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Best Buy Co., Inc. Message Board

  • rudeymvp rudeymvp Oct 29, 2008 8:40 PM Flag

    WHATS THE TREND? ITS DOWN!

    We are told from all the PROs to TRADE WITH THE TREND!
    Since the Trend is DOWN,,,explain to me again WHY you people are buying???? Theres no reason to buy Best Buy, just cuz something is CHEAP doesnt mean squat!

    BBY is still below the downtrend line, only 2 positions should be considered...go short on a move into new lows below 20..or NONE,,and theres nothing wrong with a NONE position.

    Dont you folks LOOK at a LONGTERM CHART? 2 times in the last 9 years bestbuy has bottomed at 10 bucks a share! Theres nothing stopping it from doing it again.

    I just dont understand why people RESIST the trend and are always bottom picking and top picking. I guess thats why its so easy to trade with the trend,,cuz only 5% of traders actually DO.

    Since its been said that only 5% of traders make money over the longhaul, wouldnt ya THINK that people would get a clue and DO what the 5% of professional traders DO and TRADE WITH THE TREND?

    The answer is NO because people are more concerned with being RIGHT to feed their EGO instead of being wrong 60% of the time and making a killing.

    Get a clue people...NO REASON to buy a stock or commodity thats in a downtrend.

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BBY
32.62-0.97(-2.89%)Oct 1 4:02 PMEDT

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