Meme Mayhem At Bed Bath And Beyond
Tim Knight | Aug 16, 2022 03:28AM ET
They never learn, do they? Perhaps you’ve seen that about 100% of the chatter on Reddit is about one stock and one stock only: Bed Bath & Beyond (NASDAQ:BBBY).
It’s evident from the volume. BBBY volume is presently running at what the entire stock market’s volume USED to be when I started trading back in the late 1980s.
We’ve seen this movie before. A huge run-up in price. Enormous volume. And then—what you see below. Of course, we can forgive them for not remembering something so old. After all, this wipeout happened two full months ago, so why should they be expected to heed the warning signs?
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