Best Buy Co Inc
“Securities and Exchange Commission filings show that Jake Freeman, who is a 20-year-old student, made $110 million from meme-stock favorite Bed Bath & Beyond (ticker: BBY). Freeman snapped up a 6.2% stake in the homeware retailer in July—almost 5 million shares equating to approximately $25 million, or $5.50 per share. On Tuesday, Freeman sold over $130 million worth of stock, the filings show. “I did not expect the price to soar as it did,” Freeman told MarketWatch. “I did expect that as BBBY better structured its balance sheet for value to be unlocked. I felt at those elevated levels, BBBY was not worth it from a risk/reward standpoint.” Shares of Bed Bath & Beyond fell more than 18% in after-hours trading on Wednesday after Cohen disclosed his plans to sell his big stake in the company just months after he bought it. He’s a student at the University of Southern California and according to first reports from the Financial Times, he raised the initial money from friends and family. Freeman has interned for New Jersey hedge fund Volaris Capital over the years, according to his LinkedIn profile. According to the FT, Freeman and his uncle Dr Scott Freeman, a former pharmaceutical executive, recently amassed an activist stake in pharmaceutical company Mind Medicine (MNMD)” —-BARRON’S
So now that Cohen is out and supposedly this stock is shorted heavily does anyone have a real reason why we should not sell. Serious answers only I still do believe we made history with GME, AMC and others and was hoping to do it again with BBY but for those who bought high and are still in is it even worth it?![img](emote|t5_2th52|8883)
Majority of you who bought in between 15-20$, stop letting these AH prices get to you. It’s the stock market, more so BBY is a meme stock, there will be wild swings the coming days, it’ll get back to 20$ in no time, then decide if you wanna sell and break even that time or hodl.
i’m not sure how up to date you are on the whole BBBY situation but Amazon is heading for bankruptcy and BBBY is now their biggest competitor. market cap isn’t there yet, but the company plan is on track. also Jeff Bezos is the target of every major corporation now. Amazon CANT survive the next few years with their increasing bad reputation from littering and burning unused inventory to labor rights with their workers being violated. Amazon sounds great, until you look underneath the hood and see all the parts are grinding and screaming. BBY is targeting Amazon to be the epicenter of towels/towel accessories. this BBBY earnings has been MASSIVELY anticipated and i believe Amazon will continue to develop a negative correlation to BBBY. so what do they have to do with each other? competitors and BBBY about to make the move with a bite to the jugular.
holy fucking shit the deceit goes deeper. Freeman Inc is two levels deep. Freeman capital owns Freeman BBY which owns shares in BBBY. They also recently launch Freeman MNMD which is the reason MNMD is pumping so hard today. it will pump and then this dude will dump.
reposting my comment: It's a AI generated image. I tried to do a person search with the photo and it yielded no results. I tried to search for "jake freeman" and there is no such person who fits this agenda. Driving more research from the news is his internship "Volaris Capital" that offers options trading. Also BBY filing shows these stocks were sold by "FREEMAN Inc". The company lists that it purchases shares based on it's investors. The stocks were purchased by this company and used this fictious person up which is being broadcast on all news channels. This is an absolute fake person generated with fake AI generated image and fake news to drive up marketing for a hedge fund company.
It's a AI generated image. I tried to do a person search with the photo and it yielded no results. I tried to search for "jake freeman" and there is no such person who fits this agenda. Driving more research from the news is his internship "Volaris Capital" that offers options trading. Also BBY filing shows these stocks were sold by "FREEMAN Inc". The company lists that it purchases shares based on it's investors. The stocks were purchased by this company and used this fictious person up which is being broadcast on all news channels. This is an absolute fake person generated with fake AI generated image and fake news to drive up marketing for a hedge fund company.
Paper-handed Retard Apes when they see a 0.001% increase: SELL SELL SELL! GAINS! I win! Diamond-handed Retard Apes when they hold and get 1million% increase: How's that 1cent gain you paper handed retard. Me: SHIT! I just bought BBY instead of BBBY.
the wheel is pretty low risk as long as you understand the risks with picking each stock obviously wheeling 600% IV BBY monthlies is going to be a bit different from selling APPL puts every month for steady income, and the possibility of getting the stock at a better price
Not sure it's the "hedgies" that are causing the volatility this morning. I noticed that most of the up and down activity of BBY has been correlated with many other stocks that I have checked. I think it's just the market swing, and all the computer algorithms, buying and selling etc. Which means the real squeeze hasn't really kicked in yet.
I went balls deep into BBY and now losing like a very massive lost, though you never lose until you cash out. How does no one understand these simplistic fundamentals. It’s not hard to just if you have a weak stomach go work at McDonald’s. FORTUNE FAVORS THE BOLD