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Non-Tech : Barnes & Noble (BKS)
BKS 6.4900.0%Aug 19 5:00 PM EST
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To: space cadet who wrote (1179)5/14/1999 12:01:00 PM
From: American Spirit  Read Replies (3) of 1691
 
Space Cadet, you wanna bet? BKS is no dog, it's the blue chip of it's class and will soon own 41% of the next Amazon with more than a billion in new cash in their coffers. GS and Merrill have been keeping this stock out of day-traders hands by boxing in it. The eviednce is on Level 2 (see Yahoo posts last few days). Who else would be doing this? And it doesn't cost them much at all.

Picture this: BKS CEO meets with GS and Merrill and says, "yes we want BNBN to be spun-off and to be your client. But we don't want our stock bounced up and down by day-traders. GS and Merrill agree and suggest they can regulate the stock in the week or two before the IPO. But if you think they want, or will let, BKS stock fall from here you get them all wrong. They are in the business of making both BKS and BNBN stellar stocks. They have billions of their own money at stake and are big enough to swat down day-traders and keep the volumn low for the time being. But they WANT big volumn and price rise soon. They're just controlling the timing.

As has been stated before, with BNBN a big success BKS's ownership in it will be worth most of their present market cap, which means you get the bricks and mortar business virtually for free. Wake up and smell the coffee. Next week things should really start to percolate.
BKS will be back in the 40's very soon. Now is the time to buy and/or be a little patient not be negative and paranoid. I see BKS in the 50-60's later this year. These people know what they are doing.
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