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Bed, Bath & Beyond Stock -- OOPS!

posted 2 years ago by MAG768720 2 years ago by MAG768720 +18 / -2

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.

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– Khakiclay 3 points 2 years ago +3 / -0

Not selling is the point when you want to put the hedge funds out of business. If they sold it $400 it would have completely negated what they were trying to do to start with. Continue to create more scarcity by never selling and continue to buy until they're forced to pay outrageous prices cuz they can't get anything

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– MAG768720 [S] -1 points 2 years ago +1 / -2

Right. I understand the concept.

I think it is a bullshit story.

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