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Bed Bath and Beyond - Don't BTFD - Bye Bye, BBBYI heard on Reddit that BBBY is prime for a major pump because Ryan Cohen talked about spinning Buy Buy Baby off into a separate company, which would in effect create an airdrop of new stocks for holders. I heard on Reddit that BBBY is due for a pump because Ryan Cohen bought Jan '23 calls @ a $50 strike. I heard on Reddit that BBBY is due for a pump because 45%~ of the float is short sold. All of the above are true. However, what I would like to point out to you is a few key considerations: 1) The July - August bottom of ~$4.50 was both extended and precariously close to the 2020 COVID bottom. But they didn't break. 2) BBBY is already at this pump's top at sub $14. What comes after a pump? 3) If BBBY is going to spin a second stock in a few months, there's going to be proper accumulation. A proper accumulation requires you bag holders to capitulate. 4) Jan. '23 is four months away. That's a lot of time for you to hold $10 and $13 bags when this thing dumps to its 1993 low and you need to pay $12 a gallon for gas. Reddit is not a normal social media site. It's a social marketing and social influencing platform, and one with a heavy Marxist-Leninist influence, to boot. You think you are reading organic comments from other young people, but you are reading the written vomit of a combination of a botnet and a professional public relations firm that front runs the moves. The purpose is to drag you in and have you donate your life savings so that someone who looks like Sam Bankman-Fried can pay some creditors and then buy another apartment and a new car after you trade your money for their bags. Monday could go two ways. One is a gap up over $14 and then a dump and the other is just a gap down that doesn't bounce. Either way, you're now on the wrong side of history to be buying the dip. Don't buy the dip. Your risk is a ~70% wipeout from the nearest gap. If you bought at $13, well, cut your losses and stop gambling. Be patient and wait a month or two when everything is scary and the Reddit brigade is telling you that BBBY is a total piece of trash that nobody would ever want. And remember, Redditors are not your friend. They are Fabians.
NASDAQ:BBBY
by LordWrymouth
32
Walmart Bottoms Relative to S&P 500This chart shows three things. First, the candles show how Walmart performs relative to the broader market (S&P 500 ETF - SPY). Second, it shows how that ratio changes as the unemployment rate goes up (light blue line). Third, it shows the 25-year support line of Walmart's relative performance to SPY (red line). Notice how Walmart's relative performance goes down as the unemployment rate goes down, and goes up as the unemployment rate goes up. Walmart typically fares relatively better during economic downturns presumably because more people seek out bargain prices. Also notice that, following its inflation warning, Walmart's performance relative to SPY is near its 25-year support line. One could reasonably argue a couple of things: (1) We are possibly near a bottom in terms of Walmart's underperformance to the S&P 500, and (2) If this correlation is predictive, the unemployment rate may soon start to rise. Just remember that this is a relative chart, so it does not mean that the price of Walmart's stock will go up from here. It just means that Walmart may soon begin to shift from underperforming the broader market to outperforming (if the stock market is falling, then Walmart may fall too but by a lesser magnitude). This shift can take weeks to months, but once underway, can last for years. While I am not providing financial advice, and encourage everyone to fully analyze the risks of their own trades, I am considering adding Walmart to my portfolio as a form of recession hedging. I am waiting for the possibility of Walmart to fall as much as 10% more in terms of its relative performance to the broader market (SPY), once it consolidates there I will likely begin accumulation. To read more about why I think a recession is coming you can click the link below in the related ideas section.
NYSE:WMT
by SpyMasterTrades
1
WMT SELL +++ Next support $108 rangeAlready have a position, posted couple days ago. WMT was overbought on several time frame and chart indicators and yet continued to rise in the bear market rally to my chagrin. WMT cuts profit outlook after hours. Who could've possibly seen this coming!? WMT I have been in and out of twice since posting on July 12th where I didn't think WMT could go past $130. Seems it made it to $133, I am overloaded on puts and as soon as this morning I was calculating my breakeven point with only 9 days left til expiration. $108 I believe is next strong support. WMT printed $118's after hours and will likely see under $110 by next week this will likely be a weight on the market tomorrow along with the FED meeting Tues/ Wednesday. GL.
NYSE:WMTShort
by ShortSeller76
Walmart (NYSE: $WMT) Trading Under Golden Pocket! 👌Walmart Inc. engages in the operation of retail, wholesale, and other units worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications. The company offers grocery and consumables, which includes dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; and health and wellness products covering pharmacy, over-the-counter drugs and other medical products, and optical and hearing services. It also provides gasoline stations and tobacco; home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses, and tire and battery centers; and consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. In addition, the company offers fuel and financial services and related products, including money orders, prepaid cards, money transfers, and check cashing and bill payment, as well as various types of installment lending. It operates approximately 10,500 stores and various e-commerce websites under 46 banners in 24 countries. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. The company was founded in 1945 and is based in Bentonville, Arkansas.
NYSE:WMTLong
by Bullishcharts
1
$WMT Walmart back down to $122?I think we're in the process of seeing a fake breakout above resistance. Over the past few weeks, price has moved up past the $152 resistance, but price looks like it's now rolling over. Upon a break of that $152 resistance on support, it sets up the possibility for price to crash back to the $122 region before finding support. I've put key dates on the charts for changes in price action, let's see what happens over the next month or two.
NYSE:WMTShort
by benjihyam
5