Losses Don't Bother Me
As you may have read here Wednesday, I was long Bed, Bath & Beyond (BBBY) October 75/80 call spreads into the earnings number and it appears this will be a loser.
The original thesis for entering the trade was a very sizable buy on the September 75/77.5 call spread last week that perked up on my screen, among other technical reasons. Last week the chart and technicals started to improve as the stock pushed past $70, but it was Tuesday when it cracked on an analyst downgrade, which pushed the stock lower. ...358 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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