BBY's board rejected the proposal of founder Mr. Schulze putting BBY to be privated yesterday. In addition, today's earning report is worsening than expected and disappointed. We sold all BBY positions with a loss of 6% yesterday.
Legal disclaimer: Mr Yuan is not holding the above securities in his managing accounts. He may do the opposite of buy or sell (short) the above securities according to their reaction after his recommendation. You must use your own judgement to buy or sell (short) the above securities as suggested in this note. Our information is believed from reliable resources but not guaranteed and past performance is not guaranteed for future results.
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