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Technology Stocks : barnesandnoble.com (BNBN) -- Ignore unavailable to you. Want to Upgrade?

To: Bird who wrote (744)	3/12/2000 1:35:00 PM
From: Joe Mintz	Read Replies (1) \| Respond to of 766

It appears that we are turning the corner now. Up almost 10% on low volume on Friday; slow recovery process starting. There is superb value here; it may well represent the best internet buy available (ETYS is an alternative bargain) right now. Price to sales and other ratios indicate a rare opportunity. I find that many people are impatient with internet stocks. They want to buy Monday and make a lot of money by Wednesday. The patience required to ride a winner out for a year or so is not there at all. Many will miss out on the great opportunity for BNBN (which is occurring as you read this) because they cannot wait. They may forget about it and check it later after it has gone up. Or they many wait until an uptrend solidifies (which means, it has already gone up) to buy. This is the opposite of the correct strategy for internet stocks, in my opinion. You cannot count on much predictability over daily intervals, but e-commerce will grow substantially in the next 2-3 years. The play on expanding online retail is almost a sure thing (of course, there never exists a true one), but ONLY ON A HORIZON OF YEARS. The time has come to buy in heavily. I would not usually follow this strategy. But sometimes, you have to go for the home run when the possibility opens up. These times occur rarely, but have to be taken advantage of to achieve stellar returns. Of course, my horizon is two to four years. I believe that even after just a year, things will look a lot different for this stock: 1. It will receive a lot more attention from traders and the public as the etail sector recovers and is increasingly seen as a place of relative security among the chaotic internet investments. Rapid growth of online shopping is a good bet. 2. The price will trade far above current levels. 3. It will have achieved greater respect generally from the investment community, on par with the top tier internet names. Buy recommendations will accumulate; by then, the opportunity to buy in really cheap will be long gone. Buy now and go to sleep... JM