A few years ago, I was watching two stocks that went bankrupt and their charts are gone. So, I want to mark this one with a comment before it is gone. Sure, maybe this company, BEBE, can turn things around, but the CEO gave no future outlook.
Technical thoughts:
BEBE is closing all of its stores by the end of May 2017 because of stiff competition from Amazon.com and fast-fashion retailers (like H&M and Zara).
To avoid bankruptcy, they will try to turnaround their company as an online brand.
Would you buy this double or triple bottom?
Other thoughts:
LOL! I'll be watching to see what comes next over the next year or two. Maybe BEBE can sell pizza or street food.
Technical thoughts:
BEBE is closing all of its stores by the end of May 2017 because of stiff competition from Amazon.com and fast-fashion retailers (like H&M and Zara).
To avoid bankruptcy, they will try to turnaround their company as an online brand.
Would you buy this double or triple bottom?
Other thoughts:
LOL! I'll be watching to see what comes next over the next year or two. Maybe BEBE can sell pizza or street food.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.