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Non-Tech : Barnes & Noble (BKS) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (606)4/8/1999 5:05:00 PM
From: Robert  Read Replies (1) | Respond to of 1691
 
We formed a Double top today at 35 3/4. Anyone notice? I don't think we'll have a problem busting through with the impending IPO.

Cheers,

Robert...



To: Glenn Petersen who wrote (606)4/8/1999 8:42:00 PM
From: sagaloo  Read Replies (1) | Respond to of 1691
 
People: Thanks for the great info.

Question: Why is it important to take profit a day or two before the IPO offering? I've heard this strategy bantered about quite a bit lately. Is it because any buying interest in BKS will dry up once the IPO is offered? Is it simply a shift-of-focus thing, i.e., smart money will be trying to buy into the IPO thus leaving BKS open to shorters?
Jeez, I can't believe it. I'm talking like I actually know what I'm saying.
Thanks for any and all advice in advance.