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Meme Mayhem At Bed Bath And Beyond

By Tim KnightStock MarketsAug 16, 2022 03:28AM ET
www.investing.com/analysis/meme-mayhem-at-bed-bath-and-beyond-200628542
Meme Mayhem At Bed Bath And Beyond
By Tim Knight   |  Aug 16, 2022 03:28AM ET
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BBBY
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They never learn, do they? Perhaps you’ve seen that about 100% of the chatter on Reddit is about one stock and one stock only: Bed Bath & Beyond (NASDAQ:BBBY).

It’s evident from the volume. BBBY volume is presently running at what the entire stock market’s volume USED to be when I started trading back in the late 1980s.

BBBY Stock Chart
BBBY Stock Chart

We’ve seen this movie before. A huge run-up in price. Enormous volume. And then—what you see below. Of course, we can forgive them for not remembering something so old. After all, this wipeout happened two full months ago, so why should they be expected to heed the warning signs?

BBBY Price Chart
BBBY Price Chart

Meme Mayhem At Bed Bath And Beyond
 

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Meme Mayhem At Bed Bath And Beyond

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Comments (5)
Charlie Saldutti
Charlie Saldutti Aug 18, 2022 10:42AM ET
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I should have waited another day. Big loss
mike honcho
mike honcho Aug 18, 2022 10:19AM ET
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wrong and wrong. reddit is full of good stocks! amc, gme, bbby, hymc, ater, koss, sqqq, sndl and many more. were gobbling them up at equal rates. were not leaving, slowing down or selling! there are more apes than you can imagine.
miha m
miha m Aug 17, 2022 3:17AM ET
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Time to short it
Ben Bigs
Ben Bigs Aug 16, 2022 12:51PM ET
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You’d think someone who has been trading since the 80s would understand market technicals and short squeeze.
Bobby Hollis
Bobby Hollis Aug 16, 2022 6:38AM ET
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manipulation by analyst. buy this and hold. he's paid by the shorts to help drop the price.
 
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