Trinitymaster

Best Buy Bounces on Circuit City Closure

Circuit City's closing only helps Wal-Mart. CC's liquidation is just further proof that people are tired of paying too much for products produced by slave-labor in a communist country.

Best Buy should be renamed "Better be high". Which you have to be when you pay 10% more for a product than if you drove down the road to Wal-Mart.

Wal-Mart will price match anyone, they have their own credit card, and they usually have a comparable selection to Best Buy.

Best Buy will only gain market share if they can convince a couple of major brands to sell exclusively to them.

Me? I'd like to see Wal-Mart lose market share so that I could open up a general store in my small town. Unfortunately, that is not going to happen.

Best Buy is history. Many times I've said buy puts and wait. However that strategy has almost destroyed me as people tend to do everything they can to pump Best Buy's stock price to artificially high levels.

They will file bankruptcy, but they'll be sneaky about it. The stock will be in the 20's, all of their executives will exercise their options (and then sell the stock), and then they'll "unexpectedly" file for bankruptcy protection.

Best Buy Gains Market Share, Starts Selling Refurbished iPhones

Their SEC form 10Q quarterly report, that is

Best Buy Gains Market Share, Starts Selling Refurbished iPhones

Did anyone notice that Best Buy's Third Quarter makes frequent reference to "Third Quarter 2009"?

biz.yahoo.com/e/090108...

Does anyone else smell a Ponzi Chef at work?

Tuesday Options Update: BBY, GS, POT, MOS, AAPL

Best Buy is going down hard. Hardly any spontaneous buying at their stores. People come in for "less than cost" and a few specific items. I'd buy JAN 25 puts and collect when the stock goes down to $17 right after New Year's.

GS is going to nosedive, eventually (again). The US Treasury does not have enough money to buy all of the toxic mortgages.

Buy PUTS at rock-bottom prices, and wait.