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Best Buy Co., Inc. Message Board

  • chessmaster315 chessmaster315 Jan 14, 2013 9:47 AM Flag

    Short squeeze

    Shorts you better cover while you can! Technicals on BBY are bullish, and BBY just broke through resistance at 14.25. Next resistance is 16.00
    Strong buy

    Sentiment: Strong Buy

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    • This isn't a squeeze. Look at the volume. May be a little consolidation. Stock should settle somewhere 13.50 to 14.50. Same store sales declining and shrinking cash flow. Longs are betting we get a buyout higher, which is unlikely. People will not normally buy companies for more that 1 year gross sales or at a price outside a 5 year ROI. 12.9 Billion was 2012 gross revenue. Divide that by shares outstanding and you will have your answer.

    • How can the stock justify higher value? It is all speculation that a buyout will occur. The holiday numbers were flat. I hear the arguement that a 20+ offer is coming but does that really make sense? If you were investing in a company/stock you would want to see positive growth and potential for greater growth. What you have with Best Buy is DECLINING growth. I bought some puts on Friday....I think it's going lower. If I'm wrong that is trading and i'll deal with it. It just seems unlikely this will continue higher without additional news from Shulze about a buyout. GL

      Sentiment: Sell

 
BBY
24.27-0.22(-0.90%)Apr 23 4:01 PMEDT

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