Bed Bath and Beyond stock (BBBY) tanks on news of layoffs and stock dilution.
Ryan Cohen, Chairman of the Board of Gamestop, and large investor in BBBY, has sold his entire position of BBBY, having possibly previously made false statements about his intentions.
The astonishing rise and fall of Bed Bath & Beyond’s stock price this month has put a spotlight on the investor Ryan Cohen, who through his social media savvy and his portfolio has become a baron of the meme-stock realm.
Cohen is the chair of GameStop, the video game retailer that was among the first stocks to lift off in early 2021 after its embrace by retail traders congregating on online message boards.
Cohen’s tweets and investments are dissected, copied and amplified on social media sites such as Reddit.
Shares in the homewares company had already been surging when on Monday, August 15, Cohen filed documents with the US Securities and Exchange Commission detailing a previous purchase in February and March of a large number of call options on the stock.
The disclosure helped push Bed Bath & Beyond shares up 30 per cent the next day. On Reddit, a forum member posted a meme with a message written below Cohen’s visage. “Howdy folks,” it read. “This is Ryan from the cockpit we’re expecting some turbulence just remain in your seats.”
There was turbulence. On Wednesday, August 17, Cohen disclosed that he was selling his entire stake, and by Thursday he had fully closed his position with a gain of about $60mn. The sales sparked the worst one-day pullback in the history of Bed Bath & Beyond stock.
So ... on Monday, he publicly announces a huge buy in BBBY call options. On Tuesday, he posts on social media, advertising what he did. On Wednesday, he dumps his entire stock position.
Actions of a scumbag.
“A lot of the interest in Bed Bath as a meme stock had to do with Ryan Cohen’s involvement.”
When Cohen tweeted a frog emoji with a picture of an ice-cream cone in February 2021, Reddit posts launched into theories about what it meant for GameStop shares.
A week after disclosing his stake in Bed Bath & Beyond, Cohen tweeted: “Short sellers are the dumb stormtroopers of the investing galaxy.” The following week the company’s shares climbed to their highest level for the year.
As for Bed Bath & Beyond: “The fundamentals have deteriorated significantly since he took his stake,” said Justin Kleber, an analyst at Baird. The company provided a “strategic update” to investors on Wednesday in which it said it had secured more than $500mn in new financing and also planned to cut jobs and close stores. That sent shares tumbling about 25 per cent shortly after Wall Street’s opening bell.
“The obligation that he has, though, is to speak truthfully about his intentions,” said enforcement lawyer and former SEC assistant director, Gregory Bruch. “If his intentions were different than his actions that is [a] basis to conduct an investigation.”
In a letter to the board when he took his Bed Bath & Beyond stake, Cohen said his investment was “maniacally focused on the long-term”.
Yeah ... riiiiiiight.
Except this Bed Bath & Beyond story has a similar smell to other ruthless cronies. Pierre Omidyar is yet another similar story. Coincidentally, he is Jewish too. So, why would the Bed Bath & Beyond CFO, Gustavo Arnal commit suicide if Ryan Cohen was part of the alleged scheme to artificially inflate the Bed Bath & Beyond stock price? After Cohen and Arnal sold their shares at a time the stock was high, the stock began to fall. Why was Arnal (and pardon the expression) the 'fall guy' in this case? Ryan Cohen will attempt to direct all the blame on Gustava Arnal, the now 'conveniently' dead native Columbian Christian businessman. I believe these are not figurative, but actual sacrifices made to Moloch and Mammon. Even Harold Wallace Rosenthal would agree.
One doesn't need to be a rocket scientist to see the impossible odds of a very Jewish Ryan Cohen meteoric rise from a young 'nobody' to billionaire status. Nothing happens by coincidence. Hillary Clinton didn't hit the jackpot in cattle futures. It was all rigged. Her very improbable profit was the Cabal's exercise of their power and it was 'created' for her. The Khazarian mafia rules and control the levers of financial power. Ryan Cohen got where he is because he was chosen, just like Pierre Omidyar, Mark Zuckerberg, Sergey Brin, and Elon Musk were. A small local business having basically nothing to show for success doesn't ever receive a $15 million investment unless the deal is the selling of one's soul is made in exchange. The preferred candidate is having the right ethnic background. This is how the crony-philanthropist of societies are created. Each of them accepted a Faustian Bargain with the devil. These are the up and coming George Soros of tomorrow.
Ryan Cohen made his money with chewy,by offering much better service than Amazon. GME was being cellar boxed and ran into bankruptcy. If Cohen was a cabal minion he wouldn't have turned gme around so hard,and killed the shorts so bad. He fired BCI witch was the consulting company on the inside sabotaging all these companies.
The stock didn't fall because they were selling,it continued to rise afterwords on insane volume. Bbby has 80 million outstanding shares,we had volume of 150 million share or more for several days. They used the news of him selling to justify increasing their shorts to tank the price.
Providing a 'good Jewish boy' analogy while ignoring Cohan's improbable funding raises the same questions as with Pierre Omidyar, Mark Zuckerberg, Sergey Brin, and Elon Musk. It is the elephant in the room. How does essentially a local business 'nobody' from the streets of Montreal get a $15 million deal out of the chute? Hundreds of thousands of people have e-commerce businesses that never exceed a secondary income stream for people. These are all players who typically are house wives and teen kids. None of these people ever see their businesses grow substantially. For Ryan Cohen, who founded Chewy in 2011 this tiny fledgling business received a $15 million investment less than 2 years later. This never happens by coincidence. Never. A small business and its owner always require consistent metrics for proving themselves before financiers. These investments start small with baby step care. Cohen had little provable background whatsoever in business, not even a college degree. An investment in a local business would be believable if the amount was a $15 thousand investment, less believable if it was $150 thousand, not believable if it was $1.5 million, and impossible for a $15 million investment. The investment company, Volition Capital, would require a guarantee on their return on investment. $15 million is an incredible amount to gamble on 'someone' who has no real proven experience on growing a business. There are housewives and teen age kids having more experience than Ryan Cohen did at the time. Then within 3 years in 2016, Cohen secures capital from investors from the top of the financial pyramid including BlackRock and T. Rowe Price New Horizons Fund. By 2017, he raised $350 million and by April of the same year sells Chewy for $3.35 billion to PetSmart in the largest e-commerce acquisition of all time. This story amounts to manna falling from heaven. That is, if you believe these 'miracles' keep happening to the same ethnicity again and again (i.e. Pierre Omidyar, Mark Zuckerberg, Sergey Brin, and Elon Musk, et.al.). It's a rigged game. The players all believe they are to lead Olam Tikkun to prepare the world for the capstone figure to which Lucifer himself will be seated. Ryan Cohen has taken the Faustian bargain to be in the place he is today. He is not America First. Wait and see, he'll reveal himself soon enough and it will not be to mainstream America's liking.
You blatantly miss the point globalhomo can't work against itself.
Profit comes from every corner. So, yes globalists work both sides.