BBY -Best Buy Message Board

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Non-Tech : BBY -Best Buy

BBY 79.04

+0.5%

Nov 7 9:30 AM EST

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To: who wrote (148)	2/12/1997 4:02:00 PM
From: Dhamo	of 980

My wishful thinking is that the stock goes up atleast within the next 23 months:-) Yes, I have 99 Jan leaps on this. I remember Dan telling in this thread that the stock might sink fast once it breaks the support level of 9 5/8 and it did. However, I see continued support around 8 1/2. I also keep hearing that it may file chapter 11. I am not betting on its short term swings but have faith in its long term potential. BTW, yesterday, I got the monthly newsletter from Waterhouse. There in I find that Stan Harley has recommended this stock. He has said "I'd also look at the retail sector, particularly stocks such as BBY, an elecrtonics retailer and HMY, a furniture company. This sector has been beaten down due to perceived poor holiday season" This reminds me of two stocks. One is KM which filed chapter 11 at one point of time and now back in the businees. Other is TOY which was beaten black and blue during end of 95 and doubled up in a year.

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