Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 186.96

-3.6%

Nov 13 3:59 PM EST

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To: Buddy Smellgood who wrote (9943)	2/25/1999 9:54:00 AM
From: Lane Hall-Witt	Read Replies (1) of 56532

BKS I feel like a kid in a candy store. I started accumulating yesterday and am just watching it drop, waiting to pick up more today. It looked to me like someone was selling in volume on Tuesday -- massive blocks chasing the bid. Yesterday's selling looked much more orderly, with many more transactions (including the blocks) hitting on the ask. We haven't seen big volume today, although the price is down another buck. BKS announced that it will give the analyst community guidance on bks.com within the next 30 days. That should generate some buying, unless the Internet market completely tanks out and nobody has any interest in bks.com anymore. Conservatively, I expect to see us back at 40 as the IPO excitement heats up. In my wilder dreams, I see us heading back up toward the high of 48 that we hit in the IPO mania last month. I rode it from 30 to the mid-40s then and hope to see a repeat performance in the near-term future. Good position play.

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