Keith Gill, better known as "Roaring Kitty," made his livestream return, reaffirming his belief in GameStop (GME) after spearheading the 2021 short squeeze. Noor Al, Head moderator of Reddit's WallStreetBets forum, and Stocktwits Head of Market Research Tom Bruni join Market Domination to discuss Roaring Kitty's return and what it means for the meme stock.

"If you're a trader, then you love this volatility. If you're in it for the long haul, then you're super excited that GameStop now has $5 billion or will have $5 billion of cash on hand. So either way, it's a win," Al says. He adds that Roaring Kitty's livestream was "completely on brand for who he is. We saw the exact same authenticity that we did three years ago."

Bruni says that the livestream outlines Roaring Kitty's "ultimate investment thesis," which he explains is a "bet" on Ryan Cohen: "He's really just making a bet on the fact that [GameStop] has a ton of capital available to it now and that he believes in Ryan Cohen as the person to lead the ship," he explains. However, Al notes that Cohen is being viewed as a "villain" by some members of the WallStreetBets community as he decided to release earnings earlier than expected, ultimately stunting the rally's momentum.

For investors looking to hop on the meme stock trend, Bruni encourages them to "know the game you're playing. If you're a short-term trader, this is great. If you're a longer-term investor, you're waiting for these companies to really tell you what are we going to do with this good fortune that we found ourselves in?"

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Melanie Riehl