Why I Added 20,000 Shares of BBBY Today

I have been beating myself since BBBY was at $1.30 for not adding 50k shares. Even before the recent run BBBY hovered at $2.60 and I regretted not buying more. I told myself if it dipped back to that price and we were still on REGSHO with a high CTB I would go in, and so I did today.

I made sure to check again on Fidelity before I bought today and sure enough, BBBY is still at 265% CTB. Pretty insane. I really doubt retail sold and caused the dip down from $7 after the preferred shares announcement. I suspect it was a desperation move from the shorts to create FUD.

This brings my total position to 45,000 shares of BBBY. My previous average was $7.11.