In yesterday’s Trade Alert, I mentioned getting a second bite at a stock I had bet against before:
With a few meme stocks soaring again on Monday, we got another chance to bet against them. I got filled in the trade below just before today’s close; you may get an opportunity to place a similar trade tomorrow.
It doesn’t look like you’ll get the opportunity to get in that one at the same price today. That stock was Bed Bath & Beyond (BBBY), which I had bet against last month at $5.50, and then again yesterday at about $5.86; currently it’s trading at $3.15, after announcing an extremely dilutive plan to raise capital.
A First Bite Of A Different Apple
In yesterday’s trade alert, I also alluded to another stock I wanted to bet against:
I didn’t get filled on a bet against another meme stock up double digits today, the one with these fundamentals,
But we may get another crack at that one tomorrow as well.
Thanks to a CNBC segment on the company, we did. It’s up big again today, and we were able to bet against it this time. Details below.
Keep reading with a 7-day free trial
Subscribe to The Portfolio Armor Substack to keep reading this post and get 7 days of free access to the full post archives.
