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.
You guys wanna see a REAL short squeeze?
Maybe the biggest in stock market history.
Check out HKD.
From $18 to $2,555 in a matter of 8 days.
Then ... it crashed and burned.
Like always.
If you bought at $18 and sold at $2,500, you got a once-in-a-lifetime gift.
But I didn't, and neither did you.
THAT is a REAL short squeeze.
The one on GME back in JAN 2021 was, too. But guess what?
It didn't last, either. (Like I predicted at the time.)
HKD wasn't a squeeze. It was a brand new IPO with no shorts or options chain. That was market manipulation aka CRIME.