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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: Thomas Kelly who wrote (914)	4/30/1999 4:10:00 PM
From: space cadet	Read Replies (2) of 1691

Hey guys, I just spoke to goldman sacks and now they say the pricing date is may 24. Just the day after options expiration wouldn't you know it. However we may options holders may be alright anyway if that date isn't moved any further because the ipo run-up always happens before the pricing date. Still I've never seen it happen before that a stock gets priced right after options expiration. There will be tremendous pressure for the stock to have the usual ipo run-up and simultaneously tremendous pressure to kill all the may calls. It should be one of the truly amazing scenes of 1999. Can't say for sure which side will win, though clearly I am betting on those calls. I also have some July calls, and I plan on buying some June calls next week if we are still under 35 then. The run-up usually is a couple of weeks before pricing so next week may be slow again. But the week of may 10 should see some movement. I knew we couldn't have the ipo on May 10 since we don't even have sec approval or the roadshow yet. Let's just hope the may 24 date holds up though. If it's moved back to the next week I guarantee the may calls will be wiped out totally...

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