GameStop shoots up double digits on Keith Gill tweet featuring 69, 420

Shares of GameStop were jolted higher by over 10% and halted for volatility after Keith Gill, aka “Roaring Kitty,” tweeted this:

The picture is an edited version of Time Magazine’s “Person of the Year” cover from 2006. 

(It’s you. You — that is, people who post on the internet — were the person of the year, with Bill Gates as your predecessor and Vladimir Putin as your successor.)

AMC, another meme stock, also caught a bid on this micro missive; Chewy, a stock Gill has liked in the past, did not.

This more stripped-down edition of the cover also includes a time bar showing the video at 1:09/4:20. 

I haven’t the faintest clue what the 1:09 is about. GameStop doesn’t have any corporate event scheduled for January 9 (nor does Chewy, for that matter). There isn’t a weekly options expiry that day (that’s the next day). Perhaps Keith Gill plans on making some kind of announcement on Thursday, January 9, at 4:20 p.m. ET? Who knows. There isn’t a ton of open interest in out-of-the-money call options for the January 10 expiry in GameStop, either. We haven’t yet seen any ramps in activity the way we did in late April…

Oh wait. 1:09. 60 seconds in a minute. 69. Well then, that solves that.

On the other hand, 420 is a slang reference for what I want to do after having figured that out.