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

To: StockMiser who wrote (860)	4/28/1999 1:41:00 PM
From: SpecialK	Read Replies (1) \| Respond to of 1691

Stockmiser, Daskin, I appreciate your replies. Consider that BKS spinoff of online unit has been expected for over a year now. Since the first mention of it to now, how much appreciation has it had? Not much. Just read the heading of this thread. 1 1/2 years ago, BKS said they expect greater revenue than Amazon. Amazon and BKS were both near 1.5 billion market cap. BKS has gone to 2.4B, while Amazon is at 32B. My point is that this IPO has been widely anticipated and just a review of all threaders here, there is widespread enthusiasm, that this is a sure thing. Expectations of a "ZOOM" are very high and so I am just warning that it may not be realistic. Also, the name recognition point makes it more known. How many folks knew what DBCC should be valued at, they never heard of it. So it had the opportunity to skyrocket. PLus, the UBID and DBCC stories are well-known now. People are looking for these opportunities and so you should not be surprised how many folks are into the stocks already, which means how many buyers are left. I would rather compare USA networks USAI, how much ZOOM with it's Ticketmaster IPO, it was in the 20s, go to high 30s, now is still there. BKS was in the high 20s, so mid-40s could be expected. Also, there are 68 million shares of BKS and 33 million float. I am considering entering a short-term trade into BKS, but I don't expect more than 35 to 45, at most. Hey if it does more than that, I'll be happy. Anyone buying options that expire in May, would be encourage to move them to June, just for safety sake or further out.