Hedgeye CEO Keith McCullough is adding Best Buy (BBY) and Advance Auto Parts (AAP) to the short side of Investing Ideas. Below are two brief notes from Real-Time Alerts.
BBY
Who wants to run out to Best Buy (BBY) and grab another TV (legally) because "the bottom is in"?
Coaching Notes:
1. This stock is a great example of one that got smoked (last week) on #accelerating volume ... and is bouncing to lower-highs with weak-handed-hedgies covering on #decelerating volume
2. Find more fractal patterns like this one on your own. They are beautiful.
3. Brian McGough remains The Bear on the BBY,
KM
AAP
Here's another one of McGough's Short Ideas (with the same fractal pattern as BBY) that I have been waiting on...
See his Retail Pro independent research product on why,
KM
