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Meme Mayhem

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

They never learn, do they? Perhaps you’ve seen that about 100% of the chatter on /wsb is about one stock and one stock only: BBBY. It’s evident from the volume. BBBY volume is presently running at what the entire stock market’s volume USED to be when I started trading back in the late 1980s.

We’ve seen this movie before. A huge run-up in price. Enormous volume. And then – – what you see below. Of course, we can forgive them for not remembering something so old. After all, this wipeout happened two full months ago, so why should they be expected to heed the warning signs?

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