Retail strong - only sheer stupidiy would stay short this.
Clearly it's being manipulated, but it can't last because of funds buying the dips.
All you need is for one huge fund from Fidelity to step up and buy a half million shares at once.
Yep, they are bullish.
It only broke support because of a combination of naked shorting and ticker confusion today. That much I'm sure of.
I'm equally sure I know how to read financials. By any measure, this is a strong buy.
That said, I'm also sure investors were warned ahead of time about Best Buy earnings and probably sold BBBY having confused the tickers. This happen EVERY time Best Buy reports, arghh. Because I never checked the date of their report as I should have.
I certainly would NOT sell now. Best Buy and Bed Bath are not in the same league, BBBY being the much stronger company with great financials.