Bed Bath and Beyond - Unfinished Business
Diupdate
The Marxist-Leninist Reddit public relations firm/Wumao-backed brigade told you to buy BBBY at $24 and $30 because RYAN F'IN COHEN.
They really are aggressive, cool, and totally unscrupulous.
You know, because they have your best interests in mind and want you to get rich, and quick!
Then Ryan Cohen sold his 5 million shares at an average price of $18. On Monday, BBBY will probably be back to $6-8.
Prominent people tend to get out of the pump and dump scams early so that when the calamity strikes and the House Committees and the SEC go and do their probes, they have culpable deniability.
I've heard that BBBY has hired insolvency attorneys and that suppliers aren't delivering goods to the company anymore because they have bad credit and aren't paying.
All of the above is true. It's also true that this market cycle is a pump and dump. You're holding a hand grenade without a pin if you are holding this stock.
However. Is it time to capitulate if you're still diamond handsing the top?
Forget about Ryan Cohen. Ryan Cohen is a red herring.
Consider that Citadel, arguably one of the most prolific and dominant market makers, is still holding 2.25 million shares.
I'm wholly critical of this stock and this pump and dump. However, If you're still "hodling" bags, I think there's a good chance you see a chance to get out over $30 before September is over. Maybe put in some limit orders because you don't know how many seconds you'll have to get out.
So don't follow the Communist Party on Reddit into capitulating on Monday and Tuesday when this rag is single digits again and everything is down 10% and crypto is down 20%.
And even less should you follow the 50 Cent Brigade to buy back higher if BBBY runs to $45 and $60.
And if you're not bag holding, I really encourage you to keep your risk to a minimum. Really, don't go gambling. The worst thing that can happen to you if you do is that you'll win.
If you want to trade this then consider buying when it's down and don't chase it when it goes up. And get out quickly, because when Citadel dumps their bags, this really is going below 1993 levels and will probably be delisted in the end because bankrupt.
Even the entire Universe explodes and dies one day, let alone these corporations we have today. Even Apple will be gone one day, let alone this scam that only ever existed to import crap made under the Chinese Communist Party to keep the USD blood transfusions running so the Party could continue persecuting humanity for a few more years.
But the Party's day to vanish is right on your doorstep. And then what happens?
They really are aggressive, cool, and totally unscrupulous.
You know, because they have your best interests in mind and want you to get rich, and quick!
Then Ryan Cohen sold his 5 million shares at an average price of $18. On Monday, BBBY will probably be back to $6-8.
Prominent people tend to get out of the pump and dump scams early so that when the calamity strikes and the House Committees and the SEC go and do their probes, they have culpable deniability.
I've heard that BBBY has hired insolvency attorneys and that suppliers aren't delivering goods to the company anymore because they have bad credit and aren't paying.
All of the above is true. It's also true that this market cycle is a pump and dump. You're holding a hand grenade without a pin if you are holding this stock.
However. Is it time to capitulate if you're still diamond handsing the top?
Forget about Ryan Cohen. Ryan Cohen is a red herring.
Consider that Citadel, arguably one of the most prolific and dominant market makers, is still holding 2.25 million shares.
I'm wholly critical of this stock and this pump and dump. However, If you're still "hodling" bags, I think there's a good chance you see a chance to get out over $30 before September is over. Maybe put in some limit orders because you don't know how many seconds you'll have to get out.
So don't follow the Communist Party on Reddit into capitulating on Monday and Tuesday when this rag is single digits again and everything is down 10% and crypto is down 20%.
And even less should you follow the 50 Cent Brigade to buy back higher if BBBY runs to $45 and $60.
And if you're not bag holding, I really encourage you to keep your risk to a minimum. Really, don't go gambling. The worst thing that can happen to you if you do is that you'll win.
If you want to trade this then consider buying when it's down and don't chase it when it goes up. And get out quickly, because when Citadel dumps their bags, this really is going below 1993 levels and will probably be delisted in the end because bankrupt.
Even the entire Universe explodes and dies one day, let alone these corporations we have today. Even Apple will be gone one day, let alone this scam that only ever existed to import crap made under the Chinese Communist Party to keep the USD blood transfusions running so the Party could continue persecuting humanity for a few more years.
But the Party's day to vanish is right on your doorstep. And then what happens?
Catatan
The Reddit brigade is encouraging negative feelings, doubt, uncertainty, and capitulation this morning:Here's a brief summary of some thread titles
"
1K => 69k => 6.9k in three weeks. Thank you and f*** you BBBY.""BBBY bag holder, down 112k after being up 300k, what to do, what to do?"
"This BBBY situation is quite comical, and psychologically fascinating to say the least."
Everyone who's actually lost money on a trade understands that one doesn't generate these kinds of thoughts at the time.
Reddit is a public relations firm-backed influencing site that more or less just pushes pornography and atheism. Stop reading it.
Catatan
Lo and Behold, once BBBY filled the "It's a Tarp" gap and bounced $1 away before close, around 10:30 EST tonight, news hits that its secured financing to stay afloat.wsj.com/articles/bed-bath-beyond-clinches-loan-deal-11661301078
Catatan
BBBY is supposed to unveil its "plan" on Wednesday, which happens to be the last day of the month.Based on this morning's price not being able to exceed $12, I'd gander Monday and Tuesday are dumpy and that $8-9 gap may really have been a "tarp."
Catatan
I suspect that Wednesday's plan unveiling has nothing to do with Buy Buy Baby being spun off for shareholders and is a total let down. $13 and $14 longs will feel pain.Most likely the moon is in September, if it's there at all.
Catatan
Down 30% premarket after the "update" turned out to be a blood bath that had nothing to do with Gamestop buying Buy Buy Baby. Reddit is not your friend, mate.
Catatan
Expect numbers like $6.50 - $5.75 and then everyone stops talking about BBBY.Catatan
The CFO apparently "committed suicide" nypost.com/2022/09/04/bed-bath-beyond-exec-gustavo-arnal-idd-as-nyc-jenga-building-jumper-source
Arnal sold some 54,000 shares at an average price of $25 during an automatic sale of holdings during the pump part of this scam.
Reddit is a garbage dump that serves only to ruin your life.
Catatan
Remember this? Bed Bath is trading under its 2020 low. Arguably a buy considering it's going to get pumped again.
Catatan
Remember when the Marxist brigade on Reddit, which is all a bought and paid public relations firm, told you to invest your life savings in BBBY because Ryan Cohen bought Jan '23 $15 calls?You know, the same month they're about to enter bankruptcy.
Remember when WallStreetBets was telling everyone how to take their BBBY shares into private custody because there's going to be a Buy Buy Baby split that will make Bed Bath and Beyond the next AMC/APE?
Remember when you were told to HODL HODL HODL DIAMOND HANDS as it fell under $6 and didn't bounce?
The moral of the story is Reddit is Chinese Communist Party backed poison and you need to quit it like an alcoholic needs to quit $9 vodka.
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