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Non-Tech : Barnes & Noble (BKS)
BKS 6.4900.0%Aug 19 5:00 PM EST
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To: Chuzzlewit who wrote (1063)5/10/1999 3:52:00 PM
From: American Spirit  Read Replies (1) of 1691
 
REFUSE TO SELL + BUY MORE ON DIPS. Observation from Yahoo.

"Yep, someone managed to push bks down into the $34 1/2 range with a rather large ask volume. Nuthin we can do about it today but refuse to sell. I wonder who the bastard is, and I wonder if they manage to pick up more shares than they sell by playing this manipulation game. The way I see it, all this pent-up energy is just gonna make this explode once the momentum starts."

I think what's happening is that they're trying to scare all the day-traders out. Period. Nobody on TokyoMex's threads going to be hyping BKS now. Traders will be turned off which is exactly what they want until they're ready to start the momentum. By then, they will own all the cheaper shares. (Except for we who hold of course)

As for BNBN losing money. It will be like any other big e-commerce company. It will cost money to make money. And it will take the weight off BKS for R+D expenditures while giving them a big piece of BNBN's eventual profitability. BMG too who may want to bring in CD's, movies, etc. All in all, a model plan to challenge Amazon longterm and maximize the value of their AOL deal for which they have to pay 40 million. Believe me, they're not in this to lose money. This is BIG. Which is why they're not thinking short-term on the stock price.
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