Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 187.67

+1.5%

Jan 23 9:30 AM EST

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To: don smith who wrote (8)	11/2/1998 11:34:00 PM
From: JEB	Read Replies (1) of 56537

Don, Here's some information on BBY that may interest you. Consider this if your familiar with Corporate stock options. Most corporate stock options are offered to executives for incentive to increase the net worth of the company and thus increase the price of the stock. The option is offered at a certain strike price in the future. These days many companies are offering a stock buy-back plan. Announcing a stock buy-back (Itself) can promote buying of that stock. Now, ...Best Buy announced a $100 MM share buy-back plan. Richard Schulze (CEO/BBY) has exercised 49K options at a strike price of $50. He's sitting on them waiting for a good time to sell. When the buy-back was announced, Schulze said, "We believe that current market conditions have made our stock an exceptional value and investment opportunity". Check out how many shares he's sold in the last year: biz.yahoo.com Good trading, JEB

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