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Technology Stocks : barnesandnoble.com (BNBN)

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To: $Mogul who wrote (594)9/3/1999 8:31:00 AM
From: Chip Roos  Read Replies (1) of 766
 
Don't know about you guys but I got that same call from a Robert Barba at Weatherly Securities in NY. Same crap....insider buying, greater than Amazon and I should start small with 1000 shares and he would only charge me $50.00 commission. He pointed out that the insiders bought with their own money over $40,000,000 worth of the stock at $18.00. Now I can buy it even cheaper than they did.

What he didn't say was they purchased the stock at $18.00 on the IPO on May 28, 1999 when the stock opened at $26.00. And they continue to hold the stock today because they cannot legally sell it for a period of time.

This could be a good buy...who knows? But when I start getting the called of the boilerroom types, it sends a red flag. I checked out this firm online with NASD but haven't had a reply yet.

Good luck to you all. Please post any info about BNBN or Weatherly Securites if you have any.

Chip
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