[quote=AN]Alcoa released great earning and up >5% in AH. Will that and possibly other great earnings be enough to drive up the market through this earning season? We’ll have to wait and see I guess.[/quote]
Yeah, I’m happy about that one. The only things I’m staying put in are alcoa, phillip morris, oil/gas like valero/royal dutch/bp.. Alcoa didn’t go up that much though. Just 5%. alcoa’s been trading between 9.50 and 10.50..But it’s got a big pool of investments from institutional investors. So I figure betting with those guys, if I get screwed, those guys get screwed bigger.
Meanwhile, I’m thinking of shorting Best Buy. I don’t think they will survive…The red herring would be a private equity buyout, just for the brand name…But if that didn’t happen, I don’t see how they can compete moving forward. Circuit City tried the small/kiosk like mobile version store strategy that Best Buy is going to try. It didn’t work for Circuit City, and with the going trend..Big retailers are going under left and right. Name one thing Best Buy can do better another brick and mortar retailer can’t do or that the internet cant do.
