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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: don smith who wrote (8)	11/1/1998 12:22:00 PM
From: JEB	Read Replies (1) \| Respond to of 56535

Don, Since I am not an options trader, I passed your post on to several people I respect for TA and option advice. I'll see if I can get you an answer. Good trading Don, JEB

To: don smith who wrote (8)	11/1/1998 7:05:00 PM
From: wiley murray	Read Replies (2) \| Respond to of 56535

Hi Don: JEB asked me to give you some input re BBY.TA just gives you some indicators to determine trading price and trend direction.It is one of many things to look at to help in your trading. I am quite sure you know this already. Best Buy from a lagging trend indicator standpoint (MACD,MA,MOM,OBV) is bullish using a Daily time line.From a leading indicator standpoint (STOC,RSI,%R,CCI,BB,DMI) is also bullish using a Daily time line. There is no guarantees on any of my comments.Just remember your opinion is as good as anyone's. I am looking for the general market to be down in November, which might add some downward pressure on BBY.Good luck.

To: don smith who wrote (8)	11/2/1998 11:34:00 PM
From: JEB	Read Replies (1) \| Respond to of 56535

Don, Here's some information on BBY that may interest you. Consider this if your familiar with Corporate stock options. Most corporate stock options are offered to executives for incentive to increase the net worth of the company and thus increase the price of the stock. The option is offered at a certain strike price in the future. These days many companies are offering a stock buy-back plan. Announcing a stock buy-back (Itself) can promote buying of that stock. Now, ...Best Buy announced a $100 MM share buy-back plan. Richard Schulze (CEO/BBY) has exercised 49K options at a strike price of $50. He's sitting on them waiting for a good time to sell. When the buy-back was announced, Schulze said, "We believe that current market conditions have made our stock an exceptional value and investment opportunity". Check out how many shares he's sold in the last year: biz.yahoo.com Good trading, JEB