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Best Buy Co., Inc. Message Board

  • vincent90157 vincent90157 Jul 15, 2014 11:02 AM Flag

    If It Has Bottomed For Now

    Check out my reply to the "Support level?" post I thought it may drop some 10% from the high to near $29-$29.25 where it got to yesterday. I hope that will be the support for now.

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    • But--but--nothing had changed since the 32. One more upgrade since then. If not manipulation why the sellers. We are still waiting for the China business deal. The dividend increase good. Stores are busy. Why sell to support.

      • 1 Reply to thoughtfulbest
      • As stupid as it may seem I noticed that that gas prices dropped overnight more than .20 here where I live in NY. The recent elevated prices may have been killing retail in general lately anyway. Todays retail numbers were a mixed bag the headline missed but the underlying numbers were OK. That's why I say that if the market is looking at the drop in gas prices maybe these stocks start to rebound. Intel put out a good quarter tonight and BBY does sell a lot of products with Intel in it. I just figured that a 10% fall from the $32.50 area was possible. Let's see if there is some follow through or if this bounce was a one day event. One thing for sure they weren't selling it today on every bounce like they were the last week.

 
BBY
31.03-0.42(-1.34%)Jul 25 4:02 PMEDT

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