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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ???? -- Ignore unavailable to you. Want to Upgrade?


To: ThinkWithYourHead who wrote (67)11/27/1998 6:08:00 PM
From: Secret_Agent_Man  Read Replies (1) | Respond to of 1196
 
BAMM is a runaway Freight-train, stand in the way and go all to pieces
SSB, might be short...obviously nobody cares about their price target..at 33+ Million don't care...You can short BAMM at will which may be smart but a runaway train does not stop for pedestrians on the track.



To: ThinkWithYourHead who wrote (67)11/27/1998 6:10:00 PM
From: Lord Smooth  Read Replies (2) | Respond to of 1196
 
I agree with everything you said. But this isn't rational. This is mania. This is insane. Everyon'e grandmother is out buying net.com.crap stocks right now. I want to short this thing so bad it hurts, but I am too scared to do it. This is fargin unbelievable.



To: ThinkWithYourHead who wrote (67)11/27/1998 7:32:00 PM
From: kennny  Read Replies (2) | Respond to of 1196
 
There is not much logic for gains of BAMM or KTEL or AMZN or EBAY...
Every broker that I know told me to short AMZN and EBAY when they were at 100 bucks. That was logic. There is no logic now. This is luck or what ever you want to call it. There are a ton of people out there that don't want to spend $200+ for stocks, and all they hear about is their friend's x-wife's old boyfriend's brother who just made $50,000 on internet stocks and they want some of this crazy money too. I know that all this madness can't last for ever, but as long as it does I will be in there.
Good luck too all,
Crazy Ken



To: ThinkWithYourHead who wrote (67)11/27/1998 7:56:00 PM
From: Jerry Miller  Respond to of 1196
 
"bamm is LATE to the web."

that's a silly statement.

especially considering the fact that the Web itself is still in diapers.



To: ThinkWithYourHead who wrote (67)11/28/1998 2:36:00 AM
From: Herschel Rubin  Read Replies (1) | Respond to of 1196
 
ThinkWithYourHead:

Excellent fact/statistic-based commentary. Thanks for putting that out here for all to see. (Granted, you are short and have a vested interest in doing so also). I agree with most of your comments, although the average investor is not rational.

I took handsome profits today (albeit, too soon like the rest of us!), but I felt good about my decision. Too often, a trade can go the wrong way quickly.

BAMM may go up some Monday, but right now, there is a lot of expectation based on what BAMM WILL do on Monday because the consensus is that "the masses of lemmings aren't aware of what's happened to BAMM in the past few days."

Once the groupthink out there realizes that a Monday Rally isn't living up to expectations (or has happened e.g. $40-$50), then profit-taking is a certainty. As profit-taking begins feeding on itself, it could bring BAMM back down to reasonable levels.



To: ThinkWithYourHead who wrote (67)11/28/1998 7:33:00 PM
From: Deb H.  Read Replies (1) | Respond to of 1196
 
Good information. Thanks.

But have you ever been in a BAMM store? We buy from them regularly. Two things about a REAL store & BAMM has it: comfort & ease. BAMM caters, & VERY WELL, to the same customers that frequent small used bookstores where they can sit down & read for an hour (now they even have good coffee shops in the corners) or so. The stores even keep long/late hours. Their employees are efficient, friendly, knowledgeable. Local store maybe 30% of stock is marked down on the shelf & members get additional discount. Not a member - no problem, they'll suggest it if it saves you money on this purchase. I think with their site: it's a perfect addition. I'll use the site when I'm looking for a specific book but I'll still stop in on Saturday nights when I'm in town to relax (ha, ha a cheap date until I check out & realize I just bought another $100 in books & $15 in the coffee shop.) & we drive 50 miles to get there. (Locations seem to be good too: Ones I've seen are major stores in good strip malls along large mall/shopping areas with plenty of nearby, well-lit parking.)

Haven't been in a Barnes & Noble in maybe 7 yrs. Never see 'em. Ones I remember were always in downtown areas (parking difficult or not too safe late at night) or larger malls (buried somewhere inside), closing at 9 or 10. No place to sit & peruse.

Reason I'm getting into all this: I think a lot of newer smaller investors buy what they know. They know what they like & then if their analysis (to whatever degree) supports that warm fuzzy - they'll buy it. BAMM is definitely a warm fuzzy, to just about any booklover who has been in one. An I'net site won't hurt their normal customer base: booklovers are reading, not surfing; it will just give them access to another segment of the market.