A simple recap of reality surrounding $BBBY upcoming PPS, 441 million shares, 49% of that is owned by institutions not taking in consideration retail ownership, 128% shorts at a time where 52 week low is 1.11 and 52 week high is $30 while Banks are defaulting and many big investors are lending billions to the company.
That means that only 200 mil are floating but there's over 500 mil shares shorted and $BBBY already touched bottom.
Yeah, the shorts are done and will be dealt with, the question is how much can all of you afford to make since you now know that at least $1 billion needs to cover in the coming days, are you going to welcome that profit, or will you crack and fold under the pressure ?
Know this...if you waited and suffered this long, might as well get paid handsomely for your distress, the worst is behind you since they are trapped and all you have to do is make them chase it....if Billionaire groups are risking millions in BBBY why wouldn't I risk my 10K and ride it all the way up, I'm sure they did the research and calculated risk for all of us, their move is sufficient for me to buy and hold long term.
Also know this...you only have to be right one time in this game and you'll be set for life.
Bullish
C4urself the 1st Ammendment.
Don't assume that i don't know, and i wont assume, that you have no idea.
