It might recover in the long term, but short term this play is over imo, unless a mass fomo happens now that it's back at $10 again.
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It might recover in the long term, but short term this play is over imo, unless a mass fomo happens now that it's back at $10 again.
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Holy shit! Damn thats hella more fucked up that what I saw from obese! It has an asymptote on his graph!
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The reasoning behind the sharp fall is that a big investor in BBBY sold 9.45 million shares or 12% of the company, that in turn caused a mass sell off. Here's an article on it. Edit:(Had to do it as a screenshot below because the stupid link wouldn't work lol)
That's why it's never a good idea to fomo into something that's already pumped 500% in 2 weeks, because there's a strong chance that there could be a sharp downturn and you'll end up bagholding.
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Oh wow! Thats a pretty interesting pattern right there
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Also whats up with the after hours? Is it like trading in the dark or more like bring your own tools the market is still live.
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Lol nah it's just additional trading hours for investors,
@obese is probably better at explaining how it works tho.
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I'm watching Jersey shore, I'll get back to that question once I'm done getting my snookie on.
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I'm watching TV with my wife 60days in started tonight if you are wondering. I will make a post with how extended hours works, and how it relates to BBBY and how it relates to normal stocks.
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You should really educate yourself on technical trading. Anyone who uses the word asymptote in a sentence has the math skills to pick up that style of trading pretty fast. And I bet you would really have fun with it.
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Im going to rape you.. in your vagina.. faithfully.
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