant near-term option positions could be perceived as manipulative behavior. They underscored this by noting the exponential rise in GameStop’s stock price, quoting a 2,000% increase since Gill’s first video on the subject nearly four years ago.
This wave of allegations arrived just after Gill announced a substantial profit from his GameStop holdings, claiming he is up by over $300 million. Should the stock price continue its current trajectory, he could potentially become the first GameStop billionaire by the week’s end. A screenshot shared by Gill revealed he had acquired five million GME shares for $115.7 million and invested another $65.7 million in call options, predicting the stock price would hit at least $20 per share by June 21.
Adding to their accusations, Citron Research suggested that Gill might have financial backing from a larger entity. They asserted, “There’s no way he made this size trade alone given his reported finances,” implying a probable behind-the-scenes supporter. This insinuation was met with skepticism from many corners, as Citron’s own credibility with respect to GameStop remains contentious.
Citron Research’s own history with GameStop is tumultuous, to say the least. The firm had to close its short positions in 2021 at a massive loss after retail investors, galvanized by Gill’s videos, sent the stock price soaring. Recently, Citron announced they were taking another short position in GameStop, as publicized by the Kobeissi Letter on June 3. Their checkered past with GME includes losing over $100 million due to the 2021 short squeeze.
The latest allegations from Citron have sparked a notable backlash among retail investors. Many took to social media to defend Gill and question Citron’s motivations. One pseudonymous investor, Fitzzzy, pointed out that Gill had been making significant trades months before the recent spike, suggesting there was a thought-out strategy in place. This rebuke was echoed by another user, Comedyorwat, who questioned the transparency of Citron’s own short positions.
Further fueling the debate, an anonymous financial researcher known as Wolf of My Street referenced the 2021 raid on Citron Research founder Andrew Left’s house by federal agents. The involvement of law enforcement in investigating alleged misconduct on Left’s part only adds complexity to the narrative, making Citron’s latest allegations appear even more contentious.
The discord between retail investors and institutional players like Citron continues to underscore the deep divides in the financial markets. As GameStop’s stock remains volatile, the trust and strategies of both sides are increasingly scrutinized. The evolving saga highlights not just the financial risks involved, but also the intense emotions and vested interests shaping market behavior.
Keith Gills transparency vs Citrons secrecyeasy pick! Roaring Kitty all the way!
Keep defying the odds, Roaring Kitty! Citron’s credibility is shaky at best.
Sounds like Citron’s just looking for a scapegoat after their own failures with GME. Not cool .
Citron’s complaints are just jealousy. Keith Gills brilliance speaks for itself!
Keith Gill for market president! 🏆 Citron’s just upset they can’t control the market anymore. 🚀🌠
Honestly, it feels like a shady play by Citron to just discredit Gill . Their own history with GME is messy. Whos to say they arent the ones manipulating?
Let’s go Roaring Kitty! 🦁 The haters are just mad they missed out. Citron needs to accept they were wrong. 📉✨
Citrons taking another short position right before slandering Gills name? Thats manipulation in plain sight! .
Roaring Kitty is the hero we needed! 🦸♂️ Citron needs to get over their past mistakes. 💥🚀
Roaring Kitty is the real deal! Citron’s claims are just desperate attempts to stay relevant.
Roaring Kitty inspires us all! Citrons accusations sound like a losing bet.
No surprise here! Citron can’t stand seeing Keith succeed where they failed. 🏅 Go Roaring Kitty! 🚀🌠
Keith Gill is changing the game and showing the power of retail investors! Citron should take notes.
Market manipulation? Sounds more like strategic investing! Kudos to Keith Gill. Citron is triggered.
Roaring Kitty has always been transparent. Citron, not so much! Keep fighting the good fight, Keith!
Citron Research accusing others of manipulation is rich. Pots and kettles. 🖕
Citron just cant get over their past losses, so now they’re attacking Gill. Sad attempt at deflecting blame .
Keith’s making financial history! 📈 Citron’s allegations are just noise. Keep soaring, Kitty! 🚀🌟
I dont trust Citrons allegations at all. Given their massive loss previously, they have a clear motive to attack Keith Gill. Smells fishy .
Keith Gills moves always seem well-planned, unlike Citrons desperate accusations. Its clear whos more credible here. .
Keith Gill has been open and honest from day one. Citrons integrity? Not so sure.
Citron is just mad they got burned before and could be facing the same fate again. Keith Gill for the win!
Hats off to Roaring Kitty! 🎩 Citron needs to take a long, hard look in the mirror. Total respect for Keith’s strategy. 🌐🚀💎
Go Keith! Citron’s just trying to knock you down because you’re winning!
Citrons credibility is zero after their 2021 fiasco. Now they want to point fingers? Not buying it. Keith Gill has more transparency than these clowns.
Keith Gill has turned GME into the people’s stock! Citron just seems bitter. Stay strong, Roaring Kitty!
Another win for Roaring Kitty! 🚀 Citron’s just trying to sabotage their way out of another loss. 💥🖥️
Citron Research has ZERO grounds to talk about manipulation after their own mess in 2021. Ridiculous .
Roaring Kitty’s got all of our support! Citrons bitterness cant overshadow his accomplishments.
Feels like Citron is throwing a tantrum because they can’t win against retail investors. Grow up, Citron!
All aboard the Roaring Kitty train! Citron needs to realize theyre up against a legend.
Accusing Keith Gill of manipulation? Thats rich coming from Citron . Sounds like a strategy to save face after their own massive GME losses.
Roaring Kitty shows what research and bold moves can do. Citron looks desperate here.
From the start, Keith’s been a champion for retail investors. Citron’s losing their grip.
Keiths doing what any smart investor would do, taking advantage of opportunities! Citrons just scared of another squeeze!
Citron is just upset that retail investors beat them at their own game. Accusing Roaring Kitty is just a deflection .
Roaring Kitty is a genius, pure and simple! 🧠 Citron’s claims sound like sour grapes. Keep doing your thing, Keith! 🚀