BBBY $ BREAKOUT we got the first sign of reversal once we broke from our bearish channel down below, and now we have a resistant to break around the 3.62$ in order to go to the first profit taking the 4.40$ then the second profit taking and sequeeze level if we broke it around the 5.60. howvere if we go rejected we going to fill the gap above our EMA.
BBBY
BBBY Volume and Short Sale Volume comboWith all the chatter about BBBY. I had to check it out and see where it stands on the price chart. Per trading regulations for Institutional traders. Stocks are supposed to be sold short on UpTick days. I think that is a bit of a misleading technicality. We can see the highest TICKQ readings for BBBY don't correspond with anything significant in the price action. Perhaps simply using the Volume Histogram and the Short Sale Volume Histogram and searching for a combination up Up days in Price and high volume of Short Sale Volume on the daily Close level. historically this would have been useful to see the levels Institutional players were selling from. Seems rather useful. NASDAQ:BBBY
BBBY Bed Bath and Beyond - A High Risk Scalp Is All That's LeftBed Bath and Beyond is a classic case of why you stay the hell away from Reddit, which is partially owned by the Chinese Communist Party's Tencent, and good for very little besides indoctrinating readers with atheism, socialism, Marxist-Leninism's garbage, and a lot of pornography.
I remember during the $10+ August run seeing posts on WallStreetBets and the BBBY subs encouraging people to buy and file paperwork with their brokers for self custody because Buy Buy Baby was supposed to get split off and lead to a moon mission.
Also, RYAN F'IN COHEN!!!!
Other fun posts were propaganda like "Wow this BBBY store just opened near my house! Bullish!" and "Bought my entire family a membership for Christmas xD."
Reddit is not social media. It's a social marketing and social influencing platform where communities are organized from the ground up by professional public relations firms.
Enlighten to it, already.
If you risk your money on the basis of what some alpha-schtick avatar with slicked back hair, a suit, and sunglasses says, you really can only blame yourself when you wind up holding a 95% loser, which is what this thing has become.
Reuters reported on Jan. 5 that BBBY is on the verge of missing a $1.5 billion debt payment on Feb. 1, which will give it 30 more days before it will default, and is on the verge of bankruptcy.
And over the course of 2 days, you lost 47%.
Earnings is coming up on Jan. 10, and for those who bought $1.80 and $1.30 thinking you got a deal, the all time low isn't far away at 88 cents, which was the first month BBBY traded for all the way back in 1992.
You should absolutely expect Bed Bath and Beyond will post dumpster fire numbers with heavy warnings to investors about how things are about to get a lot worse before you buy the dip.
That being said, the only potential profitable trade on this thing before it declares bankruptcy is for it to do something like the piece of trash Upstart Holdings, another Reddit pump and dump, did on its last earnings after it reported a 200% miss on EPS, with a good old fashioned dump and squeeze before falling even farther towards the 12th Layer of Hell.
And the good news is that if you don't get stopped out, you might get lucky and get a retracement to the daily trendline at roughly $2.40 that you can sell at, if the markets go wild on a Thursday CPI miss and whatever ostensibly bullish narrative Wall Street wants to pump FOMC rate hikes with.
SPX500 / ES / SPY - Enjoy the Party While It Lasts
But what I would like to point out to you is that BBBY declaring bankruptcy means that the stock will approach $0.00 legit. In the best case scenario, you might get a buying opportunity before it gets delisted so that you can hold your bag until someone buys its assets and maybe the stock will be worth something again if they don't just liquidate the chain to pay creditors.
A good example is found in Hertz HTZ
It fell from $20 to 0.44 cents and got delisted, and stayed that way for almost 2 years. Then it was worth a lot.
This is called "gambling" not "distressed investing," however.
Another chance you have is found in the precedent of this piece of crap APE "All People Equal" (Thanks Karl Marx and Mao Zedong! Absolute egalitarianism and class struggle is sooooooooo cool!!!!) from the AMC split, which absolutely annihilated really, really bad short sellers trying to pile on to $0.00 once it fell into the 0.60s.
You might also get this kind of squeeze on BBBY if there is news that it somehow won't miss its debt payments, and then $3.50 is incoming. Maybe RYAN F'IN COHEN will Superman and cape in to save the day.
Bed Bath and Beyond is another one of those garbage-style retail outlets that existed to hustle stuff made in the Chinese Communist Party's factories to Americans and Canadians, and now that it's been replaced in usefulness by stuff like Amazon, truly has limited value as a business model.
Amazon AMZN - Manufacturing Support
But they have a lot of stores and a lot of infrastructure, so maybe someone will come along and buy them on the cheap, resurrect BBBY, split Buy Buy Baby, and you'll make a fortune.
If not, you can always complain about Ken Griffin and Citadel with the Redditor Wumao that you still think are fellow bagholders because you don't want to sober up and get off the damn computer already.
Look, if you take this trade, it's a scalp. And it's a risky scalp that might be nice. You literally need to buy the earnings crash, wait and see if Nasdaq wants to go up on Jan. 12, and get out in a profit.
This isn't something to buy and hold, no matter how some "alpha" kid with a bored apes NFT for a profile picture barks about how they "like the stock."
