Some of us are "outdoorsey" and the some among us are very much "indoorsey." Some of us like playing football, and the coolest among us prefer playing Dungeons & Dragons. Some of us are young, some of us are much more advanced in years. We are a very diverse crowd of people who come to this website. This highlights the fact that even in the case of what was obviously an unmitigated disaster, puts are the safer instrument. Finally, the put options I wrote previously did less badly than the stock. This will sink the already terrible earnings here. In particular, I'd need to see inventory levels come down, as I think the probability of a write-down increases by the day. I could be persuaded to buy back in, but I'd need to see some significant improvements in the overall economy. Bed Bath & Beyond is even less compelling an investment now than it was when I abandoned the name some months ago. I'm of the view that it's very common for investors to use stock price itself to justify a position, and that is a very flabby argument, especially on a site such as this. That written, I wouldn't object to a bronze statue commissioned in my honor. Knowing that I'm making the lives of my readers just a bit brighter is thanks enough for me. There's no need to thank me or throw around words like "hero" and "saintly" for this. The thesis statement paragraph offers them the highlights of my arguments at the beginning of the article, which then gives them the option to avoid wading through my weaselly justifications for a given decision. I offer this service to readers as a way for them to save time. It's time, yet again, for me to offer up my "thesis statement" paragraph for my readers. The third involves me droning on, yet again, about how short put options are great at reducing risk and enhancing returns. The second involves trying to now work out whether Bed Bath & Beyond is a good buy or not. The first of these involves using stock price as proof of anything. There are three ideas that I want to explore in this article, so I'm about to explore three ideas in this article. Had my timing been much better, and had I waited five weeks, I could have sold my tiny stake at a nice profit. Immediately after I sold my shares, the stock rocketed to just over $23, before crashing back to the current price of ~$6.65. The situation here became downright insulting for me, though. It's been said that the world's greatest investors are correct barely more than 50% of the time. About five months later, I abandoned the stock at a price just over $5, as my view of the company deteriorated from "troubled" to "very troubled." People sell stocks at losses all the time, though. In February of this year, I took a small, speculative position in the company at a price just under $16. With that in mind, I want to write about Bed Bath & Beyond Inc. Those people who've had the misfortune to see me dance know that my timing isn't always perfect. I've written it before, and no doubt I'll write it again.
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