Bed Bath & Beyond: A Case Study of Following the Money

[TradeSmith Daily]( Bed Bath & Beyond: A Case Study of Following the Money Money goes where it’s treated best, and for 16 days in August, it was treated very well if it was invested in Bed Bath & Beyond Inc. (BBBY). The share price had a meteoric rise of 445.34%, turning every $5,000 invested into roughly $27,000. Sensational news stories abounded, including one about a 20-year-old college student who was able to net a $110 million windfall by selling the 5 million BBBY shares he bought in July for just under $5.50 per share. With the price spiking far beyond a reasonable value for such a long-struggling business, it was a question of “when” and not “if” the stock price would plummet. That tipping point arrived on Aug. 18 and 19, and when the dust cleared, it appeared that there may have been something happening behind the scenes within the company that artificially increased the stock price. A class action lawsuit filed on Aug. 23 claims that a majority shareholder approached former CFO Gustavo Arnal (deceased on Sept. 4) to conduct a “pump and dump” scheme… RECOMMENDED LINK [Is This Sleepy Australian Beach Town The Epicenter Of A New Financial Revolution?]( One of the residents of this sleepy Australian beach town is leading [a new financial revolution](. He’s helping ordinary people reach millionaire status in record time. For the last few weeks he’s been pounding the table about [an event that will introduce a "revolutionary technology" that he claims will take the market by storm...]( And he isn’t alone... Many of the world's billionaire investors are moving their money as we speak. JPMorgan bank just made its move to prepare itself — so did Wells Fargo and Goldman Sachs. Even the biggest tech companies in the world, like Facebook, Microsoft, Apple, Google, and Amazon, are getting ready for this technological shift. So right now he suggests making these [two moves]( immediately to prepare yourself for what is coming... [Click here for the full story and watch this time-sensitive presentation today](. What Happened at Bed Bath & Beyond The lawsuit alleges that Ryan Cohen, the founder of Chewy Inc. (CHWY) and the chairman of GameStop Corp. (GME), approached Arnal with the scheme. As part of the scheme, Arnal allegedly issued misleading statements that would showcase the company in a better light. He is also accused of regulating insider sales from Bed Bath & Beyond directors and officers to ensure that there wouldn’t be a large number of BBBY shares available for a certain time. According to the lawsuit, these actions together would have artificially increased the stock price. The lawsuit gives further support to this being a potential “pump and dump” scheme between Cohen and Arnal, as both men filed forms to sell all of their shares before the BBBY stock price would go on to plummet. The lawsuit also alleges that Cohen and Arnal met with JP Morgan Securities LLC to discuss their exit strategy before they sold their shares, and that JP Morgan aided and abetted the operation. Arnal sold 42,000 shares, valued at $1 million total; Cohen sold his shares for a profit of $68.1 million. In contrast, the group of shareholders who brought on the class action lawsuit claim they lost $1.2 billion. There is still a lot unfolding here, but there are two immediate takeaways. RECOMMENDED LINK [You Deserve a Commanding Lead Over the Masses]( On Tuesday, Sept. 20th, at 8 pm Eastern, you will discover the [$9 trillion bombshell at the center of one of America’s biggest cover-ups...]( And why one Wall Street maverick has been turning it on its head to outsmart, outmaneuver, and outperform the top guys in our business. This maverick predicted the rise of more blue chips than maybe even Warren Buffett: Facebook, Google, Monster, Amazon, Netflix, NVIDIA, D.R. Horton, Microsoft, SolarEdge, Adobe, Take-Two, Electronic Arts, Alibaba, Garmin, Broadcom, Ulta, PayPal, Lam, The Trade Desk... the list is practically endless. Even in the midst of the 2022 meltdown, when the average stock was down as much as -19%, this guy’s plays were up by an average of 64%. Right now, he sees a secret $5 trillion wealth infusion that could send an ultra-specific corner of the market soaring. If anyone can give you an upper hand, it’s this guy. See exactly what we mean... [Register for this FREE Event Now]( How to Stop Being Separated from Your Hard-Earned Money When you see a stock price like BBBY start to skyrocket, especially in a bear market, it’s easy to feel a pang of FOMO (fear of missing out). But when that starts to happen, take a step back and try to remove the emotion from investing. Bed Bath & Beyond has been in our Red Zone since September 2021, and it has a sky-high-risk Volatility Quotient (VQ) of 82.07%. Armed with that information, you can avoid becoming a victim of buying high and being forced to sell low. Within the TradeSmith system, there’s also a new edge you’ll soon have the opportunity to learn more about within the next few days. On Sept. 20, you can hear from an expert who had the data showing that people should have stayed away from this stock as early as 2014. This expert tracks the flow of money in and out of stocks in real time so you don’t have to wait days, weeks, or months to find out what big money is buying and selling. To get a taste of how his system works, take a look at the chart below. The yellow bars signaled in stark clarity how BBBY was a stock to avoid eight years ago. You can see that from how the stock performed since then, it has paid to stay away. Normally, this is the type of information that only hedge funds and high-net-worth individuals would have access to, which is why the expert we just mentioned is being called the “most wanted man in finance.” Our Platinum members have already had a chance to meet him, but for those who have yet to meet him, you get your chance on Tuesday, Sept. 20, at 8 p.m. Eastern. Just make sure you don’t forget to [click here]( to reserve your spot. Take care, Team TradeSmith P.S. A rare, headline-making “financial event” could blow up the crypto market like never before — by the end of the month. And one millionaire crypto expert has identified the epicenter: a tiny $2 coin set to totally disrupt a $30 trillion industry. [Click here]( to learn the identity of this coin and to see complete details on how to position yourself for a chance at 1,000%+ gains in the coming crypto revolution. Best of TradeSmith The chart below represents the best-performing open positions over the last two years, as recommended by our software. [Download now on the Apple Store]( [Get It On Google Play]( [866.385.2076](tel:+866-385-2076) | support@tradesmith.com ©TradeSmith, LLC. All Rights Reserved. You may not reproduce, modify, copy, sell, publish, distribute, display or otherwise use any portion of the content without the prior written consent of TradeSmith. TradeSmith is not registered as an investment adviser and operates under the publishers’ exemption of the Investment Advisers Act of 1940. The investments and strategies discussed in TradeSmith’s content do not constitute personalized investment advice. Any trading or investment decisions you take are in reliance on your own analysis and judgment and not in reliance on TradeSmith. There are risks inherent in investing and past investment performance is not indicative of future results. TradeSmith P.O. 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