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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (26473)	4/4/2007 10:39:55 PM
From: Wallace Rivers	Respond to of 78708

FWIW I'll preface this by saying I exited a prior BBY position about two weeks ago just south of 50 for a 5% or so ST gain. I reentered today at 47.84. I thought Q results were excellent, and feel I am taking advantage of selling pressure due to fear of declining margins. I personally don't think the forward look was bad enough to merit a buck or so selloff on the stock today. I also feel, to take a page from Cramer, that BBY is best in breed, CC is a weak sister, at best. CC's replacing higher salaried employees with lower salaried ones is totally perplexing and short sighted, as well. BBY adding AAPL products to its mix is a smart move, additionally. Also, anyone interested in CFC at hese levels? Just an FYI, Countrywide offers a high minimum MM with just about the best rate I've seen, 5.4% APY, for those interested.