Trading best buy

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Best Buy (BBY) got hammered yesterday after guiding lower on its store sales during the holiday season.

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Trading best buy

  1. 1. Trading Best Buy (BBY) Best Buy (BBY) got hammered yesterday after guiding lower on its store sales during the holiday season. The stock had closed around $37 on Wednesday, and it opened around $27 on Thursday morning. This is a loss of one-third of the company value. Now, in the long run, big box retailers like BBY have way too much overhead costs to effectively compete against AMZN or any of the other online merchants, so in the long run, it’s going to be very tough business for big box retailers. But what about the short run ? And is shaving one-third of the company’s value an over- reaction ? BBY Chart analysis reveals a very interesting price action from yesterday. Watch the video for this analysis. OPTIONTIGER PROPRIETARY SYSTEMS OptionTiger has created high-end intellectual property products that give an “edge” on every Options trade. These are complete trading systems designed to produce returns on every trade, and come complete with all adjustment techniques and risk management features.
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