BBY -Best Buy Message Board

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Non-Tech : BBY -Best Buy

BBY 82.14

-1.3%

Oct 31 9:30 AM EST

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To: The Insider who wrote (53)	12/4/1996 2:33:00 PM
From: DanZ	of 980

Insider, I agree with you that the fundamentals don't look good for BBY. But keep in mind that the stock has already come down quite a bit and is only trading at about 1.3 x book. I'm a little confused by the big run-up on high volume Monday. There were buyers of size jumping on the stock...and this was after it was already up over 1 1/2 on the day. Today, there has been a continuous stream of buyers at 13 5/8...very few trades at 13 1/2, and somebody sold 150 Dec 15 puts earlier today at the bid. I'm hanging on to my puts for now but I must admit that I'm not very confident with this position. The stock is acting like the sales report is going to be okay, but then again, I've been fooled before. Dan

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