Recent

% | $
Quotes you view appear here for quick access.

Best Buy Co., Inc. Message Board

  • pizzaman1094 pizzaman1094 Apr 30, 2013 1:22 PM Flag

    thoughts for tomorrow (shorts)

    Just opened a new short position at 26.79. I'm debating whether to exit today with my 2% gain or hold for sell off tomorrow.

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I only shorted a little at $26.88 today was looking for another momentum push back to the highs but I'm not sure if we will see it today. The math on the cash ( and Carphone stock ) does not add up to this early price action. In addition the $200 million charge does not add up either based on that this sale price is less than half of what they paid for the stake. Maybe BBY already was writing this off but that seem unlikely my guess they will spread the loss over the future. This is a large loss they are taking on this sale. I think this will fade back under $25 by next week but you know how little sense there is with this stock. Options may come back into play too. I cannot wait til May 21 to see the truth. There is so much speculation in the stock that they had better actually show a profit.

 
BBY
35.18+0.53(+1.53%)May 1 4:01 PMEDT