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

To: Starfish* who wrote (885)	4/29/1999 11:32:00 AM
From: Rock_nj	Read Replies (1) \| Respond to of 1691

We'll all know soon enough if the BNBN IPO is going forward next month or not. The 45 day SEC review period ends May 3rd. Also, ipo.com changed the BNBN tentative date from week of 5/10 to week of 5/3. Apparently, they base their tentive dates on information from the lead underwriter. I think that barring any major correction, the BNBN IPO should go off by the 3rd week of May.

To: Starfish* who wrote (885)	4/29/1999 11:59:00 AM
From: American Spirit	Respond to of 1691

I've been to the woodshed and I've bought my way back. It wasn't fun but I survived. Two Mondays ago was definitely the woodshed. Not looking forward to another visit but if it happens I'll have some extra cash ready. Believe me I know how to be humble. I take nothing for granted otherwise I'd play options. Sorry but I'm just fatigued with posters who, at the slightest lull in the market, start voicing their worst fears. Or maybe they are bloodthirsty shorts looking for more. Not you but others I've had mini debates with in the last 24 hours who predict doom and gloom for all. And you wouldn't believe how many posters were selling out and predicting the worst two Mondays ago. I was scared too but called for calm and noted historical data that selling climaxes bring major immediate buying and recovery. Right now there are probably a lot of people predicting cyclicals will go to the moon. The time to buy was weeks ago not now. Buy on weakness sell on strength. Picking tops and bottoms is difficult but that's the name of the game. I guess it's just human to fear the worst when things don't look good and expect more than the best when they are swimming along. We all need to temper our emotions in that regard. I have been guilty of getting over-excited and have dumped a few times on lows. But I'm trying to learn and am doing better. As for BKS, I believe in its story and its current price. I feel comfortable with it. Still, I'm not the one saying BKS is going to 100. I just see what I see and the news is excellent on BKS. I expect 45-50 regardless of whether it's a rally on IPO week. Of course a rally day would help. Who knows what the underwriters are thinking. If we knew those things we'd be stinking rich. All I know is I'm bullish on BKS (and others) and am hardly alone in that camp. It's the blue chip of IPO's and the downside is limited. It's a profitable dominant company with no short-term debt which is valued at about 1/10 Amazon's market cap. And they have a shot at beating out Amazon in the long run with their AOL exclusive and name brand. BKS is a good investment even without the IPO and that's why I feel comfortable buying it, holding it and cheering it on. BKS is not a tech stock it's a retailer. BKS is probably down in sympathy with Amazon right now but that will right itself soon. Therefore I consider it this a buying opportunity and I am buying. If you feel differently then just don't buy or sell what you have. We all do whatever makes us feel comfortable. I feel comfortable putting my money where my mouth is and holding with conviction. As for Tokyo Joe's, there are a lot of savvy traders who post there. There is also some self-serving wishful thinking. I always do my own DD, trust my gut and take posts with a grain of salt. Everyone should. Right or wrong. Everything said on these threads is IMHO. The truth is not proven until after it happens. Until then everything is speculative. Bottomline, no one really knows anything because we can't predict the future. Even inside information can be wrong. We just go with the information we can get and our investment convictions. Even the top analysts really have no idea where anything's going. Nor can you trust their opinions because they too are self-serving. It's all a gamble in the end. So do your homework, place your bets and good luck to all. What more can I say?