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

To: LTK007 who wrote (941)	5/2/1999 6:57:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 1691

I have never played options but see how some who hold them are worried if there's a delay of even a week or two. ALso if MM want to shake out weak hands by keeping the stock low I suppose that's possible. Still, it would seem to me, why panic? If the price is forced down by MM manipulation of any kind, then couldn't options holders or (stockholders) just buy BKS shares at a lower price therefore making up for any loss on their option when the IPO does come out? Just double down if the price sinks. Why not if you have the cash? Owning BKS stock as I do, I am not overly anxious about any of this. Bottomline the IPO will come out soon and when it is announced BKS stock will jam. Also the downside is very limited here. Not buying a money-losing or micro-cap stock here. Buying a very strong dominant company deserving of a higher stock price even without the IPO. Therefore everyone remember that TIME IS ON OUR SIDE here. Try to be a little patient. If not this week then the next for the run-up. And no sense selling at 35 to hope to get in at 33 or 34. That's riskier than holding IMO because the stock could literally ramp-up any time then you might have to pay 37 or more. I understand everyone a little edgy prior to news. I am too, but hold onto your wits. BUY and HOLD in the low-mid 30's and just be patient. As for DBCC and ZD (which I played) ZD ramped from 18 - 29 in a three week period leading up to the day before the IPO. ZD moved first to about 24 then the week before the IPO it went up another 5 points. The day to buy was three weeks before the IPO. The day to sell was end of day the day before the IPO. DBCC continued going way up the day of the IPO though so selling prior to the IPO isn't the rule. The week before the IPO basically becomes a game of chicken. Can you pick the top? Or do you cut your risk and take a safe profit or use a stop loss? Right now we are about three weeks before the IPO (according to reports) so this would seem to be the best time to buy. While BKS might drop another point or so it might also go straight up from here. If BKS follows ZD then in a week or two it will head up to about the 40 level, then right before the IPO head up to about 50. Lots of people will be selling at 50 so that may be the peak but it could go higher. BIG POINT TO MAKE, BKS is a much stronger company than ZD or DBCC. ZD is losing money and downsizing now while BKS is the #1 leader in their field with a great big AOL exclusive deal and more. Nobody wanted to hold DBCC or ZD stock at a high price. BKS may be a little different. Certainly the downside risk is less. Therefore, BKS could and should out-perform ZD and DBCC.

To: LTK007 who wrote (941)	5/2/1999 7:35:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 1691

DBCC and UIHIA charts. DBCC was at 12 three weeks prior to the IPO, ramped up to 24ish the week before then sky-rocketed to 47 on the day of the IPO then straight back down to 13. Currently at 16. UIHIA started in the mid 30's three weeks prior to UPCOY's IPO, jetted up to 61 and peaked about four days prior to the IPO, came back down to 51 on the day of the IPO (where I sold) then back down to 37. Interestingly enough it is now back to 59. So what do these examples teach us? That they're all great buys three weeks or more prior to the IPO. That they all ramp up the week prior then peak somewhere between 5 days before to the day of the IPO itself. DBCC quadrupled. UIHIA (a less-known and therefore less-trusted European company) went up "only" 70% and stayed up "only" 50% the day of the IPO. Nobody knows what BKS will do but if these examples are the guide it should go up at least as much as UIHIA did. UIHIA was at approximately the same price BKS is 3 weeks prior. It hit 61 at its peak, but was easy to sell above 50 even if you missed the peak. Another good idea. After the IPO comes out wait for the steep fall then buy again if BKS comes back down to 30-34 which is probably its base.