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Technology Stocks : barnesandnoble.com (BNBN)

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To: AzCpa who wrote (578)8/15/1999 3:18:00 PM
From: Stephen  Read Replies (1) of 766
 
The biggest problem with BNBN is the opportunity cost. As long as it is stuck in a trading range, its a waste of investment assets.... and as the float is so large and the range is so predictable, there's always going to be lots of disappointed longs who sell because its not a stock worth playing. It will have its day ... but getting any momentum going looks pretty hopeless at this point. Nearer the holiday period it should do better ... but then there are lots of e-tailers one could buy with smaller floats that will be better plays. Still ... the risk is smaller.

Stephen
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