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


To: dave tarantino who wrote (530)12/16/1998 3:53:00 PM
From: Marty Rubin  Read Replies (1) | Respond to of 1196
 
there's always a next one. i think it jumped because of the ann. that they are acq. the people who run their web site.

Edit:

"Wednesday December 16, 2:24 pm Eastern Time

HOT STOCK HIGHLIGHTS - Books-A-Million up
pre-buy

NEW YORK, Dec 16 (Reuters) - The following were among the top movers during
Wednesday afternoon trade.

BOOKS-A-MILLION INC (Nasdaq:BAMM - news) UP 8-7/16 AT 18-1/2

The book retailer said it plans to acquire Nashville-based Internet services company
NetCentral Inc.

..............."
biz.yahoo.com



To: dave tarantino who wrote (530)12/16/1998 4:30:00 PM
From: D Purcell  Read Replies (2) | Respond to of 1196
 
The run apparently occurred due to the two part announcement they made. One they are acquiring an ISP and web page designer in Nashville. I believe the report stated that the company to be acquired was also profitable. The second part was an earnings announcement which showed how profitable BAMM has been and expects to be. Again, I have a hard time figuring out why people have slammed BAMM over the last week to week and a half because they are profitable. I still hold to the fact that the AMZN bubble that people keep blowing up is going to pop and pop big. If the "brick and mortar" retails enter ecommerce the right way, and strategic way they are going to make it hard for the AMZNs of the world to compete and ever become profitable. IMO.

Good Luck.