Thinking the same that $23.41 could be it let's see if it can end up or flat no matter where the market ends up later. That $25 weekly calls looks definitely possible. Today's close on BBY is kind of important needs to break this recent down trend or it will go lower.
The same way this was manipulated months ago to the upside now the same is happening to the downside. BBY has one thing going for it it's forward P/E is now under 11 which is dirt cheap in this market.
Zacks keeps pushing the same article of a sell to $22 here on Yahoo. The articles now here on Yahoo are almost the exact opposite of what we read all summer and fall. The stock is trying to find a bottom. Today I see a lot of stocks including AAPL who missed or kind of missed the higher expectations recently and most of those are down today. The markets are starting to pay attention to fundimentals since the Fed is starting to withdraw some of the money injection.
I doubt a .04 avg. lower will make it drop like that. Rates are going down and utilities have been crushed to 52 week lows anyway so it's got to be something else I believe. Probably just market games being played with nervous traders.
That news hit why should that tank the stock at this point? It had to be something else probably hedgies having fun with SO's earning and higher volume today. Traders are already on edge it may not take much to do this with any stock today.
You know if no real news shows up by the days end and this was some BS rumor on twitter or stops being hit this may go back near today's high unless the Fed totally wrecks the markets later.
May have taken out lunchtime stops it happens with QCOR almost once a week. I'll bet it comes right back because earnings were actually good.
Yeah I see no news unless something happened down in GA with their plants with the weather. Just missed getting some here near the $40.50's
Quintanilla is the straight man for Cramer and Faber cannot take his constant pumping and ranting because he knows Cramer is helping viewers to make impulsive decisions on stocks whereas Faber is without question a serious and objective business reporter and has been one for this network for years. Faber has to be so pis-ed at the network for sitting this clown down next to him each morning.
Nothing to do with Obama his speech was thin and actually a bit bi-partisan . Politics has nothing to do with this correction it was long overdue. Turkey was another reason to sell for now this may end up being a bottom for now if the Fed says the right things at 2pm. If you are so hung up on Obama keep fox Business on and focus on every word and their constant healthcare attack 25 hours a day.
Here's a guy telling people not to panic but since he started his rant at 9am he I believe he had something to do with knocking the Dow futures down another 70 points along with Turkey of course. He' s blabbing it's only going to get worse day by day from here I've seen this before. Now once again anyone who listens to this boob is a boob. Like I usually say he has already alerted his hedge fund pals on what he will be saying on the airwaves. Since he has shut up the Dow futures have improved. I'm not saying we may not be down big today the markets were already in a down trend now lump Turkey on top of it and fund managers already have their fingers on the sell button at the open. He's too funny.
The durable goods number and components were pretty week today. I think that economic indicator kept Best Buy from rallying more in a pretty good market today (since they sell mostly durable goods) yet 3-6 months ago if that same durable goods number had come out Best Buy's shares would have shook it off and rallied much more than it did today. The other ironic fact is that if we had an in line number today the market may not have rallied thinking the Fed will continue their taper program tomorrow but that weak number allowed the market to speculate that the Fed may change their minds on the taper and wait. I think the Fed continues their idea to taper at 2pm tomorrow and we may see this Turkish led early pop to markets tomorrow fall apart just before or after 2pm. The 1pm hour on Wednesday may be a great shorting opportunity if this plays out.
Un fortunately Icahn has lost the magic touch the last few months. Other than NFLX a bunch of his holdings have been tanking lately. His IEP stock has been showing the affect what the market believes his returns will be.
Who knows where it goes from here but BBY did just retest the low from the big drop a few weeks or so ago. The Dow just corrected about 5% from the high set in late 2013. Now the Nazdaq intra-day today was down 5% in less than three days alone so maybe you see a reversal today. New pension fund monies come in in a few days and traders may want to get ahead of that also but I believe the selling may not yet be done. I guess today's close will give us some idea on the near-term direction and I was shocked that CAT beat and helped today I thought CAT alone would have extended the market's losses. A flat close today in markets may actually be bullish and a big wild card for tomorrow is AAPL after the bell.
Twice he has been on and the stock goes down more each time. You can bet that Citi is short. Grasso is in at $79 I think he encouraged the guy to come back on to try to get a bump boy that worked out well for him. I sympathize with those who bought that first afterhours appearance when it went to $91+ it's down $27 from those highs. I had shorted above $87 that night wish I had never covered.
Why would you do that just sell then and take what you have left and just put it in a good dividend payer at least it will grow there. Buy a utility they have been crushed due to rising rates you will be catching them near their 52 week low. Try SO, SPH, APL, or even VZ & T I own most of those.
Why should that shock anyone the way these execs have been asleep at the switch in reacting to their company and sector's headwinds. Most miner firms have the worst management teams around. If WLT and other miners had some of the GOOG or FB type of leadership their shares would not be at $11 no matter what the coal environment is.
Yeah I read it and you can bet the writer is probably short the retail index. At this point there are so many articles in both directions and they are usually pushing their book. When RSH finally folds and other small players disappear BBY may be the last man standing on a national level that's the other side of the story. All stocks are in the grasp of this correction and who knows how long it will last. BBY shares were trying to recover the past few days but sellers and machines took almost everything down today. This may be a tougher short at these levels for now until earnings in about a month. You might figure most of the bad news is in for now but who knows. It did lose more than 35% in the two days after the update. Most of us here knew in our hearts that $44+ in November was a joke but maybe $24 was overdone we will see.