JBH 4.65% $67.03 jb hi-fi limited

shorters trashing a good company, page-12

  1. DSD
    15,757 Posts.
    finally closed my last short position in JBH today. I have held it for just on 2 years and opened it at 12.60!! What a ride it has been. I took a significant loss after being foolhardy. My redeeming feature was i grimly held-on through the highs above $23. I did short some above 22.50 and that certainly helped.... but overall it was a bad play. I simply couldn't believe how many TVs people wanted. I watch TV about 6hrs/week. Yet some people have 3 TVs in their homes!! JBH exceptional retailer... and i got out at $16.12. Maybe its close to the bottom for FY11. But what will next year bring?
 
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