I own a farely large sum of shares of this stock and Im staying
It might be different if there was actual concrete news of anything...but with Christmas around the corner and the fact that I believe this stock will rebound(BO or not). I cant live with myself taking a loss this big..Im waitin her out. Whos with?
With estimated earnings of over 2 dollars next year the stock is going to 20's. It is different from Circuit City because they don't really have any other box store competition and are aware and are working on fixing their online business. I would rather buy from BBY online compared to Amazon, because I can return at the Box store. I loaded up today, shorts are manipulating the stock, My feeling is Ichan is taking positions...
...Don't sell this pig.....!!!!...... I have (2) recent experiences, sad as it is, whereby I was "shaken" out of my large holdings on potential buyout companies (HGSI & Metro Piece-of#$%$) under much worse negative-on-the-deal commentary, and BOTH shares' in both targets were both at around 52-week-lows ....and then BOOOOM !!!!...there came the Buyout companies, effectively doubling both companies in weeks to overnite (HGSI -- $7.14 to $13.82 in one day) !!....so again, DONT SELL BEFORE SCHULZE MAKES HIS PENDING ANNOUNCEMENT KIDs !!....Dont get busted 2x like I did .,..learn from HISTORY and how these greedy pigs manipulate the stock as GOLDMAN Did with Metro Pcs - telling people days before that the shares were worth $5 and there'd be no deal EVER !
Liars and cheats, they all are !!
...Anyway, enough ranting, God bless us all !
JT, in NYC