Blockbuster is about to buy circuit city and many people say the stock is gonna jump significantly. it's at 2.83 right now. I just bought about 4000 shares. It's definitely good for a relatively short investment.

flyingswoosh Wrote:Blockbuster is about to buy circuit city and many people say the stock is gonna jump significantly. it's at 2.83 right now. I just bought about 4000 shares. It's definitely good for a relatively short investment.

Are you sure about that? Everything I have read is that investors are hating this idea. Both business models are broke, what makes you think that putting them together will fix it? There may be some short term gains, but I wouldn't stay in it long. One or both of these companies will be bankrupt by next year.

blah Wrote:

flyingswoosh Wrote:Blockbuster is about to buy circuit city and many people say the stock is gonna jump significantly. it's at 2.83 right now. I just bought about 4000 shares. It's definitely good for a relatively short investment.

Are you sure about that? Everything I have read is that investors are hating this idea. Both business models are broke, what makes you think that putting them together will fix it? There may be some short term gains, but I wouldn't stay in it long. One or both of these companies will be bankrupt by next year.

that's not everything i've read. plus, i'm not gonna keep it for more than a few weeks.

BTW, citi investment research doesn't seem to agree with what you've read.