The Investment Thread

itztime said

I am seeing so many theories on RC and BBBY, most sound wonderful and one could only hope it’s to expose WS corruption and the common man winning one. RC would have to have a heck of a legal team, major WS strategist and hope he doesn’t fall on the sword. I feel like it’s ‘96 and waiting for the Makaveli theory to be true about Tupac. For now though this is fun to watch with fingers crossed.

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It reminds me of Qanon running into the election.

Everything is fake news, some secret underworld pinned against the short squeeze trader. A cult leader spraying all kinds of vague and cryptic tweets and a million conspiracies running wild.

I don't think this is over. Selling out your base for a small percentage of your net worth doesn't add up. Either that or RC figures he could do it and then blame it on Citadel. The most messed up part of the whole thing, Cohen dumped a huge percentage of his shares right when BBBY was breaking out and about to really squeeze. On the other hand, hard to do a short squeeze while the company defaults and it's about to. Last year Q1 it had $1B in cash equivalent value. End of the first quarter that number was down to $100M and we are in Q3 now. The theories that Cohen made money for BBBY to continue to operate by making that trade is also pretty silly as it raised enough money to extend a few weeks at best.


It all just seems like insanity to me.