Roaring Kitty (Keith Gill), aka Deep F**ing Value, has once again turned heads with a move that only he could pull off. On June 27, 2024, he dropped an iconic post featuring Chewy's dog logo, signaling that he was riding another hype train. This stirred memories of his GameStop ($GME) pushback in 2021, which ignited retail investors.
On September 30, just four months after making that move, he executed a well-planned sale of his Chewy shares. This wasn’t just about taking profits; it was a calculated statement aimed at highlighting the hidden manipulations within the market. The moment he sold, $CHWY transformed from a typical stock into a catalyst for exposing the games institutions play.
Speculation suggests Roaring Kitty might have quietly repurchased Chewy shares after confirming his sale via the 13G form. It's believed he did so in a way that avoids further formal disclosures, perhaps by staying below a 5% stake or using strategies like options or swaps. If these rumours hold any truth, his plan might involve a self-sustaining FTD flow: a subtle, powerful rhythm linking $CHWY and $GME in a perpetual cycle.
Imagine a flow of FTDs (failure-to-deliver) linking $CHWY and $GME—a continuous, subtle rhythm where one stock’s movement fuels the other. These FTD cycles don't break; they continuously feed into each other, creating ripples in demand and supply that pass back and forth between the two stocks, almost as if they’re locked in a synchronized dance.
As $CHWY and $GME align in this pattern, their price movements become intertwined, setting off an unstoppable rhythm. Changes in one stock’s price ripple through the other, causing a feedback loop that could exploit blind spots in trading algorithms. This creates the perfect environment for Roaring Kitty’s ultimate play: a dual-squeeze, a RED/BLUE play, where both stocks surge together, each fueling the other’s momentum.
This sale marks only the beginning of his strategy. With Roaring Kitty leading the way, we may be on the brink of something huge.