Although the wild environment of the meme-stock ecosystem seemingly suggests that up is down and down is up, for embattled household goods retailer Bed Bath & Beyond (BBBY), bad news is just that – bad news. If anything, BBBY stock could be headed for even greater pain. Therefore, outside of an extremely risky short trade, the company offers hardly any opportunity for profitability.
From surface level to the granular details, BBBY stock appears only to be delaying an inevitable demise. For example, the Barchart Technical Opinion indicator suggests that BBBY represents a 100% sell. About the only positive implication here is that because shares sit in highly oversold territory, a trend reversal is possible. Unfortunately, such dynamics are difficult to predict.
