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


To: John Bissell who wrote (843)3/17/1999 11:43:00 AM
From: 45bday  Read Replies (1) | Respond to of 1196
 
Suspect a few shorts started covering yesterday and then the mo mo's and day traders jumped on it asit moved up. Probably still don't have a clue re earnings. I got out yesterday and am consideing reentering???



To: John Bissell who wrote (843)3/17/1999 1:16:00 PM
From: Iceman  Read Replies (2) | Respond to of 1196
 
I'm not worried about the short sellers, if anything they helped fuel the running up yesterday. Today the stock is backin' and fillin'. Earnings will drive the stock tomorrow, not what short sellers may think. I'm hoping for 125 million plus for the quarter end. The most important number will be on-line sales for the quarter. If the company could be viewed as a internet company instead of a traditional book store retailer, the stock will start to trade with a whole new set of valuations methods. The PE ratio will be thrown out the window and we can start to see $25 plus plus. But I'm dreaming now and would be happy with a $13.00 price. The downside is that the same store sales will be down, mainly due to retailers like amazon.com.
Stock presently 11 3/4 will buy back the half position I sold yesterday if it gets to 11 1/4 today.