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Best Buy Co., Inc. Message Board

  • leehab22 leehab22 Jan 11, 2013 4:14 PM Flag

    Sales Down, Cash Flow Down, Estimate Down

    So why the stock went up . The stock was manipulated for couple of reasons :

    1- Schultz played a role in it . He and a hedge fund played a game . To push the stock up to force short sellers to cover and also pursuade investors to finance the deal.

    I can tell you that short sellers did not cover and in fact they probably added to position.

    Now a hedge fund is sitting with 43 mil shares and stock is around $14.00 and now what .

    The deal will not be financed and look for the stock price to go below $12.00 in a heart beat and the buyer will be enjoying a $80 million dollar loss .

    I loaded on puts and lots of them

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    • 1 think you forgot to mention... Anything that investors scare or Wall Street hate... When it is so bad, it only need a single sign just like "THEY ARE SAVE FOR NOW." It will explode but only for a day or two then investors realized later their business is not going anywhere but down. :) No new way, no new way out... :) They take profit and runnnnnnnnnnnnnnnnn :) That is all... That is the case today with BBY and FB before at $18-19. FB was the hated stock and one good news it jump... :) Trick and Gimmick a lot of retail trader never learns. :)

      • 1 Reply to todaydeals
      • FB is a tech company and Mark is very smart . He can come up with an app to capture mobile ads and the rest is history .

        BBY is a retailer in a bad sector , electronics. People do not replace their TV or AV receivers every day or year . It worked before when there was no Amazon or Costco or Wal-Mart . BBY is a one pony retailer and that is electronics whereas Amazon, Costco , and others are selling items in multiple category such as electronics, food , clothings, office supplies and on and on and so they can afford small margins . I own Costco and they operate on a 5% to 7% margin whereas BBY won't be able to do that . Last quarter BBY lowered its margins and still sales dropped 1.4%

        When Wal-Mart ran a promotion on Iphone last month BBY matched that but BBY lost $165,000.
        in just one day and BBY cried like a baby because it can not play in the same field as big players.

        Again I am paying $55.00 to Costco each year just to let me shop there but BBY is free and yet it is always empty .

        Jim Cramer said on Friday that the stock should have gone down so we know the rally was fake and the stock was manipulated and watching the trading you could tell easily a fund was trying to push it to $14.00 and higher .

        BBY has to change its format and become more like Target to survive but that field is very crowded

    • Consenus Estimates for this quarter prior to today was $1.48, last year the actual EPS for the quarter was $2.47. Now even though there is margin contraction this year, it will not result in a 99 cent drop in EPS. In other words BBY is going to beat their quarter and full year earings or the Estimates will be raised between now and Feb 28. At least thats what I see!

    • poor hab,......u think hedges dont know WHATS UP......this gets buyout way before feb.....22+....yeah now boy, better run, cover ur b-hind,no lube for u

      Sentiment: Strong Buy

    • If you purchased puts, you already lost money, more on Monday and every subsequent day.

      Sentiment: Buy

    • I bet you won't be posting here when BBY gets bought at $20+ LOL

 
BBY
30.93-0.62(-1.97%)Jul 29 4:04 PMEDT

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