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Non-Tech : Barnes & Noble (BKS) -- Ignore unavailable to you. Want to Upgrade?


To: Neil H who wrote (1548)9/1/1999 5:48:00 PM
From: Daskin  Read Replies (1) | Respond to of 1691
 
Thanks Neil, great post!
I have been holding and watching BKS plunging from 36 to 20, which makes me not so confident about what that article says. BNBN is poorly valued due to the Gorilla effect of Amazon.com. I believe a stock is cheap for a reason, perspective maybe. The group psychology behind this scheme is intriguing. People would like to boost Amazon which keeps losing money rather than giving BKS/BNBN their fair valuation. As long as people still in such illusion, which it may not be, I don't see how much BKS/BNBN could rise from this depressed level. Since I am holding long, I will keep doing so until it pays back. Thanks anyway, it makes me feel much better.