This post was just published on ZYX Short Sell Change Alert
Consider taking a very small profit that is there on SLV and exiting the trade at $27.74. The reason is that there is no telling what news comes out of Europe over the weekend. By Monday the profit could become much bigger or a loss. There is no sense in taking risk of the weekend.
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)
June 8, 2012
Bernanke indicated the U.S. economy is strong. Some market participants have been selling because their hopes of immediate QE3 have been dashed. Some investors were buying yesterday because of the rate cut in China. Today the same investors are selling because they realize the reason China cut rates is due to economic weakness.
The foregoing shows that there are a large number of investors in the markets who cannot see beyond their nose. … Please click here or the title below to read more.
There is not much doubt thatBest Buy (BBY) will go out of business eventually unless it changes the way it does business. Finally there is a big leap at Best Buy to arrest the company’s downward spiral. Best Buy founder and former chairman Richard Schulze has resigned. Schulze owns 20.1% of the company.
Best Buy is under attack on multiple fronts. It is becoming increasingly common for shoppers to go to Best Buy and scope out what they want and then order it from Amazon (AMZN). In some ways Best Buy has simply become a showroom for Amazon. A consumer not wanting to buy online can simply go to Wal-Mart (WMT) and find a reasonably good selection at lower prices than Best Buy.… Please click here or the title below to read more.