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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Buddy Smellgood who wrote (9943)	2/25/1999 9:46:00 AM
From: Trader J	Respond to of 56535

Buddy: BKS - Good to see, I believe it will start picking up more steam as the market gets centered again. It just isn't as sexy as some of the pure Inets....but it will be. May I ask what service and how you like them? Tj

To: Buddy Smellgood who wrote (9943)	2/25/1999 9:54:00 AM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 56535

BKS I feel like a kid in a candy store. I started accumulating yesterday and am just watching it drop, waiting to pick up more today. It looked to me like someone was selling in volume on Tuesday -- massive blocks chasing the bid. Yesterday's selling looked much more orderly, with many more transactions (including the blocks) hitting on the ask. We haven't seen big volume today, although the price is down another buck. BKS announced that it will give the analyst community guidance on bks.com within the next 30 days. That should generate some buying, unless the Internet market completely tanks out and nobody has any interest in bks.com anymore. Conservatively, I expect to see us back at 40 as the IPO excitement heats up. In my wilder dreams, I see us heading back up toward the high of 48 that we hit in the IPO mania last month. I rode it from 30 to the mid-40s then and hope to see a repeat performance in the near-term future. Good position play.