Is Roaring Kitty Back For Round 2? GameStop Posts Flood WallStreetBets As Traders Eye Massive Gains: 'We Are So Back'

Support for GameStop Corp GME stock is still incredibly strong, as evidenced by the remarkable surge in the stock on Monday following a meme posted by the man who’s often credited with kicking off the meme stock mania of 2021.

Here’s a look at what retail is saying about a potential round two.

What To Know: Keith Gill, best known as "Roaring Kitty" on YouTube and X and "DeepF***ingValue" on Reddit, made his return to social media over the weekend following three years of silence.

It only took one meme to get the GameStop gears turning again — an image featuring a sketch of a person leaning forward in a chair. He has since posted three videos to his X account Monday, suggesting he is still keeping an eye on GameStop.

GameStop stock awakened from a long slumber and surged more than 100% on abnormally high volume Monday morning before pulling back slightly. The stock was still up approximately 70% at publication time.

Gill posted a series of videos on YouTube in 2020 leading up to the historic short squeeze, detailing why he believed the stock was undervalued. When the stock started squeezing to the upside in early 2021, he began posting updates of his positions on Reddit’s r/WallStreetBets, which helped cement the message board as the main stomping ground for retail traders looking to push back against big money on Wall Street.

Check This Out: Who Is Roaring Kitty? Why Does His Return To Social Media Matter For GameStop Stock?

Why It Matters: GameStop is the top trending stock on r/WallStreetBets Monday morning with traders discussing a potential return of meme mania, led by GameStop.

“Oh we are so back,” u/most-regarded said in a post showing GameStop shares gaining momentum in premarket trading.

The post has more than 11,300 upvotes and nearly 850 responses at the time of writing, but some users remain skeptical.

“I think institutional investors are pumping it for a Monday morning rug pull,” u/iamwhiskerbiscuit replied.

“Lmk when it hits the peak so I can buy some,” another user joked, referencing the historic short squeeze and subsequent fall in 2021.

Another post on r/WallStreetBets from u/New-Set-3059 showed that one trader placed an $80,000 bet on GameStop stock, buying call options at a strike price of $30, expiring in June. The Redditor noted that the forum was not allowing him to include the ticker. In a separate post, a r/WallStreetBets moderator said the group was limiting the number of GameStop posts on the subreddit.

GameStop is also trending across other social platforms including Stocktwits and X. Several traders on Stocktwits are calling for a multi-day move in the stock given the excitement surrounding the return of Gill. They appear to be urging others to buy and hold the stock in an attempt to squeeze short sellers out of the name, similar to what happened the first time around.

Barstool Sports founder Dave Portnoy also took to X to applaud the return of Roaring Kitty.

“@TheRoaringKitty tweeted again and $gme is up 50% and $amc is up 20%. I f***ing love the internet,” Portnoy said.

X user unusual_whales noted in a post Monday morning that GameStop’s entire option chain for the nearest expiration was in the money after the stock hit $36 in early trading.

Gill has continued uploading videos on Monday with GameStop stock seeing a surge in buyer interest. He still has not uploaded a video to his YouTube account in approximately three years and there has been nothing posted on his Reddit page since he posted in April 2021 showing that he was still holding over $30 million worth of GameStop shares in what he called a “final update.”

See Also: GameStop Shares Surge As ‘Roaring Kitty’ Resurfaces After 3-Year Silence

GME Price Action: GameStop shares were halted for volatility several times on Monday. The stock was up 70.76% at $29.82 at the time of publication, according to Benzinga Pro.

Photo: Sergei Tokmakov from Pixabay.