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Best Buy Co., Inc. Message Board

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  • rimmstagnant rimmstagnant Nov 19, 2012 11:58 AM Flag

    Why I'm holding despite bad news

    I'm new to BBY but have been watching it for months. I took a short position last week at $15.70 and am obvioulsy delighted with the results so far. I think it'll go lower tomorrow on disappointing earnings and immediate outlook - they may even declines to offer guidance here on out... Please tell me why you're holding and what do you think will happen in 3 months or a year. I've often held stocks too long and have gotten out too soon but this looks like a certain winner from a short position. Hard to see how BBY can come back when the AMZNs are eating their lunch every day?

    Looking forward to your insight.

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