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Best Buy Co., Inc. Message Board

  • mfw24 mfw24 Oct 10, 2013 6:22 PM Flag

    Qualified "Research"

    Let me see if i understand this correctly...an analyst does some 'research' which tells him that 9% more people plan on buying their holiday gifts at Best Buy then last year. So based on something that hasn't even transpired, the market cap on this stock goes up 100M+
    Does anyone else think this is bizarre. Where is this guy's research data and who knows if this was even a valid study or if it was sponsored by a legitimate third party. Not only that, but who's to say that those same people won't buy at WMT or Target once they see the doorbusters at those stores. This is just utterly ridiculous market BS. I know that the market is full of logic that doesn't make sense, but come on!

    Sentiment: Strong Sell

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    • I agree with you. After loking at the recent insiders selling I am going to short this tomorrow look at this over 1.5 million shares were sold by Schulze also look at earlier dates

      Oct 3, 2013 SCHULZE RICHARD M
      Beneficial Owner (10% or more) 270,000 Indirect Automatic Sale at $37.59 - $37.63 per share. 10,155,0002
      Oct 2, 2013 SCHULZE RICHARD M
      Beneficial Owner (10% or more) 546,334 Indirect Automatic Sale at $37.61 - $37.62 per share. 20,550,0002
      Oct 1, 2013 SCHULZE RICHARD M
      Beneficial Owner (10% or more) 892,000 Indirect Automatic Sale at $37.93 - $37.94 per share. 33,838,0002

      Sentiment: Strong Sell

 
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