/biz/ - Business & Finance

This scenario was described two months ago by one of most trusted DD authors:

https://www.reddit.com/r/BBBY/comments/10owxfc/an_ma_is_the_more_likely_outcome_but_why_i/?sort=new

Im not gonna lie; since the $7 spike its been more or less nothing but red, almost three months. When there was $14 spike, BBBY leadership fucked the happening by news. When there was $7 spike, BBBY leadership fucked the happening by news.

Maybe they did that because they are 1) retarded, 2) corrupted or 3) gigabrained. We will see. Right now it does not matter much for me, i invested everything and managed to get to like an $2.5 avg. However you spin it, right now im -90% red and the worst is over. If i loose the last 10%, okay. Then the board is either retarded and/or corrupt, and BBBY demise will be major obstacle for the success of the rest of the basket.

Or, Region-Formal is onto something and all this is a case of 3) gigabrains. As for me, i realize with a $2.5 average, even assuming a pump comparable to Revlon, Hertz or whatever, this is not gonna get me ten lambos. Then of course, this could get more spicy than others, or less spicy, who knows. We will soon find out, that is the best part.

Cool thing is, i took out my GME cash to get BBBY. Since then, GME has gotten cheaper. If there is good things coming for BBBY, whatever gains i get i will take into GME, for a lower avg price there and more cash to buy.

All the options that made me go into BBBY are still on the table. Further, i conjectured that BBBY move would happen before any GME move, and now that is almost certain - IF there is good BBBY news in all these recent developments, we will know very soon. From these perspectives, what i have been hoping for, and in a sense, betting on, is still very much on table. That said, knowing what it feels like to hold at -90%, for prolonged period, also knowing i might be fucked, well. No matter now, i have zero incentives to sell. GLTAL. This will be memory for life, for good or bad.