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Non-Tech : BBY -Best Buy -- Ignore unavailable to you. Want to Upgrade?


To: Rainy_Day_Woman who wrote (807)9/3/1999 1:15:00 AM
From: Richard Tsang  Read Replies (2) | Respond to of 980
 
I started a small position on BBY again at the close and will add if it drops further. I also closed my short positions on CC. The other one that dropped is TAN. When the interest rate thing quiets down, profit taking will subside and BBY will gradually craw back with good earnings report. 80 by end of year is certainly possible, with hypes for X'mas shopping period.

RT



To: Rainy_Day_Woman who wrote (807)9/3/1999 1:12:00 PM
From: Smart Investor  Read Replies (1) | Respond to of 980
 
BBY is way overvalued for a electronics and computer retailer. margin is getting squeezed more and more. There are no more cheap imports anymore with Asian economic recovery. I think this one will go below 50 very soon.