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Best Buy Co., Inc. Message Board

  • bg4value bg4value Feb 17, 2013 10:09 AM Flag

    While I seldom regret taking a large short term profit........

    the abundance of messages from the shorts on this board is eerie. Add to that the fact that short-term price action has been decidedly up on big volume and back to 20 DMA on low. Are all these buyers still counting on a buy-out? I've never thought so. Will BBY announce surprise up Jan. US sales to add to the fairly flat holiday numbers? If so, the Blackrocks, Fidelitys etc of the world apparently weren't here for a buyout but for a turnaround. Shorts can mock this all you like. If you've been in since over 20, then you're still in pretty good shape anyhow. Even if long term story is BUSINESS MODEL IS DEAD, the short term story is sales stabilized, management schamozzle/buyout story distractions soon to end and lots of strong hands buying lots of shares. See ya Tuesday.

39.02-0.46(-1.17%)Aug 29 4:02 PMEDT