So much for the "short squeeze" in BBBY, huh?
Down 60% in 3 days.
I hope nobody around here got suckered in by the Reddit touts on that one!
Hard lesson for anyone who did: Short squeezes NEVER go "to the Moon!"
NEVER.
They shoot up, and then they crash back down to reality.
Right. Shot up, and then crashed and burned immediately thereafter -- to the tune of a 93% drop.
Thanks for proving my point.
That is my ENTIRE point.
Duh.
No, the stock touts are NOT telling anyone to sell.
They didn't say sell at $400. They played the Jim Cramer card and said, "Buy, buy, buy!"
You are the ONLY one on here who I have EVER seen to say sell.
The claim is that it will last long enough to bust the system.
That is bullshit. And THAT is what I have been calling out.