I purchased bby in March of this year. Stock price up over 50% in 3 months. I intend to hold stock till March of 2014 so I can nail down a long term capital gain. My goal is to sell stock at mid $30,s.
agreed. and by the activity on the MB, I don't think the buying is buy many retail investors. We have the institutions that are investing their shareholders mutual fund money in this POS company! Probably some of the people on this board that have 401K's with limited options. Last week I stopped my distribtion to my Vanguard fund in my 401K and the money is now sitting in cash. Vanguard is one of the top holders of this stock. While my measly 401K balance is hardly a blurp in their fund...I feel better knowing that I'm not long this stock.
You're being way too nice in saying it's only $10 over hyped!