Top Takes From RealMoney - TheStreet

The

RealMoney

contributors are in the business of trading and investing all day on the basis of ongoing news flow. Below, we offer the top five ideas that

RealMoney

contributors posted today and how they played those ideas.

TheStreet.com

brings you the news all day, and with

RealMoney

's "Columnist Conversation," you can see how the pros are playing it on a real-time basis. Here are the top five ideas from today:

1. BBY: Strong Quarter, Tempered Q4 Margin Guidance

By Brian Gilmartin

9:06 a.m. EST

Margin guidance is likely hurting the stock, but that was the issue last quarter, too.

Best Buy

(BBY) - Get Report

is generating a LOT of cash: Coming into this release, 4-quarter trailing cash from operation per share was $4.80, and free cash flow per share was $2.20. Domestic comps rose 4.6% -- pretty strong for a consumer electronics retailer. International wasn't so hot as I read the press release.

BBY declared a dividend, but could repurchase stock given the cash flow. No mention of any share repurchase plan in the press release.

I like the initial read but need to post financials to our spreadsheet. The stock is still cheap on cash-flow and price-to-sales basis.

Long BBY

2. OIH

By Timothy Collins

9:44 a.m. EST

The

Exxon Mobil

(XOM) - Get Report

news has definitely put a little behind the oil and gas sector, and it is time to take some losses here since time is short. I closed my

Oil Services HOLDRS

(OIH) - Get Report

Dec 115-105 put spreads at 95 cents and 90 cents. The XOM news definitely came unexpectedly and caught me off guard.

Short OIH via butterflies

3. Wait on Gold

By Ken Shreve

9:56 a.m. EST

Recent price and volume action in the

SPDR Gold Trust

(GLD) - Get Report

gives reason for pause for those looking for a new entry point. In a two-week period earlier this month, the GLD lost 9% and weekly volume was very heavy -- a sign of institutional selling. This mars its technical picture.

Those who bought the GLD when it cleared resistance around $95.25 in early September are still sitting on a tidy profit. It's currently trading around its 10-week moving average in the $110 area. This is a technical area where big investors will often come and add to a position. Heavy volume is usually the clue they're buying.

If the dollar continues to strengthen for a while, it will likely result in continued weakness in the GLD. And the technical picture of the U.S. Dollar Index recently improved when it moved back its 10-week moving average for the first time since March.

But if the dollar comes under pressure again -- who knows what the

Fed

statement might say tomorrow? -- the $110 area could offer a reasonable entry point for GLD. Let's see what the Fed has to say on Wednesday.

No positions

4. Gold

By Helene Meisler

10:13 a.m. EST

It is in a support area now. I have said this for two days now. It should bounce. The hate that was everywhere for the buck has turned into an almost lovefest now, or at least a universal hate for all things euro.

Ultimately I do think gold will go lower, but a week or so ago when we first got the initial fall from $1,200, everyone was a buyer of the dip. (You call that a dip, eh? If it were a 100-point decline the

S&P

they would call it a bear market!) But in the past three days I haven't heard anyone talk about buying the dip. Now I hear, "Wait to buy gold."

I wouldn't be surprised to see a rally sometime over the next week or so toward the $1,140-50 area in gold.

No positions

5. Getting Chesapeake for a Short-Term Move

By Scott Rothbort

10:56 a.m. EST

I bought some

Chesapeake Energy

(CHK) - Get Report

for a trade. It is not based on the

XTO Energy

(XTO)

takeover but rather some statistical research which indicates we have a positive historical bias for CHK for the next two to three weeks.

Long CHK

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This article was written by a staff member of RealMoney.com.