Bed Bath and Beyond - Don't BTFD - Bye Bye, BBBYI heard on Reddit that BBBY is prime for a major pump because Ryan Cohen talked about spinning Buy Buy Baby off into a separate company, which would in effect create an airdrop of new stocks for holders.
I heard on Reddit that BBBY is due for a pump because Ryan Cohen bought Jan '23 calls @ a $50 strike.
I heard on Reddit that BBBY is due for a pump because 45%~ of the float is short sold.
All of the above are true. However, what I would like to point out to you is a few key considerations:
1) The July - August bottom of ~$4.50 was both extended and precariously close to the 2020 COVID bottom. But they didn't break.
2) BBBY is already at this pump's top at sub $14. What comes after a pump?
3) If BBBY is going to spin a second stock in a few months, there's going to be proper accumulation. A proper accumulation requires you bag holders to capitulate.
4) Jan. '23 is four months away. That's a lot of time for you to hold $10 and $13 bags when this thing dumps to its 1993 low and you need to pay $12 a gallon for gas.
Reddit is not a normal social media site. It's a social marketing and social influencing platform, and one with a heavy Marxist-Leninist influence, to boot.
You think you are reading organic comments from other young people, but you are reading the written vomit of a combination of a botnet and a professional public relations firm that front runs the moves.
The purpose is to drag you in and have you donate your life savings so that someone who looks like Sam Bankman-Fried can pay some creditors and then buy another apartment and a new car after you trade your money for their bags.
Monday could go two ways. One is a gap up over $14 and then a dump and the other is just a gap down that doesn't bounce.
Either way, you're now on the wrong side of history to be buying the dip. Don't buy the dip. Your risk is a ~70% wipeout from the nearest gap. If you bought at $13, well, cut your losses and stop gambling.
Be patient and wait a month or two when everything is scary and the Reddit brigade is telling you that BBBY is a total piece of trash that nobody would ever want.
And remember, Redditors are not your friend. They are Fabians.
BBBY trade ideas
BbbyLooking like more downside. 2 solid entries I’d attempt. 14.65 stoploss 13.60
And second and last idea 11.15 stoploss set 10.40. Small risk setups but 2 areas I’m looking for a bounce to come in. If we get a bounce on either of those areas my idea for sell target depends on which we bounce.
14.65 bounce, targeting 23$
11.15 bounce targeting 17$
BBBY: Trading the Meme This stock is all over the news these days.
Many pro traders in the biggest banks are shorting this stock; WSB is longing.
Looking at the monthly structure, it is looking better for bulls in my books. Though some of the juice has already been squeezed, it still has room for further upside for long exposure. For those not in it by now, it will be increasingly more challenging to have a good risk profile from here. At least a 20 dollar per share downside risk if one is to be exposed to short risk at the current market price.
Following this stock as it has some wild moves and will update if anything interesting is happening.
Cheers!
BBBY Reversal $ Target we have huge bearish momentum after hours after we got rejected at our resistant around the 28$, now we have to have a reversal above the 17.60$+, in order to retest this resistant and have a breakout and squeeze over the 30$+, other wise the short will take the price to the bottom price above the 13$+.
BBBY to the #MoonBBBY is trading within graphed channel, i think we will wake up @ $32 or above!!!
This is far from over!!! lst night we fell to 18.01 and woke up at $30!!!
Short Interest Ratio 0.17 Days to Cover
Short Interest % Float 41.86% -
Off-Exchange Short Volume 66,651,279 shares
- source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Ratio 58.02%
- source: FINRA (inc. Dark Pool volume)
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$BBBY (Bed Bath & Beyond) Just here to offer a higher time frame perspective, which is often overlooked, for this trendy stock.
Just note as, despite the strong rally it has been subject to month to date, it is and has been on a steady downtrend since the beginning 2021. The downward sloping trendline has been thoroughly respected, just like it is working as resistance to the current candle.
Also important for the bulls out there, note please that the longer term momentum is no longer controlled by the bulls. As a matter of fact, the size of the bearish candles throughout this downtrend has been massive (to be fair volume for these candles has been low, but price is price).
For the bears, bear in mind that stage analysis is suggesting that what could be following is longer term uptrend. This stock has been in a longer term downtrend since the beginning of 2014. Note how an RSI bullish diversion made way for a trend reversal starting in 2020. Couldn't we argue that we've been in an accumulation phase from a longer term perspective, since then? Since then, there has been something unprecedented stepping into this market, a lot of above average sized bullish candles, to sustain this idea.
Having this said ... What I like the most about this chart iis the fact that the price is trading at an inflection point.
It trades and closes below the current demand area, then we have a bearish trigger. In such a scenario, the bulls which have been giving support to this market would no longer be there or would be seeing an ugly red color in their PnL, very keen to sell.
Conversely, it trades and closes above the yellow trendline and we have a bullish trigger. In such a scenario the trendline that is shaping our downtrend would be broken. Bulls would be stepping in. Immediate long term uptrend? Probably not, but a good sign you can trust the support level defined and also that there are good odds you could be rewarded with a target profit at the first overhead supply area.
BBBY - Will the short squeeze survive?
There´s talk on the intertubes that a short squeeze is in play for BBBY.
From a technical analysis point of view, we do have the conditions to consider all waves down are finished.
Price reached a key resistance in the $13 zone. Only above this level I´ll considered the bullish trend to be in place again.
We could see a pullback on the next few days... depending on the signature of this pullback, there could be a long trade opportunity.