Even after a 15%+ drop in share price today, I recommend to sell shares of BBY.
Shares fell because of missed earnings expectations. Usually I do not fret over short term stuff like missing earnings expectations, but this is different. This is not just a short term "hick-up", but rather a sign of a long term trend. Expectations were missed because BBY is losing market share, and because it is having a hard time competing with other companies who are selling the same stuff for less (i.e. online retailers such as Amazon).
I can see the price of BBY falling to the mid twenties if this trend continues.
Consider buying some good stocks that have been beaten up lately like GMCR and EBIX.
For an article of the recent price drop CLICK HERE
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