BBBY Is Back And The Nasdaq & Amex Are On Fire! Learn How To Take Advantage

Welcome back and thanks for joining us this week.

I’ve got a good one for you today, so stay tuned to our weekly Penny Land Activities.

Today we discuss some of the wildest price actions and penny stocks in the Nasdaq and Amex Markets. I bet the biggest penny stock news of the week for most people is that BBBY is back on its grind.This stock makes a habit of squeezing in a slow but steady way. It’s been going out of business for what seems like years now.

However, there is alway a saving grace investment given to this dying company from its die hard investors. After making a low next to the Nasdaq requirements(1$) retail swoops in to buy the dip all week. BBBY never fails to impress when it’s motivated to trade 100’s of millions of volume each day in a multi day run.

After the holidays Retail investors should be running low on money. What better way to spend their seed money than dumping it all in their favorite low price meme stock. The allure is too strong not to be a part of the next massive squeeze. Especially when the pumpers are trying… sooo hard to raise the stock’s price by releasing 10’s of related articles every day. Did you say potential money laundering, maybe?

It has a Small cap and with a Low float of 80M but don’t let that fool you. This stock trades like its stock price is 40$+ dollars. BBBY is resilient . Investors who trade into BBBY stock need to be ready to take profits quickly. How else do you expect to dodge slow grinding-multi day parabolic activity only seen in Mid Caps with 100M+floats

Everyone should remember its run up to 30$ after squeezing shorts all week in August. All the hype from saving and restructuring Bed Bath and Beyond has died out, since the Ryan Cohen fiasco. If we see a quick move gapping up to resistance at 5$’s before the weekend. The technical analysis gives us a multi day shorting opportunity for Monday.

The amount of liquidity needed to sustain another green day seems too good to be true during a likely negative reaction to a CPI report this week. If the resistance breaks before Friday’s close we may be looking at double digits on the break to 10$+ area.

Trust me, you're not gonna want to miss its developments or its analysis throughout the week in our live premarket-prep morning show... This could be a big deal since anyone can use these key factors in your next trade.

Other honorable mentions come from an active week in the industrial, consumer cyclical and healthcare sectors. Which has created several opportunities this week from gap ups, parabolic to multi day runners. You may be looking at your future resistance play for the coming months.

There are many tickers in Penny Land this time around that just didn’t cut it. However, if any of these stocks are something you may be interested in trading. You may do well to join our discord chat to check out our daily watchlist. Till next week. Happy Trading!

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