Everybody seems so excited about the 0.16% raise yesterday as if something like that can make any difference. BBBY is done. We are beyond the point of bankruptcy and entering liquidation waters. No amount of Reddit investors artificially propping the stock despite its failing results is going to save us.
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The reddit folks are just quick buck artistes and not investors. More like gamblers.
Bbby is a beachball to meme people. For all their hate directed toward trad investors, they sure follow that but on rumor and sell on reality thing. Meme people are mostly day traders and all it took was the one kid making a buck. It is very much like Ebay once was, I reckon. Once someone gets a mint for something, the figure they all will. Ignore them. Most are out to regain the money they lost when stock was at $25.
Lol when we release results tomorrow the stock price will be the least of our worries. The next list of closings soon will follow. 3rd list in time for xmas. Then another 100 and so on. Chapter 11 after 3rd quarter reports. More layoffs. HR gone…everything through my HR. 1/2 DM’s gone the ones left take double the stores. Bye bye SDM (cool aide cowboys) another 20% of corporate and so on. It will be a slow death. The stock price will not be a issue.