Quick Poll: Buy the BBBY dip?
Despite multiple bad news (*1, *2, *3, *4) such as CFO death, suppliers halt shipments, stock price near 25-year low, CTO resignation and the possibilities of bankruptcy, $Bed Bath & Beyond Inc(BBBY.US$ continue to attract more attention from both investors and traders.
This was shown clearly in multiple angles such as strong open interest in the $12 strike price call options. ![]()
Also, the current price of $3.98 is less than the price that the CEO paid for her 50,000 shares at $4.61 each earlier this year. (*5)
We also know that the BBBY tokenized stock is currently trading at $6.92 (as of 5 Nov 2022). ![]()
And lastly its current low share price might further attract parties who may be going after its profitable Buybuy Baby business (*6), or may have similarity like Musk acquisition of loss-making twitter (*7) and turn it into an 'everything app' called 'X' (*8).
So, what do you think?
We have come to the end of today's topic. Remember to show your support by follow, like, share and comment on this post and as always, don't forget to DYODD (Do your own due diligence) when making any kind of investment. ![]()
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Xiaoxi_penguin : I actually do believe that there will be a bullish reversal for bbby. Other than the falling edge trend, the average of the position cost distribution is at 11.66, dont think many would sell for that great amount of loss. Currently it is also touching beyond the bottom line of bollinger’s band, thus a bullish sign as well as the oversold indication.
Mars MoooOP Xiaoxi_penguin:
Mars MoooOP Xiaoxi_penguin:
Xiaoxi_penguin Mars MoooOP:
Mars MoooOP Xiaoxi_penguin: