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What a rollercoaster of events in $BBBY
In this thread I give both a 🐂 and 🐻 take on what's next
🧵👇
#BBBY #BBBYSQUEEZE #RyanCohen
In this thread I give both a 🐂 and 🐻 take on what's next
🧵👇
#BBBY #BBBYSQUEEZE #RyanCohen
Ryan Cohen, famously known for being the chairman of GameStop, bought a 9.8% stake in Bed, Bath & Beyond in March this year. This purchase also included far OTM calls at strikes 60, 75 and 80
Back then, the price rallied to $30
Back then, the price rallied to $30
In his letter, he specifically expressed interest in Buy Buy BABY, saying he wanted to make it the Ultimate destination for babies. His plan was to spin off to lower debts on BBBY
Since then, Ryan Cohen fired the previous CEO and installed 3 of his own boardmembers.
Since then, Ryan Cohen fired the previous CEO and installed 3 of his own boardmembers.
