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Best Buy Co., Inc. Message Board

  • lekinsh01 lekinsh01 Nov 1, 2013 3:57 PM Flag

    How many fake upgrades needed to get SCHULZE RICHARD M, insiders out..?

    crooks are are just making people fool of this dying company.

    Sentiment: Strong Sell

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    • 1. Very very low volume last week. Weird trading up in am close barely changed. But low volume
      2. Mr. Schultz's liquidatione ( sale of stake ) for his charitable family trust continues until March (company, SEC registered and planned.

    • The analysts are doing many of the insiders an incredible favor. Ironically some of these insiders were the ones who ran BBY into the ground prior to this run up. WS always rewards incompetent executives especially when they run their firms into bankruptcy. Watch the shares right now there seems to be a lot of profit taking above $43 as the year nears an end. It could be fund managers who rode this up from various levels finally willing to take profit. I still believe we see pretty good market correction after Thanksgiving. After the initial Black Friday pop Christmas sales will drop off as they seem to each year lately, fund managers will be cashing in so the performance chase ends, the DC dance starts again in Dec. as the debt ceiling comes back soon after, the Fed may taper in Dec. and the S&P is up more than 23% YTD based on the money printing mostly. Now of course the analysts can keep lowering estimates for the future quarters and then the market can beat those reduced estimates but that game has to eventually end. Come Jan-Feb they will probably front load the year run the market up early then sell it into April like they seem to do. The Fed is the key since there is no job or wage growth. Corporations need to hire and pay workers instead of buying back shares and increasing dividends to see at least a 3%+ GDP number. Sorry for the length of this.

37.25-0.04(-0.11%)Oct 8 4:00 PMEDT