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Best Buy Co., Inc. Message Board

  • kurtdglaser kurtdglaser Mar 14, 2013 5:45 PM Flag

    My Humble Opinion

    Is anybody paying attention, first off I am short with a small position of 2000 shares at 20.28 , I believe in full disclosure. Everybody knows they created a dividend that becomes payable on march 19th for 17 cents. So this is a buyout story/ momentum stock/ turnaround story. So is everybody this naive . Of course the big brokerage houses and analysts are going to pump this stock. Their reasoning is, nobody is going to sell before the march 19th dividend , so as a momentum stock/ buy out story, lets pump it now ( I am not discounting that down the road the turn around or buy out works, but really that is at least a year from finding out if it works) so let's get as much as we can from the stock price appreciating , plus the dividend. It makes perfect sense and is very smart to do, these guys are brillant. I am pretty sure after the dividend hits and the price rise from 16 to 21.50 that it takes a big hit. but what do i know :) it is so Wall Street, it makes me sick, but I get it that they are in control . I just have to play off them. Just my humble opinion
    Kurt

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