NEW IDEA ON BEST BUY — BEST BUY HAS BECOME A SHOWROOM FOR AMAZON
Best Buy (BBY) reports earnings on Dec 13 before the market open. Bad earnings report has the potential to push the stock down to $21-24. BBY has become a showroom for Amazon (AMZN). Customers check out the merchandise at BBY and then buy them at AMZN.
It is no secret that under the present law, companies can easily manipulate earnings for a quarter or two. There is no telling what BBY will do with its earnings for the last quarter.
BBY has lots of shorts in it. If the earnings are even slightly better than the whisper numbers, a short squeeze may set in spiking the stock.… Please click here or the title below to read more.
December 11, 2011