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.
Yeah I know. All those people who bought GME and AMC at roughly 5 bucks are really suffering.
It's so bad that GME had to split a single share into 4.....
On a post-split basis, GME closed at $38.37 on 7/21/22, the day before the split.
Current price: $34.95.
Like I said before the split, the split won't matter, in terms of future price.
IF they can get their shit together as a company, MAYBE the stock will have a sustained rally. If not, nope.
a) I don't believe you.
b) If you bought GME at $5, and you had a chance to sell at $400, but rode it back down $80 (pre-split), that ain't something to brag about.
AMC is even worse.
Bruh, if you think stocks are still an accurate reflection of the company's status and potential.
You haven't been paying attention at all. It's one giant casino and the house never loses. That's what it is. Retail are the prey the sharks feed on. Please explain to me how we ever got to a place where Failures To Deliver (FTDs) are okay. How is that helping anyone? Oh, and synthetic shorts? That's been happening since before 2003. And you still believe the price of a stock is representative of the company it's attached to?
BBBY will go to above $80. Just wait. It hasn't truly squozed yet.
It went up over 500%. If that ain't a squeeze, what is?
It is now down over 60% in 3 days.
That's how it works.