People think this is the new normal now. It (the market) will be going up for ever. No event could ever slow it down.
until it does!!!!!!!!!!!!!!!!!!!!!!!!!!
If a company like BBY has a negative EPS, why is the share price so high? Why would anyone want to own this only in the hope that it may one day be profitable?
Or is it profitable and I just don't know what EPS actually is?
I was in Best Buy tonight and the store was dirty and the floor plan had been changed and it just did not jive right. I went in with an open mind to see if any and I mean any item would catch my eye and I could be sold.
I walked out empty handed and just shaking my head on how the share price is so high.
If Fry's Electronics ever went public and expanded BBY is history
To me this is a screaming short, but WTFDIK....................
If I were long, and I hold no position at the moment by the way,,,I would sell. We all have seen where greed gets you...take your profit and wait and see....if it does not go down then buy back in but if it were to go down, holy #$%$,,we are looking at easily a hundred bucks a share...this is a classic example of how people say they have run a stock up to heaven and all the way back down for a loss.......
it was 6700 cars and I think I may have seen it on a local Seattle channel..probably will not go mainstream media.......not news they want to go national
It must fill the gap. with downward momentum it will probably touch 69.50 ish at some point soon.