Bed Bath and Beyond - February 2023
The astrology of Bed bath and Beyond(BBBY) in February 2023
It is nice to be back. I am not sure whether the Mars retrograde was responsible for keeping me from posting or whether I was just having too much fun. Either way, now we’re back, there is plenty to talk about.
Readers will know that I love a bit of financial drama and that has been found in spades recently with Bed Bath and Beyond. The company has been struggling with the shift away from stores to online for some time and the pandemic really didn’t help. It needs funding to move forward, otherwise it will have to declare bankruptcy.
However the crazy retail meme crowd don’t worry about such useful things as fundamentals or cashflow, they are conducting a war with imaginary antagonists, and are determined to win by betting against them. This has led to some ludicrous stock price movements in the last week.
The activity took place on 6 February and reached a peak at around 3.20pm EST. By 9.40 am the next morning the stock was back to its previous day’s opening level. There certainly should be something to see.
So, let’s take a look at the astrology.
I’ve struggled to find a confirmed foundation chart for the company’s formation in New Jersey. It was definitely founded in 1971. However 5 October is in use by another astrologer so we will use this. The chart is set for 12 noon as is convention.
It was almost as hard to find a first trade chart for the IPO in 1992 ( essential if we are looking at speculative buying) but I’ve tracked it down to 5 June. The chart is set for 9.30, the start of exchange trading in the absence of other information.
Looking at the latter chart, first, we can immediately see the two factors at play. The transiting Sun is conjunct the IPO Saturn and is exact on 6th February, highlighting difficulties, but Uranus is conjunct the progressed Mars. Uranus conjunct Mars always leads to dramatic not necessarily rational price or volume movements.
We can also see that transiting Mars is conjunct Venus that day. The excitement feeds into the price.
Now look at the exact time of the peak. The Moon has reached the progressed Ascendant but the final piece of the jigsaw is that transiting Neptune is on the MC at the time of the peak. Neptune doing its job as promoted of bubbles and delusion and ignorer of fundamentals in favour of fantasy.
We could look more at the wider picture in this chart but I am going to turn to the ( alleged) foundation chart instead.
Even in this chart we can see something was happening . Transiting Mars was conjunct the Descendant on the day of the activity and also square the progressed Mars. But we are more interested in the bigger picture this time and what the chart says about the fundamentals.
Though we can also note that Mars here may indicate ongoing negotiations with buyers or funders.
We can see that Pluto has recently crossed the progressed Ascendant, that is certainly contributing to the negative sentiment. Things quite literally look terminal. I’d guess that we’ll know soon as Mercury crossed the Ascendant yesterday and will move into Aquarius. Pluto is also square the chart Moon suggesting very deep seated problems with the customer base. Pluto isn’t done with this degree either until the year is out so even survival now does not guarantee it long term.
We also note that the progressed Sun at 3 Sagittarius is conjunct the natal Jupiter – but is also opposite the progressed Saturn. Jupiter might be positive but Saturn most definitely suggests challenges.
It is also worth noting that Neptune will conjoin the IC in the coming 2 years, that does not suggest financial stability. It may be that some parts of the company remain though – bought out and no longer listed.
Although this is not as bad a Evergrande ( I’ve never seen such a depressing outlook as that one) it does look challenging.
OPTIMESIA
