HRAKA: No, no, no!
The run-up is almost day-by-day, pattern-for-pattern, the same as ZD before ZDZ ipo went public. Yes, the AOL will only help BKS. Pacific probably has no real bearing. But in this ipo environment, excpect jumps in price, drops from profit-taking, and then back-filling. I know... I profited this way from ZD. I will profit this way from BKS. The problem is that the further we are from ipo date, and nobody can know that date right now, the more uncertain things are and the more likely people are to sell into rallies. I bought at 34 1/2, watched as stock went down to 32, bought at 33, and sold at 38. Realizing that it will probably not go down to 33, I will pick up tomorrow once again. I have no doubts. BKS is spinning off a great IPO, but it is a better and more profitable company than ZD, it has heavy-weight status already, and I expect it to be 50 just before the IPO. |
