The Investment Thread (4 Viewers)

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bclemms said:
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.
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Insanity is right. BBBY is in the news again this morning, and not for positive reasons. No sales, stores closing, etc. Where is the upside?

My wife likes a certain mop head for her steam mop, but it was discontinued by the manufacturer a few years ago. I search online; the only store that still has it is BBBY. I go to the local store in Metairie, they have a few dozen of this product that was discontinued at least 2-3 years ago sitting on the shelf collecting dust.
 
LogeEndZone said:
Insanity is right. BBBY is in the news again this morning, and not for positive reasons. No sales, stores closing, etc. Where is the upside?

My wife likes a certain mop head for her steam mop, but it was discontinued by the manufacturer a few years ago. I search online; the only store that still has it is BBBY. I go to the local store in Metairie, they have a few dozen of this product that was discontinued at least 2-3 years ago sitting on the shelf collecting dust.
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For me the only upside is Buy Buy Baby.

A bit of tin foil. But if they announce a sale or spin off of Buy Buy Baby then BBBY could blast off. Maybe they are getting their ducks in a row to execute the share offering when/if this news happens.

If it doesn’t happen then BBBY is a junk investment right now.
 
Turfie said:
For me the only upside is Buy Buy Baby.

A bit of tin foil. But if they announce a sale or spin off of Buy Buy Baby then BBBY could blast off. Maybe they are getting their ducks in a row to execute the share offering when/if this news happens.

If it doesn’t happen then BBBY is a junk investment right now.
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It is a junk investment with Buy Buy Baby.
 
bclemms said:
I'm just sitting on my puts waiting for them to announce bankruptcy after Black Friday.
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I still have a the vast majority of my old BBBY gains sitting on the sideline. Could be a rough couple of months coming up
 
Turfie said:
I still have a the vast majority of my old BBBY gains sitting on the sideline. Could be a rough couple of months coming up
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Yup, I’m only sitting on puts and long Natural Gas. I trim every time BOIL runs over $110 add every time it dips to $100 with a ton of cash just hanging out. I had to quit swing trading because I havent been home and lost track of a lot. I did take some profit since the puts have tripled but not even enough to cover my initial investment. I’ll start getting more nervous about puts when SPY approaches $374 support levels. At the very least I think we see a relief bounce or some consolidation there before breaking lower. I will probably start nibbling on some companies I want to own there and accelerate that buying as it goes down.
 
Language in Reddit link



Wild. CFO and board member of BBBY mysteriously jumps off a roof?

[Mod edit - fixed the spoiler tags :9:]
 
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LogeEndZone said:
From Reuters...
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He sold 1.4 million dollars worth of the stock during the recent peak. He retained his position after Ryan Cohen shook the board up.

Then mysteriously and allegedly jumps off a roof. The first person to report his death on Twitter was the same guy who first tweeted about Epsteins mysterious death.

Waiting for more info but RIP. His family must be crushed right now.
 
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Retail is slowly but surely buying, holding, and registering GME shares. As of July 31st, out of about 300 million outstanding shares…71 million of that has been direct registered by retail.

GameStop publishes this each quarter. That said I look forward to GameStop becoming profitable sometime soon (hopefully). Could be awhile as they are spending a ton right now.
 
So I really know nothing about the market but I have a few positions that I have been told I need to diversify. You all seem to know at least as much as the fin consultants that I have spoken to; without the feeling you are trying to sell me something.

Anyway, I am 45 have about $500k in a standard 401(k) and 45 pre split shares (so 900 now) of AMZN. All the rest of my money is in two properties (one is my house and one is a investment property that draws income).

I have been told everything from you’re perfect don’t change a thing, to completely diversify that AMZN.

I am not sure I will do anything at least not right now with Amazon down but I was interested in the opinions of those that know more
 

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