Bed Bath & Beyond Inc. Receives NASDAQ Delisting Notice

[TrailerParkTed]

Who could have seen this coming?


“High Bullish, Hedgies are F’ed!”

Reddit BBBY


https://finance.yahoo.com/news/bed-bath-beyond-inc-receives-205300303.html

 

[jnbadger]

I remember trading that stock damn near every day in the late 90s. It was liquid and it was volatile.

 

[TrailerParkTed]

I remember trading that stock damn near every day in the late 90s. It was liquid and it was volatile.

Iomega, Snapple, Tasr, Boston Market, they were fun!

 

[Pricechange]

The 1990s-2000s typical retail neighborhood shopping center (non Mall):
Kohls
AMC Theaters
GameStop
Bed Bath and Beyond
Sports Authority
Office Depot
Gap/Old Navy
Michaels
Christopher & Banks
New York and Company
Cold Stone Creamery
Pier One Imports
Uno Pizzeria & Grill
TGI Fridays

This shopping center grouping gained immense expansion and growth during the 2003-2008 real estate bubble (hello zero interest rates)

So many wonderful short opportunities. BBBY probably the best, although AMC and GameStop provided some interesting trades. Its too bad they did not SPAC some of these pigs at the height of the 2021 bubble. Would have been some amazing shorts

Kohls looks like the "Next Logical Step" for a short to zero.

RIP Retail...penny for your thoughts

 

[gwb-trading]

Bed Bath & Beyond investors have spent $200 million trading ‘worthless’ shares — will this holding company help them?
Bed Bath & Beyond filed for Chapter 11 bankruptcy protection in April, but the stock continues to attract meme-like attention
https://www.marketwatch.com/story/b...-will-this-holding-company-help-them-3a7fd59c

 

[maxinger]

There is a gentle descending trendline on the chart.

Who managed to short it at $10?
They should be laughing all the way to the banks.

 

[vanzandt]

There is a gentle descending trendline on the chart.

Who managed to short it at $10?
They should be laughing all the way to the banks.

And paying that bank the 580% borrow rate they signed on to to short it at $10

 

[maxinger]

And paying that bank the 580% borrow rate they signed on to to short it at $10

Then they will be weeping and gnashing their teeth in despair.

 

[vanzandt]

Then they will be weeping and gnashing their teeth in despair.

One explanation for this is the high demand for shorting AMC, which ultimately may turn against short sellers. Recently, borrow fees for AMC shares have reached above 570%, implying an increased risk for those betting against the stock in case of an upward movement.
https://www.thestreet.com/memestocks/amc/shorting-amc-stock-ape-conversion-risky-proposition