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Non-Tech : Barnes & Noble (BKS)
BKS 6.4900.0%Aug 19 5:00 PM EST

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To: Neil H who wrote (1164)5/13/1999 1:24:00 PM
From: American Spirit  Read Replies (2) of 1691
 
UIHIA is now trading 25% over its UPCOY IPO price.
I'll bet this is what BKS wants. Not just to rise for a week or two but to keep rising. As opposed to DBCC and ZD.

Wish it was flying now but I remain bullish both short and longer term.

According to Yahoo board, there's a 10,000 share sell order sitting at 35 keeping the price below that. That's either an impatient idiot or someone boxing in the price. I think the latter.

BNBN roadshow begins next week. Hasn't sarted yet. Other institutions are staying out because this is Goldman and Merrill's show. All this keeps the volume down. Few are selling or buying just waiting - one more week folks. Good time to buy if you're not a day-trader. I see the 40's soon and almost no downside as this strategy by the underwriters provides for maximum support. Putting stock into the hands of more patient investors will scare off shorts and attract those more interested in the bigger picture. And the bigger picture looks bright. I'm sure Merrill/Goldman intend BNBN to be the next Amazon (with AOL's help) and know how to get the job done.

Whatever you do don't bail. This will soon get very interesting.
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