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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: Stephen who wrote (521)	3/20/1999 12:56:00 PM
From: Steven White	Read Replies (1) of 1691

Big money investors seldom make big losing investments. Bertlesman is in for $200m. Last year Etrade rec'd a $400m investment from Softbank around $25. The stock moved up for a couple days and than went as low as $10. over the next few months. Now of course its in the $120 (pre split price). BKS has solid earnings and is a worldwide firm. They have the muscle and connections to be a serious contender in e-commerce, whether they sell books or whatever. I believe investors are taking profits or moving on after coming whole. Soon a whole new group will fill the void and media attention will start the drive upward.

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