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Non-Tech : BBY -Best Buy
BBY 82.14-1.3%Oct 31 9:30 AM EDT

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To: calgal who wrote (902)2/6/2002 10:20:59 AM
From: Outer-limits  Read Replies (1) of 980
 
Decided to short this PIG around 70 bucks this morning. Here are my
reasons:

1. Stock was downgraded yesterday due to sales falling off as the consumer pulls back from his gluttonous Christmas ways.

2. Chart pattern absolutley stinks, with descending pattern continuing.

3. PE of 35 way, way, too high for this stock.

4. Nasdaq obviously breaking down, will take BBY with it.

5. Company coming out with its own line of PC (massive competition in this sector-sounds like a REAL bad idea).

6. Tremendous bullishness on this board.

7. Stock has had Tremendous runup, how much farther can it go in this market environment??
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