Barnes & Noble (BKS) Message Board

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Non-Tech : Barnes & Noble (BKS)

BKS 6.490

0.0%

Aug 19 5:00 PM EST

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To: Jerry S. who wrote (533)	3/23/1999 9:36:00 PM
From: Duane L. Olson	Read Replies (1) of 1691

As a guess, looking at the chart, Jerry, BKS is going to hold pretty well here, in comparison with the rest of the market. beta.iqc.com The RSI is strongly above 50, and the MACD seems poised to indicate a buy signal, if we can get beyond the current consolidation. Price support at the Moving Average, around 30 1/2 would be reasonable, don't you think? But wouldn't you also agree we will need some "new news" to get our pet running? -- Surely the broad outlines of the BKS/BNBN story are out there, and should already be in the stock, one would think. So I'll watch for further accumulation opportunites while we wait for that news... Cheers & good luck! tso

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