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

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



To: zalesky who wrote (765)3/30/1999 6:13:00 PM
From: yard_man  Respond to of 980
 
I guess the indices will never go down. Just keep putting the next hot stock in them. Do you know where there are statistics about additions and deletions from the indices? I would find it interesting to review.


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