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Non-Tech : Barnes & Noble (BKS)
BKS 6.4900.0%Aug 19 5:00 PM EST
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To: StockMiser who wrote (869)4/28/1999 9:25:00 PM
From: American Spirit  Read Replies (1) of 1691
 
BKS - responding to the last few posts, first of all yes parent companies always surge to some degree, either right before and continuing through the day of the IPO. DBCC went way up the day of its spin-off IPO. Others like UIHIA fade before the IPO happens. Nevertheless they all go up and BKS is a superior company to any of these. But the IPO is nor formally set yet and it seems to be put off until May 10th or so. Therefore, many investors (don't ask me why) prefer to wait until the last minute. Why the dip today? Because there's no news yet and some people are deciding to use their money for something else. Why would anyone sell here? Don't ask me but many probably plan to get back in next week. All in all, there's nothing to worry about. BKS will zoom up soon unless they cancel the IPO, which I do not see happening. This is a Class A blue chip net IPO which should garner more buying than all the recent little ones combined. It's even possible BKS could double from here (temporarily). And longterm I see BKS in the 50-60 range anyway. They can and will challenge AMAZON with their new AOL exclusive deal.
I bought more today and am fully loaded up now. Just waiting and not worrying too much. But when it happens it should be exciting.
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