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.
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.
Yes, we agree.
I will tell you one thing that will NOT happen. A $4 billion stock (way overpriced, at that) will not bust a $100 trillion system, which can print more anytime it wants.
WILL. NOT. HAPPEN.
You want to bust the system? I'm onboard.
But GME or AMC or BBBY or any other stock play will never do it.