I couldn’t be happier than right now, seeing BBY down 30% on the news that it is a horrible store. Now if CONN and HGG could just got to zero already, I could consider myself “a fortunate man.” Bear in mind, I do not stand to profit from this debacle, monetarily. But payment of the soul is far more valuable and I truly enjoy seeing people get their “comeuppance.”
Let’s just throw it out there, shall we? It was a horrible holiday season. No one wants to buy stuff from stores anymore, when AMZN is fixing to deliver wares via mini-helicopters.
In the pre-market, shippers and solar stocks are lifting. The Dry Bulk index is bouncing hard and Jennifer is losing money, yet again, short BALT, post 40% decline in the BDI. It goes to show you, and let this be a lesson to many of you: even if you had tomorrow’s newspaper today, that doesn’t mean you can confidently predict how Wall Street will digest said news.If you enjoy the content at iBankCoin, please follow us on Twitter