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

To: Spekulatius who wrote (28176)	9/21/2007 10:17:45 AM
From: Wallace Rivers	Respond to of 79003

I am not smart enough to dig too deeply on the macro side. IMHO, as should be obvious, on the micro side I'm bullish on BBY. I've traded BBY multiple times, all to the plus side. Some were nothing more than short term scalps. I'm underwater very slightly now, but I think BBY will be a winner this holiday season. Like Mr. Senior, I've been wrong many, many times before. Might I add, I'm sure I will be in the future. One I've avoided (so far) is TLB. Anyone with an opinion on this falling knife? Looks like poor product mix, lack of execution, estimates revised steeply downward, plus doesn't have the BV support of the likes of a DDS.

To: Spekulatius who wrote (28176)	9/21/2007 11:49:16 AM
From: Bill Wexler	Read Replies (1) \| Respond to of 79003

BBY - well, you gentlemen certainly do have interesting points. but I think I'll stick with my short thesis. finance.yahoo.com As I said, let's revisit BBY again in detail after one or two quarters have passed by, and we get to see a little more evidence of the consequences of this currency devaluation. In the meantime, I want to go on the record with my BBY trades: Short BBY in the 50's also started a long position in GLD (gold)...11/13/2006 Message 23006054 Covered BBY in the low 40s....8/6/2007 Message 23766645 Calling BBY overvalued in the mid-high 40s, and made a general call about a pending secular bear market, beginning with consumer retail ...9/19/2007 Message 23898969