BBY -Best Buy Message Board

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Non-Tech : BBY -Best Buy

BBY 76.17

-2.0%

3:59 PM EST

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To: zalesky who wrote (765)	3/29/1999 8:39:00 AM
From: michael ehrenberg	Read Replies (2) of 980

I'm in at 50 3/8. 100 shares. Chart looks healthy...BBY bounced off its 50 DMA last week at approxiamtely 45. This after tumbling almost 20% after its split a couple of weeks ago. (From its old high off 55 11/16) Now it's ready to move forward. Earnings per share are projected to grow 20 to 30% over the next few years. This can justify buying the stock, despite a trailing PE of 50+. If that rumor is true (and it is a big one) than tremendous upside is a possibility (i.e. AOL back in late December). ME

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