No buyout until at least end of Feb folks. It's all up to the 1/11 christmas sales numbers now for Best Buy. I think the stock price will float lower until that 1/11 date. I will jump out before the announcement and decide which way to go after the news....GLTA
I'm a seller right now but i will be looking closely at the christmas sales results.....if it shows anything positive i think the odd of a buyout may improve and i might change to a long position....right now is the time to sell...sorry longs
I jumped out at 11.35 about a week ago, now I'm sad I did, but still I wouldn't buy back at these prices... maybe below 11, that would be the time to get in... but if the 'tards in Washington keep playing with the market, expect it to get down to 8 or lower...
agreed....i loved today with the moves up. Almost everything poped which IMHO created perfect opportunites to profit from the coming correction down....Best Buy is a perfect example of a stock moving higher on the cliff news...had nothing to do with the companies ability to MAKE MONEY...which is the name of the game folks
In general, I'm usually a bull and rarely short. What real news will move this stock further higher? I guess if you think best buy did a killing during christmas that might move the stock higher? What about the first couple of months in 2013? It is usually a slow time for retail and unless a deal comes in Feb this stock will IMHO float lower.