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.
Timing the markets is nearly impossible for the retail investor... but, there is a ton to be made on the pump and dumps if you aren't too greedy. I really lucked out with bbby and sold at $27.26 with my 300 shares averaging $11.14. Very glad I didn't jump back in.
If you can catch the tiger by the tail, and let go at just the right time, it can be fun, for sure.
But MOST people don't do that, because the touts don't tell you when to sell.