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Meme Mayhem At Bed Bath And Beyond

Published 08/16/2022, 03:28 AM
Updated 07/09/2023, 06:31 AM

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

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

Latest comments

I should have waited another day. Big loss
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.
Time to short it
You’d think someone who has been trading since the 80s would understand market technicals and short squeeze.
manipulation by analyst. buy this and hold. he's paid by the shorts to help drop the price.
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