David Schrader

Bye, Bye Best Buy

CCinSC

As of 01/07/08 someone would have gained ~10% by shorting BBY since the article was published. And while now would be a great time to take profits, I still expect to see $45 or lower following a short term market rally this week. How do you like them apples?

Bye, Bye Best Buy

Forest
Earning 10 - 15% on a short term trade is worth the time, in my opinion. Keep in mind, I'm not talking about a blow-up of BBY to $20/share, but a correction against resistance.

CCinSC
It may be a tired story to you if you've been following BBY for that long, but right now, I see the opportunity for a respectable ST profit. Also, the economy has not been through the issues it is currently facing for a long time ( I don't even when? ). Yes, the company's going to survive. No, their stock price is not going to $20. You're on a different time frame from me and that's where the issue is. All stocks fall 10 - 15% at times, even GOOG.

Take my article for what it is, a ST profit opportunity.