Noob ?
Hey Moo ppl, im still green to trading so i have a question about bbby. Lots of ppl are banking on this position to pop like a piñata. So im asking, just the other day there was a ass load of talk about bbby going bankrupt. So how did it go from bankruptcy to a possible explosion? Again im still learning this shit so if you feel the urge to bust my balls just move on and remember that you were new at one point and asked questions. Thank for the help
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Karam117 : New here as well! Welcome. We are in together. So there is a bunch of news that came out lately and you can just take 5 minutes and skem on what’s going on with the stock. The main reason I think is because they closed a bunch of stores in Canada and also other factors. That’s my two cents so far sorry if I didn’t answer the question to well
TheWhiteCrow OP : Well Karan, I appreciate that. There are a lot of pricks that if you ask a question they tear your head off. I guess they forgot that they had learned at one point or another. And on the opposite side of the coin there are folks that actually take the time to help. Ok as for bbby, thanks for the info, I’ll check into some of the news about them. Last I seen there were all that talk of bankruptcy and shit. And you said new stores are popping up in Canada?? Well that alone is a good sign because if bankruptcy is on the plate no new stores would be going up. So ya, good deal thanks!!
Karam117 TheWhiteCrow OP : Of course! And also, sorry I meant to say that they closed a bunch of stores to avoid bankruptcy. The talk about bankruptcy and not being able to pay debt was the biggest issue in to why the stock is at the lowest point. The company just came out with news last week that they have a plan to avoid bankruptcy and it’s hitting the news so hopefully soon it bounces back. Plus if you see closely we have been in red for the last week and a couple days so usually after a couple of red days this thing will turn green how much though is the thing no one really knows. Hopefully more news comes out.
TheWhiteCrow OP Karam117 : Awe ok gotcha!! Ya there’s been very little time in the green for the past 7-8 days, it will trend and get a head a few cents then pop back down into red. And being new my capital isn’t that high so I only have about 100 shares w/bbby so if it dosnt recover I’m not taking a wash on it
102374353 : I am also new to trading but from what I have gathered is that it was verging on bankruptcy but was saved by a billion-dollar investment (of which 200 million dollars have been paid out). The other thing is Failure to Deliver shares - basically many firms are shorting the stock but some are naked shorting (selling stocks that do not exist). Hence the FTDs, and the date(s) for them to pay back the shares are nearing. Other rumours include an impending merger, etc. Again all of these are speculative, but very exciting nonetheless.
TheWhiteCrow OP 102374353 : Awe ok, I was just at the chapter in my book about ftd stuff. How does that shit work? And naked shorts, how is it possible to own shares that don’t exist?
70500947 TheWhiteCrow OP : Idk but all this new stuff i neer heard of is exciting cause. I get a chance to research about ftd etc. I really advise everyone to become a member of r/bbby on reddit its growing rapidly 53k beyonders soon 100k.
102374353 TheWhiteCrow OP : No idea either. I was shocked to learn about it too. That is how corrupted this whole thing is. And enforcement is quite lax. So anyway, BBBY's trajectory (with all the factors) is similar to GameStop's short squeeze with the FTDs, which is why people are saying this will be the next short squeeze. With prices so cheap, if you can, maybe you can stock up but remember there is always a risk that it will drop further or go to $0.
TheWhiteCrow OP 70500947 : Hi 705, thanks again for the tip. Honestly I was never on Reddit, I just downloaded it a few days ago, is it on the lines of twitter? ( another app I never used) but I’ll take a look, thx for the input
TheWhiteCrow OP 70500947 : Actually I just looked and I have the bbby on my Reddit already, I’ll take a look at the info. Thanks
View more comments...