05-21-2022, 07:50 AM
(05-21-2022, 07:22 AM)fenders53 Wrote: Saying you are going to add to BBY? I was building a position and may accelerate that if earnings cause a further dip. I think it may be a long wait but I like we the risk/reward here.
Good chance though I'll also wait until after the ER. I think there's a strong possibility that we see a continuation of recent retail ERs - decent sales but reduced income, earnings and margins due to not passing all costs on to customers. That happens and I think $65 is in its future.
With the current market, even a knock-it-out-of-the-park ER is unlikely to move it up for more than a day or two.