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Best Buy Co., Inc. Message Board

  • vincent90157 vincent90157 Mar 18, 2013 7:12 AM Flag

    JPM's Turn

    Someone is desperate to keep this up. Amazing!

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    • curious what they said and what price target is. Any info would be great. My take is - all these brokerage houses are pushing stock higher to get double whammy. Dividened tommorrow and when they bail after dividened they get the highest price for the stock, they do not want it to fall at least until after tommorrow. the turn around is at still a ways off and we have summer ahead which is usaually slow for stocks, so i think it will correct to that 17 18 range also. Least not forgot they said 1st quater will be bad, so headline will push it down and they are3 still discounting everything, look at there spring cleaning campaign. eventually that will hurt margins, and amazon can get really agressive in pricing to keep market share, do you really think best buy can compete with that pricing, even with their cost cutting?

    • #1 most overextended S&P 500 stock. And the early indications are showing that they don't want to let it correct a bit today! Unbelievable...

      • 1 Reply to telecaster1957fender
      • The number two stock is HPQ and it got another upgrade this morning too. Like I said on the HPQ board these firms must own the shares and this is how they rig the game so people pile in at these extended levels and when the market corrects there are a lot of new bagholders with margin calls. I own 2,000 shares of HPQ but this is still dumb. I believe all this type of piling on in either direction is linked to big options bets by a small number of players. I was looking for BBY to correct so I could get back in near $17-$18 like Terranova said Friday but I guess that's out for now.

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