Kellye Johns
Jun 07, 2024 - 03:10

Dear GME Stock Fans: Save the Date for June 7 for Major Update

GameStop's GME stock soars over 40% as meme legend Keith Gill schedules a livestream, sparking speculation and investor excitement.

In the fast-paced world of finance, things can change in the blink of an eye. Just minutes after my recent piece on GameStop's (NYSE:GME) rally was published, we received an update on today's big news. The Roaring Kitty YouTube channel, managed by meme legend Keith Gill, has announced a livestream scheduled for tomorrow, June 7. This news has sent GME stock soaring over 40% at the time of writing, rewarding those who were quick to react.

Speculators were quick to catch on, and the anticipation for tomorrow's livestream has already drawn thousands of viewers. Investors are buzzing with questions and thoughts, eagerly awaiting what insights Gill will share. The commentary alone is expected to be worth the (free) price of admission to this stream.

For followers of the GameStop saga, these past three years have been a rollercoaster ride. From the initial short squeeze to the regulatory interventions that followed, we may now be witnessing the beginnings of another short squeeze or a new rally orchestrated by Gill.

Having followed Gill's Roaring Kitty account in the past, I can attest to the solid fundamental cases he has made for various stocks. It will be interesting to hear his rationale for why GameStop still fits the bill for deep value investing.

Despite facing scrutiny from regulators and brokerage platforms like E*Trade, Gill's livestream is sure to draw attention and spark discussions. The scripted nature of the event and any spontaneous remarks made will be closely watched.

As someone with a vested interest in GameStop, I will be tuning into the livestream and I encourage others to do the same. Stay informed and be part of the conversation surrounding this evolving situation.

On the date of publication, Chris MacDonald did not hold any positions in the securities mentioned in this article. The opinions expressed are those of the writer and are subject to the InvestorPlace.com Publishing Guidelines.