Sell Alert: Best Buy (BBY)

By Jim Pearce • March 31, 2017

TRADE INSTRUCTIONS
Date: March 31, 2017
Name: Best Buy
Symbol: BBY
Type: Close
Limit: Sell at market

TRADE RATIONALE
Best Buy is trading above its target price of $49 today, so I am closing out this position since it is due to expire next week anyway. In this case we realized all of that gain over the past two weeks, which is interesting since there has been absolutely no news out of the company during that time and its next quarterly earnings report isn’t due for another month. But I learned a long time ago not to question the market; it just handed us a 50% annualized gain, and I will happily take it!

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Mark

03/31/17 ‐ 2:31pm ET March 31, 2017 at 2:31pm ET

Jim, thank you for this awesome pick & gain :-). I don’t know how you knew this, but I am not the one to question. A fantastic way to end the quarter on this pick, thanks again.

Roger Hill

03/31/17 ‐ 3:52pm ET March 31, 2017 at 3:52pm ET

Just sold BBY170616C40 for a 62.9% gain corresponding to an annual return of 270%.
Thank you Jim for another good pick.

Jim Pearce

05/25/17 ‐ 10:19am ET May 25, 2017 at 10:19am ET

I realize I closed out this position eight weeks ago, but if anyone still has an open interest in it then today may be a good time to close it out with the stock up 15% after a stellar quarterly earnings report: https://finance.yahoo.com/news/best-buy-tops-street-1q-110825081.html.

black arrow

05/25/17 ‐ 10:54am ET May 25, 2017 at 10:54am ET

Today would be a Super day to close!

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