BBBY will be seeing 15 soonFundamental View:
Short in the next quarter, Sweeping changes at board level, Earnings Miss, Sector dying if not evolving (BBBY are not). Q1 & Q2 earnings are a write-off. The actions taken to address issues are actually costing more and are old school therefore will take at least 12 months to start to implement and no one with a big name of turning companies around has been mentioned. Replacing the board with mirror image of what was there before will equal the same outcome, lol next they will start announcing the new board members are buying shares in the company as they believe in its long term future bla bla bla lol
Tech View:
Short term very clear Head & Shoulders pattern with some huge gap filling potential in the mid term. Really cant see anyone stepping in front of this train.
Summary: BBBY will soon not be around if it does not evolve with the game, its an old world retailer in an Amazon era and unless it completely changes its operating model it will die it will just take time.
Fundamentals: Short Bias, Tech: Short Bias
Short every pop and Bank, My Av is 18.96 Target is at least 15 test in next few weeks. This one should be on everyones radar as we will see pop and fades all year - Its a banker.
Really would be surprised if this junk manages to break 20 again, but I hope it does I can add more.
