Salutations my highly regarded brethren. It's me the guy posting DD about his thick taut nips from yesterday back to tell you all that despite the news of Ryan Cohen today and the 18% dip we took in the final 10 minutes of trading – I'm feeling more relaxed than ever. I even increased my position on BBBY today to 20k. And i plan on sleeping like a baby.
How can i be so stress free you might ask? Don't I own 14 contracts all expiring Friday from every price between $15 & $25? Aren't I worried at all that i might go broke and have to go back to working the dick sucking station under the bridge for trading money?
Not a chance and there are 3 reasons i know why this not only isn't the case, but we will be mooning from today until friday:
Reason #1: Ryan Cohen's News Today Was Actually Good
I know if you're reading this, you've already seen the important posts on this subject, but lets summarize it just in case some of you are Helen Keller level deaf, dumb, and regarded:
- Ryan Cohen DID NOT sell his shares. He filed a 144 form (yes it's verified and real) saying he was allowed to within the next 90 days. You'd have to be an idiot to not make the same move given the squeeze potential that is coming up.
- Ryan Cohen WONT be selling his shares soon. According to the Short-Swing Profit rule since Ryan bought his shares less than 6 months ago (he bought them 4 months ago), any profit he made off selling them would be given to BBBY and what self respecting billionaire spends 4 months of his life pumping a company to sell it for no gains? (Besides Jim Cramer if he had $999,998,452.10 more dollars after following his own financial advice)
So don't worry - the market is not about to be flooded with 10% of the company's stock. I'd like you also to consider the following though - that he would have to be a fucking idiot to sell now:
- Why the fuck would he sell now when he just announced earlier this week that he's long? The man already swung prices way higher in march when he announced he owned 10% and prices jumped above $30. Selling now when there are a literal army of apes trying to pump his company's stock when it's still lower than his initial pump with the company would be idiotic.
- If Cohen tried to rug-pull the apes over BBBY, what do you think that would do to his other ape centric companies? The man is Chairman of GME, the original ape stock. I don't pretend he has any love for any of us (he's a billionaire after all - the only thing he gives a fuck about is his net worth) but think about what betraying the apes would do to his bottom line? Who do you think owns GME stock? Do you think they'd keep holding their shares in a company after the Chairman made crystal clear they're trying to rob all apes blind? Possibly, we are pretty fucking stupid after all. BUT the real questions is this: do you think he would risk a significant dent to his $12b GME's market cap just for the sake of netting what CNBC reported would be a $60 million gain (which again HE CANT EVEN TAKE)?
So no, he did not sell his shares, wont be selling his shares, and it would be absolutely against his interest to sell his shares anytime soon -again i'm not a Ryan Cohen stan, but look at these facts about what he's doing and use them as your own personal guide.
Reason #2: BBBY Said Themselves They Aren't Finished
You heard it right folks Bed Bath and Beyond announced they've been working hand in hand with RC to obtain funding. They've been at it for weeks (i.e. the same time RC announced he still owned his OTM calls) and if they're saying this now it can only mean one thing:
Bed Bath And Beyond are going to announce soon that they've been secured additional funding.
Sure call it speculation but just think about the timing of all this and the comme