BBY -Best Buy Message Board

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Non-Tech : BBY -Best Buy

BBY 74.97

+1.1%

3:59 PM EST

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To: BUE, R.C. who wrote (23)	11/14/1996 10:58:00 AM
From: DanZ	of 980

R.C. If you're talking about the bounce from 12 1/8 to 14 1/8, yes--that was a dead cat bounce. It looks to me like the rally has stalled and I expect the stock to test the low at 12 again. I don't like to short stocks outright, so I've been thinking about buying the Jan 15 puts. Current price is 2 1/8 x 2 1/2 and they expire on Jan 17, 1997. BBY will release November sales on Dec 5. Watch out below if same store sales are down again. Third quarter earnings will be released between December 16 and 20. But the big number to watch is Nov sales because analysts will use it in conjunction with September and October sales to predict third quarter earnings. Dan

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