after hitting a high of 30 on wednesday shares of bed bath  beyond bbby fell to 1855 thursday on news that billionaire chewy inc chwy founder gamestop corp gme chairman and pied piper of wall street bets apes ryan cohen had dumped his entire stake in the ailing retailer after hours the bloodbath continued with bbby dropping another 45 to 1027 zerohedge had all the sordid details but since i traded bbby in my personal account during this fiasco i thought id note here where i went wrong and where i went right then ill show what names portfolio armor was picking around the same time its an interesting contrast between a speculative human approach and an empirical algorithmic one on july 7th i bought 5 strike november puts on bbby at 153 as i thought the reaction to the ceo buying additional shares was unwarranted   where i went wrong obviously i bet against bbby a bit too early here i was influenced in part by my general bearishness after reading zoltan poszar predict doom the ny fed wunderkindturnedcredit suisse strategist on why the feds helicopters are dropping financial napalm this time sh weat tecs boil httpstcohkljrglkse portfolio armor portfolioarmor may 17 2022   where i went right buying puts instead of shorting it would have been hard to stay short bbby from 5 to 30 but im still holding those 5 strike puts on tuesday august 16th i bought 20 strike november puts on bbby at 888   where i went wrong at the time those were atthemoney and they were extremely expensive i probably would have been better off buying cheaper ones at a 10 or 15 strike   where i went right fading the parabolic move in a moneylosing stock if bbby trades near or below its after hours close on friday i expect my 5 strike puts to move closer to what i paid for them and my 20 puts to be up significantly while i was buying puts on bbby in early july based in part on my general bearishness portfolio armor was becoming less bearish thanks to the new security selection factor we added to it at the end of june the thread below shows the performance of the first four weekly top names cohorts since we added the new factor on june 24th followed by the names the system would have picked without factors as youll see the new factor improved performance significantly by keeping us out of bearish names such as the direxion daily technology bear 3x shares tecs over the last two months one point of clarification the new factor isnt going to always keep us out of bearish etfs but it looks like it will get us better entry points in them and other volatile names