Good. Grief. Don't. Hold. This. Piece. Of. Crap.
Some influencer might "like the stock," but don't you "like" your money?
You can't take BBBY shitcoins to the grocery store to buy rice and you can't take them to the gas station to buy gas.
Never forget this. And never forget to ditch Reddit and the Chinese Communist Party forever.
Get off the computer and go outside more. You'll trade better and lose less/make more money, too.
BBBY $ Breakoutwe have 2 critical area to confirm either a bullish or a bearish breakout around those 2 boxes , the first box we have is from below , which act as a support , between (3.20/3.64$) if we held it ,we going to have test for the above resistant box(4.76$/5.85$), and breaking it will give us a huge pump toward the 3 profit taking .
on the other hand if we didn't hold our box of support, then we going to go toward our bottom price above 2.25$ where we going to have our reversal .
BBBY Short Squeeze unlikely happenI used RSI a lot and in my opinion short squeeze unlikely happen because RSI fell below 70. If it held at 70, there is much more chance of a squeeze.
Now only hope is to hold above 50 so the uptrend may continue. And need RSI to try above 70 again. If not, at best I think we could see $8 max.
For a squeeze to happen we need these conditions:
1) Short squeeze usually happen at overbought condition. RSI needs to hold above 70.
2) Long squeeze usually happen at oversold condition. RSI needs to hold below 30. People often call this "catching a knife".
I could be wrong.
BBBY $ ALERT Squeeze the 4.10$ is where we going to see the mega squeeze , in the mean time we have 2 box to test, the one from above which is a confirmation for bullish contention up towards the 4$+, and the box from below , we need to hold to never have another sell off, and enter a bearish momentum down .
BBBY Squeeze $ Target we have a critical resistant box to clear between the 4.20$/4.50$, if we clear it we going to have the price bullish momentum towards the first profit taking around 5.68$, and then the other 2.
however if we got rejected, we going to have a first reversal from the our support the 3.45%+, and our bottom should;d be above 3$.
We will run to at least $5We just got an enormous buy signal on the 4 hour chart that I like to trade on for swings.
What is super interesting is that max pain sits at $2 for this Friday, which I doubt will be achievable.
maximum-pain.com
What MSM is failing to talk about is the enormous volumes that are being traded. Yesterday alone around 260Million. Is that retail or meme stock traders? I doubt it.
Bed Bath and Beyond - Unfinished BusinessThe Marxist-Leninist Reddit public relations firm/Wumao-backed brigade told you to buy BBBY at $24 and $30 because RYAN F'IN COHEN.
They really are aggressive, cool, and totally unscrupulous.
You know, because they have your best interests in mind and want you to get rich, and quick!
Then Ryan Cohen sold his 5 million shares at an average price of $18. On Monday, BBBY will probably be back to $6-8.
Prominent people tend to get out of the pump and dump scams early so that when the calamity strikes and the House Committees and the SEC go and do their probes, they have culpable deniability.
I've heard that BBBY has hired insolvency attorneys and that suppliers aren't delivering goods to the company anymore because they have bad credit and aren't paying.
All of the above is true. It's also true that this market cycle is a pump and dump. You're holding a hand grenade without a pin if you are holding this stock.
However. Is it time to capitulate if you're still diamond handsing the top?
Forget about Ryan Cohen. Ryan Cohen is a red herring.
Consider that Citadel, arguably one of the most prolific and dominant market makers, is still holding 2.25 million shares.
I'm wholly critical of this stock and this pump and dump. However, If you're still "hodling" bags, I think there's a good chance you see a chance to get out over $30 before September is over. Maybe put in some limit orders because you don't know how many seconds you'll have to get out.
So don't follow the Communist Party on Reddit into capitulating on Monday and Tuesday when this rag is single digits again and everything is down 10% and crypto is down 20%.
And even less should you follow the 50 Cent Brigade to buy back higher if BBBY runs to $45 and $60.
And if you're not bag holding, I really encourage you to keep your risk to a minimum . Really, don't go gambling. The worst thing that can happen to you if you do is that you'll win.
If you want to trade this then consider buying when it's down and don't chase it when it goes up . And get out quickly , because when Citadel dumps their bags, this really is going below 1993 levels and will probably be delisted in the end because bankrupt.
Even the entire Universe explodes and dies one day, let alone these corporations we have today. Even Apple will be gone one day, let alone this scam that only ever existed to import crap made under the Chinese Communist Party to keep the USD blood transfusions running so the Party could continue persecuting humanity for a few more years.
But the Party's day to vanish is right on your doorstep. And then what happens?
BBIG Vimco Ventures - A Classic Triangle PumpI came across this stock the other night when it was trending on Twitter and took a look at it for the first time ever. Apparently Vimco is a holding company that's touted for one of its assets being the "TikTok competitor" Lomotif.
Personally, I think people who are bullish on app clones of big apps are delirious because the reason those big apps get rooted by the establishment are for reasons that have little to do with their technology and everything to do with what is behind them.
In TikTok's case it's the Chinese Communist Party behind them, via parent company ByteDance, and the purpose of the app is to indoctrinate young people and have them waste a lot of time competing with influencers and trying to be an influencer .
