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Guys, to repeat, I spoke to Goldman Sacks directly on Friday and they told me May 24. If you don't believe me, call them up yourselves. Of course, they can always change the date, but believe me, if they do, then 9 times out of 10 it will be by pushing the date further away, not closer. So I think May 24 is the earliest it can happen now. Figure you need a minimum of two weeks once you finally get the sec approval letter so hopefully that will arrive some time this week. If it doesn't come this week then I think this week could be pretty ugly for bks, as the big boys who manipulate option prices have every incentive to get bks below 34 and maybe even below 33. We will see. And please nobody mention priceline.com. I know several intelligent stock market people who seriously believe that priceline.com may very well be the last straw that breaks the internet's back. It's the alltime most ludicrously priced ipo in history. Here's such a turd that it makes even amzn.com look like a bargain. At some point I expect priceline to dramatically collapse. Let's just hope it doesn't take the whole internet sector with it, and maybe even the hi-tech sector as well. Also, guys, bks has 3 letters which means it's on the NYSE, not Nasdaq. The guys who run the NYSE don't like letting stocks like these fly. It will move like ZD did before its ipo, not like dbcc did before mktw. So expect to hit 40, maybe 45, conceivably even 50 perhaps, but no higher for sure. |
