Seeking Alpha

Best Buy (BBY +4.2%) trades higher to reach a two-month high without any specific company news...

Best Buy (BBY +4.2%) trades higher to reach a two-month high without any specific company news pushing sentiment. The buzz over Dell's own P-E deal could be bringing some investors back into the fold.
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Comments (1)
  • benitus
    , contributor
    Comments (2032) | Send Message
     
    I think this is just some big corporations pushing the price up to make some quick bucks, so that they can catch those who're eager to jump onto the bandwagon with their pants down, when they dump this stock and short it later when it has soared enough for them to reap their profits. Look before you leap and watch where you tread. The only play possible for BBY at this time is to short it when it goes above $15.50, which was what I did this morning when I came in at $15.70 and now, it's back down to $15.17 and still dropping.
    22 Jan 2013, 01:37 PM Reply Like
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