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   Non-TechBBY -Best Buy

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To: parker_benchley who wrote (934)10/12/2002 6:07:48 PM
From: Outer-limits
   of 980
 
Yes, I too live in the Minneapolis area and I also believe we are definitely NOT out of the woods yet with BBY. Due to a ceartain technical indicator I discovered years ago it is almost a lock that BBY at least goes back down to about 15 bucks (might see a tad more rally on Monday). Nope, you can't go agains that article you supplied and buy with abandon at these levels. BBY could ratchet down their 4th quarter earnings at any time, throw in the slowdown on the WEst coast docks, the negative press about the economy and millions of jobs lost, and you've got the recipe for another major hit to the stock. In the back of my mind I've got this dream about buying BBY around 10 or 11. It might just happen yet (worst case scenario). Nas Drovya!!!!

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To: Outer-limits who wrote (937)10/14/2002 11:37:21 AM
From: parker_benchley
   of 980
 
I feel that Brad Anderson is a good man and his comments were fair warning to investors. I think we may reasonably see $18 in the near future. At <$15 I'd mortgage the dog.

You were right about that small gain today. Good call. How did you arrive at that conclusion?

Parker

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To: parker_benchley who wrote (938)10/14/2002 8:14:55 PM
From: Outer-limits
   of 980
 
Actually didn't mention a slight gain today in my last post. However I'm glad we got it. BBY is a heavily shorted stock, looks like the shorts got a little nervous today. Volume on the up move was somewhat lackluster. This stock could at this point really go back up into the 21-23 area. After that it all depends on how their Christmas sales are going. Still though, feels like we haven't corrected enough just yet. I think it still goes back down to 15 bucks or so on some sort of earnings revision. Lets wait and see!!!!!

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To: Outer-limits who wrote (937)10/15/2002 10:10:25 AM
From: Ausdauer
   of 980
 
Due to a ceartain technical indicator I discovered years ago it is almost a lock that BBY at least goes back down to about 15 bucks.

Time to abandon your indicator.

We retested lows and now the market rally is upon us.

Unlike other retail areas like, say, home improvement, where you have Lowes or Home Depot or Menards, the electronics area is served by Best Buy, Circuit City, some computer retailers like CompUSA, and some office supply companies like Office Max. Best Buy has the greatest pure electronics appeal with Circuit City being second. Forget about Radio Shack or Electric Avenue or Audio King. Best Buy is big and visible.

OK, it will be subject to the same market conditions as all retail, but I think back to the mid and early 90's when electronics was a stereo system, a TV or cable system and PC's. Now it is much larger than that and demand is much broader. And Best Buy is an enormous US venue for manufacturers. I think Best Buy is in an advantageous position, but stuck in a bad and uncertain consumer environment.

I hope Q4 is good to Best Buy and our local economy.

Aus

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To: Ausdauer who wrote (940)10/15/2002 7:19:18 PM
From: Outer-limits
   of 980
 
<Time to abandon your indicator>

I'm not so sure about that!! If BBY ratchets down earnings expectation for the fourth quarter it could easily trade down to about 15. Shoot, I sold a nice stock called PD today just to get ready for this possible situation. I've got a basis on my two buys of around 20.25, so either way I'm covered!!!

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To: Outer-limits who wrote (941)10/16/2002 10:15:58 AM
From: Ausdauer
   of 980
 
Outer, surprised by yesterday's open?

I don't understand.

Did someone short and have an outstanding market order to cover at $25.00 which was filled?

How did that happen?

Aus

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To: Ausdauer who wrote (942)10/16/2002 6:44:48 PM
From: Outer-limits
   of 980
 
I've seen this happen many times before. They've shown this on CNBC several times, and each time they have never been
able to explain it. The buy usually occurs on an alternate exchange like Island. Of course I knew it was bogus!!!

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To: Outer-limits who wrote (943)10/16/2002 6:49:08 PM
From: Outer-limits
   of 980
 
What does the peanut gallery think about this dire news about MSFT?? Sounds like MSFT wants to pay a heckuva lot less for a new deal. Maybe Best Buy should talk to AOL, or Juno!!!!

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To: Outer-limits who wrote (944)10/16/2002 7:02:40 PM
From: parker_benchley
   of 980
 
O. L.

Microsoft rarely wears the dunce cap for making decisions like this.

Another warning and that $15 figure is not far fetched........

Parker

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To: parker_benchley who wrote (945)10/16/2002 10:35:22 PM
From: Outer-limits
   of 980
 
Yup, and I saw on the news this evening a semi-truck that went through the wall of a Best Buy somewhere. Man, even the teamsters are against us!!!! When it rains, it pours!!

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