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Non-Tech : BBY -Best Buy
BBY 74.97+1.1%Dec 11 3:59 PM EST
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To: DanZ who wrote (15)11/9/1996 11:42:00 AM
From: BUE, R.C.   of 980
 
Excellent homework! Excellent Guess!

It looks like you really got your poop in a group. Sorry
for the bathroom humor but I got a 3 year old that my wife
and I are trying to potty train.

Back to BBY. I was never really good with this writing thing
so please bear with me as I try to reword my question. It seems
that people couldn't get out of the stock fast enough last
week. It looked like that people took one bit of information
instead of the whole picture (ie fundamentals). The market gets
scared and start selling. When the news was released, it started
rolling like a snowball down a hill. Conversely I've seened
companies come out with lukewarm quarterly reports and the market
and brokers come out with a buy. For example HTCH. I must be
missing something but I've heard several brokers come out with
a buy for HTCH and HTCH is only predicting a less than 10% growth
rate for next year. Enough babbling. So my question should be
How much is psychology and how much is fundamentals. When BBY
went through that big sell off last week do you think that
people were selling because of fundamentals and that decreased
same store sales information pushed them over the edge or was it
that bit of information and a nervous market that pushed it
4 points down that day?

I look forward to your response.

thanks,
Bob

PS Do you know (or anyone else for that matter) what a "dead cat bounce" is?

PPS Do you have any opinion on OLM? It's another stock I've
been watching but the company has been quiet lately.
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