A few questions regarding $BBBY via /r/wallstreetbets #stocks #wallstreetbets #investing

Good afternoon my fellow retards (Good morning for those in the US)
As everyone else, I too have seen the massive spike in the price of $BBBY. Before YOLO'ing my money in as well, I am left with some questions:

1. There is not much SI so a parabolic short squeeze like GME is out f the picture. So is everyone just betting that the stock price will just rise because of what? Intrinsic value? Help me understand.
2. There is not much float of the stock so about the gain we are seeing now; could it just be whiped out completely when whales start selling their bags?

Please help a fellow ape understand. Answers are very much appreciated