The thing about a grooming and indoctrination app is you can't have competition. You need just one that can cannibalize the entire market and hold everyone's attention.
Regardless, I'm a big believer in price action. So long as Wall Street banks are holding an interest in a stock, I think that price action reflects the cumulative knowledge of all market participants. It's the real penny stock pump and dumps you have to be afraid of. Once they get rugged there's no liquidity and they _will_ go to zero.
With BBIG, BlackRock, Vanguard, State Street, etc, all have significant holdings.
Before we start, I'd just like to say that I actually saw this pattern the night before and posted it as it began its fake breakout, just not in a formal TradingView call.
Anyways, this pattern is a pretty classic one that I learned from this dude in crypto in 2018 when Ethereum Classic made a similar play that yielded a lot of run, and fast. I didn't believe him, but the short end of the trade worked and then it pumped afterwards.
The idea is you first get this parabolic super pump that doesn't last. Then, it consolidates for a long period of time with descending highs and flat lows.
What's being exploited is that so many traders love these trendline astrology "technical analysis" ideas. So when they see something "break out" to the upside "against the trendline" they stop out of their shorts and get long.
Then it immediately sells off back into the triangle, and then takes out the bottom, and heads lower and lower, taking out all those poorly timed longs that bought in the triangle, treating the flat bottom as support.
Notable with BBIG is that there's a pre-pump gap in the 71c range and the all time low, which is also the pre-pump pivot low, is 67c.
I suspect that 67c will hold under the thesis that the MMs are actually heavy on the buy, but if the pump is going to be big, they may also turtle soup the very bottom.
Either way, you might think to yourself, "This isn't that realistic. This is 20%+ to the downside." And this logic is fine, but look at the range of the triangle breakout into the breakdown that just occurred. In a few days that was already 20%.
Late in October, BBBY printed a 35% pump in a few days.
A conservative target for the resulting pump, should it manifest as such, is in the $1.40 range. It may even take out the old pump high of $1.95. In short, you're looking at a 2-3 bagger, if all transpires according to plan.
Price action like this leads me to believe that it's possible that the Biden Administration really does have a ban on TikTok waiting in the cards, ready to be imminently played as social media chatter has suggested.
Additionally, I also believe that tech stocks in general are about to pump it and pump it hard, even though it'll just be another bear market rally. A lot of suckers are about to be brought in.
Well, with a stock like this you don't want to buy and hold. You want to get in and get out. A lot of these companies really have no fundamental value. If you want things to buy and hold, put your money in grocery stores, fertilizer companies, oil and gas, etc.
Things that genuinely make money from genuine business, instead of these jokers that pay some kids pennies to clone apps and then call it a $205MM valuation, which is what Vimco's market cap is at the moment. (That's tiny.)
But, be careful and don't be greedy with your upside targets. The world isn't in good shape at the moment and things can change at any time.
Significant geopolitical, natural, and cosmic events can unfold at any time.
BBBY | Its Time to Load | SqueezeBed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products. As of February 26, 2022, the company had 953 stores, which included 771 Bed Bath & Beyond stores in 50 states, the District of Columbia, Puerto Rico, and Canada; 130 buybuy BABY stores in 37 states and Canada; and 52 stores in 6 states under the names Harmon, Harmon Face Values or Face Values. It also offers products through various Websites and applications comprising bedbathandbeyond.com, bedbathandbeyond.ca, harmondiscount.com, facevalues.com, buybuybaby.com, buybuybaby.ca, and decorist.com. In addition, the company operates Decorist, an online interior design platform that provides personalized home design services. Bed Bath & Beyond Inc. was incorporated in 1971 and is headquartered in Union, New Jersey.
BBBY $ Bottom this Year we broke our support around the 4.26$ , now is our resistant , if we still trading below it, and below our desnding line, we will seee the shorth drive the price untill around the next support above the 3.50$+, and the only level for squeeze is above 5.81$+, we need to break it for us to go over the 10$.
Towel stock will have a glorious bounce. Good entry area now.OBV hasn’t even came close to falling back to its previous lows before BBBY’s run up in July/August.
In fact.. OBV hasn’t even broken down resistance.. it’s still holding a pretty strong bullish signal and share price is below previous lows in July..
Certainly share price is undervalued on the technical side.
Check out my ideas on GME because these stocks tie together in my personal opinion.
NOT FINANCIAL ADVICE
$WEBR could be a great Swing Trade opportunity $WEBR has been moving sideways in a Horizontal Channel for weeks and currently the price is not far from the lower trendline which act as very strong support🔥
This can be a great swing trade with low risk + high reward (SL is indicated on the chart)
+ $WEBR has a very high short interest of 52% .. so i expect a huge short squeeze 🔥
* don't trade without SL
BBBY Reversal Area we visiting an important support for NASDAQ:BBBY which is holding above the 6$+, if we consolidate above that support , we going to test our resistant and first profit taking around the 8.16$, and then if we break it , we going to test the second profit taking around the 11$+.
if we broke the 6$ support , it's means the short is in control , and go to other bottom above the 4$+.