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Best Buy Co., Inc. Message Board

  • vincent90157 vincent90157 May 12, 2013 8:46 PM Flag

    Will Longs Hold Into may 21st?

    Will longs show courage or fear more losses? That's possibly it in a nutshell. Another scenario I believe is the report on the 21st may end up a non-issue without the stock moving big in either direction. Also in this market they could have a horrible quarter drift to $21 or so and in a month it will be back to $26. If you miss it almost does not matter anymore. All the $$'s floating around got to go somewhere.

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    • Any longs that have notlocked in at least some of their profits by now are foolish...and greedy! We know what happens to pigs. When this drops to $21 I really don't see it rebounding back to the $26 range even though the stock seems to run up on the most trivial news, this won't continue through the summer. By December this little piggy is in the low teens.

      Sentiment: Strong Sell

    • The quarter will be bad, no question. Since the internet tax bill is still a non-issue, all they really did was start price matching, which have shrunk gross profit margins further than in the past. Even with flat revenue, earnings will decrease, then add/subtract all of the writeoffs for selling their share of carphone, and compensation packages for all who were laid off.

      Sentiment: Strong Sell

    • I think you are going to have a hard time figuring out what people that have doubled their money in 6 months are going to do. First and foremost, they are not going to do anything that you would do. That's why they have doubled their money while you lost yours.
      "If you want to get rich do what rich people do, no what poor people do"

 
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