patrick.net

My buddy has been on Blood Bath and Beyond tare, about how they are going to rally for the next six days.
They are now down to $11.00.
All the while he's been laughing at me, and poo pooing my Party City pick, back in July. When I said at $1.03 it was a good buy. I figured it's got at least $3.00's worth of play in it over the next three to six months. .
I like cheap stocks, they only have to move a few cents to measure double digit points. Unlike hot tech stocks at hundreds $ or even thousands $ a share. They don't tend to jump 20% or more several days in a row. Double your money is double your money, whether it's an Apple stock that doubles in a few months, or if it's Party City that doubles in a month.
Though lets face it, most large stocks don't double, unless they split and got so cheap everyone went on a buying spree.

Patrick says

I suppose there are opportunities in every stock, but how many people can raise $25 million from friends and family?

He's fronting for his rich uncle.

BBBY to the moon!

BRAD SMITH: Switching gears as well, but kind of staying in retail, Bed, Bath & Beyond shares on the move following a report by the Wall Street Journal that the company has secured financing to shore up its liquidity. According to the Journal, the company told prospective lenders on Tuesday that it had selected a loan facilitator. Bed, Bath & Beyond has yet to provide further details on the loan. Shares moving up by about 27% here pre-market, and this is liquidity that the company needs right now.

BRIAN SOZZI: Yes, they do. They ended the most recent quarter $107 million in cash, I think $200 million on tap in their credit line. That was as of June 29 when the filing hit. So they may have tapped that credit line on shore. I reached out to Bed, Bath & Beyond. They said this. Hi, Brian. As previously shared, we'll provide an update at the end of the month. Thank you. Or I'm sorry-- this month. Thank you.

And I just have to-- just try to figure out what is going on inside this company. They had a chance last week, I think, to come out here and offer shares for sale to raise cash with the stock rising, and they just don't seem to be reading the room and understanding the moment and how much pressure they are in. That's not what I wanted to hear from Bed, Bath & Beyond. I get they have to be careful, but still, your stock has been slaughtered. Let's step up here. Understand what's going on here. You have a lot of people that have lost their shirt over the past six months. Do a better job.

https://news.yahoo.com/bed-bath-beyond-secures-loan-134708173.html

REG SHO FTW!

1337IRR!

Vildana Hajric and Michael P. Regan
Sun, August 28, 2022 at 8:01 AM·7 min read

(Bloomberg) -- Shares of meme stocks like Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc. might be going bonkers again, but that doesn’t mean investors need to totally steer clear of them.

That’s according to Jeremy Siegel, professor emeritus of finance at the University of Pennsylvania’s Wharton School, who says such volatile stocks are gambling vehicles more than anything else, though the speculative bets can still be a small part of younger investors’ portfolios.

Siegel, along with Jeremy Schwartz, global chief investment officer at WisdomTree, joined the latest “What Goes Up” podcast to discuss that, as well as the state of the economy, inflation and markets.

Below are condensed and lightly edited highlights of the conversation. Click here to listen to the full podcast, or subscribe on Apple Podcasts or wherever you listen.

Q: In recent years, we’ve seen the growth of retail traders as an important force in markets, what we call the meme stocks. How are you thinking about that?

Siegel: Let’s take AMC, Bed Bath & Beyond, GameStop. Their total market value is what? One half of 1% of stocks or less. And even if you add a few more memes, you’re still getting an absolutely infinitesimal part of the market. Now, they may look like there’s a lot of fireworks -- there’s a lot of movement. If you’re into gambling and you like that, fine go to it. A year ago I said, somewhat conservatively, I do not think they will be rewarding to long-term investors. They’re gambling vehicles more than anything else.

But I always recommend to young people, if you want to play with 10% or 15% of your portfolio in those games, fine. But, put the other 85% into some sort of an indexed long-term fund that will have meaning for you when you finally become an adult.

BBBY to the MOON

I'll be at 200 shares on Monday AND it will still be less than 10% of my portfolio.

So the CFO just did a header off the company tower in NYC. I’m thinking SHORT THAT STOCK!

https://www.yahoo.com/finance/news/bed-bath-beyond-cfo-plunges-134524108.html

Shaman says

So the CFO just did a header off the company tower in NYC. I’m thinking SHORT THAT STOCK!

https://www.yahoo.com/finance/news/bed-bath-beyond-cfo-plunges-134524108.html

St. PUTLER IS MOPPING UP THE LAST OF THE GLOBALIST SCUM!

I exited my position after losing 50%. I buy for fundamentals generally, not memes. Still, the CFO losing his life from suicide or other means makes this event tragic. I wish his family the best.

There is only one thing I strongly suspect, BBBY will open red and it will be VERY red on Tuesday morning.

It was highly inconsiderate of that asshole to suicide on a Saturday of a three day weekend. Now how is a self-respecting trader to get his bets in a timely manner?

Shaman says

So the CFO just did a header off the company tower in NYC. I’m thinking SHORT THAT STOCK!

https://www.yahoo.com/finance/news/bed-bath-beyond-cfo-plunges-134524108.html

You can get new jobs. I highly doubt most suicides of higher level people are due solely to their work. My BIL hung himself after getting a promotion at an easy administrator job at his school district. If he stuck with it probably $100k a year pension by 55. It's usually something family related, personal finances, drug usage or flat out mental instability.

It's why I don't keep up with the Jones'. Someone is always doing better than you. You make you happy. Don't worry about others.

That CFO must have had information that would lead to the arrest of Hillary Clinton.

Someone needs to make a meme with the My pillow guy at this guy's grave.

BBBY down in Pre-market:
$7.38/sh -$1.25 (-14.48%)

Booger says

Someone needs to make a meme with the My pillow guy at this guy's grave.

I be tempted, but I want to respect the CFO's family.

BBBY holders just remember how fast the CFO dropped!

This isn't a stock you want to jump into without doing research.

So far this stock is holding up way better than I anticipated.

zzyzzx says

So far this stock is holding up way better than I anticipated.

Women. That's who shops there. They're not logical. Stock price won't be logical regardless of the weirdos trying to play games with it.

There is no logic in investments at this point, especially in a women priced stock. Social media can move it in a moments notice.

Bed Bath and Beyond and Brandon are very similar. Losers with No Energy. Bankrupting a retail store and our Nation. They have a lot in common.