Please do not ignore I am now in your head each day now. As the weekend minutes pass and you worry about your shares going lower think of me. I am now involved in your day each day. I am now planted in your thoughts. When you are using your pointy stick to pick up the cans and trash and BBY shares trickle lower think of me with a smile from ear to ear. I am in front of my screens watching this happen while you are at work jabbing at that McDonald's bag or Bud Light empty 12 pack that youngsters will toss in your work area. Boo Waa Boo Waa!
that's the sound of shares going lower as you are at work with your point stick. You will feel beads of sweat dripping down your forehead as you say to yourself why didn't I sell above $44? $39 is here then $38 then $37 then $36 then $35 and lower it goes and the cursing grows and grows and you start breaking things in you mother's basement. It happens to many pigs who get greedy in this market and sound off over and over when things are great and then suddenly things turn very quickly. I have no skin in this scam stock except a trade now and then but I hope you enjoy the Wall Street pump and dump scam that you may be involved in. Just because you are long I hope this does become a Circuit City down the line. Remember I tried to be nice to you so have a Happy FN Holidays you loser! I'll be dumping my losers in the next week to offset one of the best year I have ever had trading. I'm off to the mall to get gifts and gift cards for my family and friends. PS: I know you are reading these posts I'll look forward to hearing your response later tonight. Ho Ho Ho no Ha Ha Ha....Boo Waa Boo Waa!
You know I never would have thought it would get there by the end of December but after yesterday's action it might. That was one ugly tape in a strong market for most of the session. I figured fund managers would do some window dressing with the 2013 winners at the end of the quarter but they may lock in their profits on their big runners instead it appears. There is only six more trading days left in the year so I guess we will see if shares recover of fade more real soon.
Hey "BJ" the troll checking in....that was some performance today by Best Buy .02 off the lows. If you can lift your jaw off your mother's basement floor maybe you can regroup and come up with some better names for me other than troll. How was the trash collection today? Did you fill a few bags with bottles and cans for those nickels? Your going to need them for where these shares may be heading. Once again the trend is your friend. Have a great weekend AH I have to go watch Green Acres now. When I see Arnold Ziffel I'll think of you. I tied to be nice but you are just a miserable S-um B-g.
.02 off the lows not a great set up for Monday. I only wish benny_jacobs_101 was here to see it. He had to dig through the snow at work with his pointy stick to get those cans each day. When he gets home today I hope BBY's action today does not upset him so that he takes it out on his mother's basement. He does have to reside there you know.
There was the very bullish Janney analyst David Strasser chirping on Fast Money last night but he also agreed that it could drop to the low $30's if it gets hit with profit-taking. His bullishness was based on the same ideas we have heard the entire year....cost cutting. There is also some rebalancing today in the markets possibly some that has hit the share price.
I never saw this rebound coming in one day especially the way it acted the past few days. Maybe it's a one day event or maybe it backed and filled the past few days and continues higher from here. There is some rebalancing going on in the markets today that may have something to do with it but boy did I blow it here. It's ok made some money earlier in F and caught the lows today in KMX and hopefully will make something there too. I'm hoping for mid $49 or better there. Good Luck!
Yes it could be rebalancing like the other person said so later could be interesting but there was an interview with Janney Capital's David Strasser who is the most bullish on BBY and he sounded wimpy on the current quarter and when asked if the stock could pullback to the low $30's he said it could. This guy was laying out the same reasons why the stock got to $44.66 from $11.20 this year he said nothing new. Look BBY's current EPS mostly through cost cutting he said they could earn more than $4 per share by the end of 2014 into 2015 enough said. I guess BBY will open stores within the stores on the roof to get there. The last CC Joly said they were 2/3 the way toward their cost cutting goal. Where does the margin growth come from with all this price matching and BBY's comps get tougher in 2014.
I see no news I have been reading that retail has been weak since Thanksgiving weekend especially since there are 6 less shopping days and the weather has been bad in a lot of places but I believe this may be the interview on Fast Money with Janney Capital's analyst David Strasser who is the most bullish with a buy and a $52 target sounded kind of whimpy about the current quarter and when Guy Adami asked if this stock could pullback to the low $30's and responded it could. If one of the most bullish analysts says it can pullback close to 20% it may just do that.
You are probably right since he is only concerned about where a stock is going and not where it came from. You have to be wary of him and his partner Stephanie Link's picks since they are perma- bulls and are not afraid to pump stocks at all-time highs. He has trained her very well.
I was trying to be nice since it is the holidays but I guess you are just a loser with the pointy stick still picking up cans and trash for the parks department. By the way BBY will be in the high $30's soon enough it's getting trashed so far in a strong Dow today. Don't say I didn't warn you. Remember coal stocks they are the BBY of 2014. Talk to you tonight when you get home from work. One question if you live in a snow state like me (NY) how do you get the pointy stick through the snow to get to the trash? Also my offer to buy any of your family members teeth is extended through Christmas. It would a nice gift for mom since she does allow you to stay in her basement. Happy FN Holidays you #$%$!
I thought this would hold near $22 but it failed miserably and closed near the low. I got in late $21.58 & $21.56 but I sold $21.64 in the AH I think this may drift lower tomorrow. The Hynix news is lingering it appears along with possibly year end profit taking. This Fed rally I think gets sold into very soon when the market starts to focus in on interest rates inching up again. There still has to be some more profit taking and tax loss selling before year end I believe. I guess we'll see what happens.
You're back as benny....wow! I missed you. I only trade this now in both directions but as an investment it has no appeal to me but it does appear that the shares have run out of steam for now and the trend is usually your friend and the stock seems to have no real catalyst anymore since the cost cutting story is almost done, comps and margins are still declining especially now with price matching, most analysts have done their piling on and their year over year comps get tougher in 2014. The Dow is at all time highs again yet each BBY daily run has been met with profit taking for weeks now and it has been making lower highs. Maybe the shares can keep climbing in 2014 especially after what we saw this year but their future earnings reports have to be about real growth, positive comps and margins. It's $3 off the high and never too late to lock in gains and nibble back in at lower levels if you want this as an investment going forward. Hey either way it's nice to see b_j_101 back. Happy Holidays! PS; coal stocks have been killed and they may actually run early next year.
David Strasser of Janney Capital has been pushing BBY since March 2012 I guess he was a bit early. He is still pushing the cost cutting which according to the company itself is more than 2/3 of the way towards their goal. He states their gross margins could improve with additional cost reduction through working with their vendors yet we have not heard that relating to either comps or margins at all in the past few earnings reports and with the price matching to compete with Walmart and Amazon how much more can they squeeze from vendors at this point? He was asked about if a pullback is possible and he said it could then he follows up with the comment "I think the quarter is going pretty well" with little conviction when he said it. These guys just make this stuff up and throw out fantasy scenarios. He says they will earn well over $4 two years from now. They will be lucky if Amazon does not stick the fork in them in two years. How can they grow anything going forward when they continue to discount like crazy and their comps do get tougher in 2014 which Mr. Strasser neglected to mention? This stock has had it's run is now struggling to go higher and the majority of the analysts who cover the stock already raised their targets before the last report so what do they do now they keep reiterating their views at every opportunity Strasser has a buy and a $52 target. The Dow made a new all time high today but BBY shares closed down .61 enough already with these guys we were overdosed with them before November 19th. This is now a trading vehicle it is not a real investment anymore especially with a 1.60% yield you can now nibble at great utilities like ED, SO, SPH, even T and many others that are near their 52 week lows because of the slightly higher interest rates with much better payouts and a guaranteed cash flow.