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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: john dodson who wrote (1395)	5/25/1999 1:04:00 PM
From: Anaxagoras	Read Replies (1) of 1691

<<This one looks DOA. Not any of the "power" exhibited by previous internet IPO's. This thing may even close down from the opening price at this rate.>> Now, I don't want to try and outsmart myself, but here's what I'm thinking.... The trading thus far doesn't at all suggest a crash-and-burn scenario. It opened modestly, and there's been heavy volume, almost 22M shares, without a lot of movement relatively speaking; about the best company you can have to manage this is on the lead; it seems that nervous nellies, the nimble, and the disappointed are probably out already and there hasn't been damage from the open price. This relatively controlled trading might actually encourage some folks to nibble, folks who usually wouldn't mess with this kind of a thing. I take losses when I should about 50% of the time, but I'm still going to wait a bit here; may be a (further) mistake, but I think I can do better than $29 1/2. Need to see how this is being perceived. Anaxagoras

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