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BEST BUY CO

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4BBY trade ideas

Falling from Rising Wedge Gap belowBBY had quite a run Did not hit target of prior C&H but has been in a rising wedge for a long time. Rising wedges are long term patterns but in the end are bearish It has broken bottom trend ling of the rising wedge and there is an unfilled gap below which may possibly provide support. Top of gap at 95.5ish but can simply dip in to the gap in with the tail of a candle, rebound at the gap, go lower, or never get there. Just a spot to watch is all Break out from C&H was approximately at 92.5 and cup bottom is 48.11. So 92.5-48.11= would be 100% target of the C&H pattern. Unfortunately the rising wedge and possible market conditions may cause a fairly deep pull back Not a recommendation...just watching
NYSE:BBY
by lauralea
BBY is the next GME: SHORT!!!I had the "pleasure" of walking through a Best Buy today(/s): -Although I was slightly impressed by their revamped sales floor/merchandising updates(definitively a very expensive refresh); their limited 2 week refund policy disappointed me compared to the industry standard(>30 days). -I walked past several "associates" who either avoided eye contact, or quickly changed direction. -One employee that I was able to track down, who was unshaven and had a unique oder, came off condescendingly when answering a question: as if I insulted his intelligence by asking him for clarification. -I am able to recall a very similar experience when questions about the SONY & MFST consoles (Xbox/PS3) in my local Game Stock (GME-2012). This company is a DOG--- and should be trading at no more than 25 by 2023. If you scan any UPC and look for similar items (AMZN,COST,newegg) - you can find the same quality for 15-20% less. Maybe the uniformed consumer will keep them afloat for 12-18 months; but at the very least, please don't carry a long position in this!!
NYSE:BBYShort
by NorthShoreTech
1
BBY: $88 Short Target because Post-Covid Shopping + DemandFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I have a few insights. Best Buy is expected to have a positive continuation of its recent uptrends, and I have it on my watchlist. Currently, I am bullish on the supply and demand curve getting fixated and that it could hit an $88 price target quite soon. I also think it has some long potential as well, so I am ranking this a long.
NYSE:BBYLong
by gamer456148