Sell BBY Best Buy
sell the stock, buy back the Aug 47.5 call
BBY is again lower on a brokerage downgrade and lower sales projections from TGT Target. I have a strong feeling that this is the low, at least an intermediate term low. However, the loss has become too large, and my feelings have little to do with the market. So sell it is. The hindsight glasses show that I should have taken the profit when it was still available is so clear now. I did that on SHLD Sears/Kmart and a couple of other positions and it avoided the nastiness of riding out a decline.
Best Buy has been a bad luck stock for me, this is the second time I have been in it and taken a loss.
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