Reply To: Traders Market Weekly: Robots, Dribbler Enthusiasm and Short Squeezes

#41597
MoneyNeverSleeps
Participant

There does seem some money grabs in that bill … Since the market traded higher on the heels of these headlines, the rollover looks like buyer exhaustion and getting too complacent with its rebound.

What I thought in the performance of the meme stocks and other heavily-shorted stocks, many of which have seen huge percentage moves on no news. Bed Bath & Beyond (BBBY 11.29, +3.13, +38.3%) is one such name, up 63% at its high today on no news. Volume in the stock is currently 95.1 million shares, about ten times its average daily volume.