Silvestrov

BBBY - overreaction creates opporunity?

Long
NASDAQ:BBBY   Bed Bath & Beyond Inc.
BBBY price is destroyed this morning, based on some ugly sales numbers for the chain.

However, stock was more than punished for all the problems in recent years. So key question is whether future turnaround would be succesful?

If it is, now might be actually good time to buy, and technical picture potentially supports it. If inverted H&S would be formed, price should bottom not far from current levels, I am entering.

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