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

To: SpecialK who wrote (858)	4/28/1999 1:13:00 PM
From: Daskin	Read Replies (1) \| Respond to of 1691

> If everyone expects ZOOOm, then it don't happen. Also, who is to say that they don't have to amend their registration. What do you mean? Do you mind give it more explanation? Thanks!

To: SpecialK who wrote (858)	4/28/1999 1:18:00 PM
From: StockMiser	Read Replies (1) \| Respond to of 1691

Actually...just about all of these IPO backdoors anticipate a "zoom", and if the IPO is big enough, seem to surpass all zoom expectations. I never heard anyone expect DBCC to see 40 on the MKWT IPO, and that one was greatly anticipated. I actually see a lot less pre-ipo hype with the BKS IPO in general, which is actually a good sign. Just a hint of the IPO sent BKS to 39 just the other day, and I saw virtually no resistance, and to 40 the week before. I think current weakness is related to general market conditions. We had a resounding bounce off the 32 1/2 level during the correction, which showed a great deal of strength. It also clearly showed, at least from a technical standpoint, that 40 is attainable with minimal momentum. If BKS announced a solid IPO date today, we'd slice thru 40 like it was paper. 45 is about where I'd expect to be several days prior to IPO pricing, with continuous movement into the 50's easy. One big factor BKS has on it's side is name recognition. No one has to figure out the backdoor (ala DBCC, PWCC, IDTC, WCAP, etc), so as we get closer, investors will know exactly where to go. Another is the size of the IPO. And the last is the amount of major PR coverage I'd expect to see here. All of that IPO hype we saw during the filing will pale in comparison to what is yet to come, imho. As for pullbacks...the other day I predicted one more test of 36, and that occurred this morning. Current timeframe is week of May 10th, which is about 2 weeks. That means next week is the last chance to board this train at a good price. Today is a weak day in general for nets, so we'll probably wander around 36-37 for the day. A move through 37 this week, and I don't think we'll look back this close to IPO. 40 by Friday...I'll stand by that :-) SM