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


To: Glenn Petersen who wrote (1031)5/9/1999 11:16:00 PM
From: American Spirit  Respond to of 1691
 
I'm just reporting what CNN is reporting. I have no idea when it's coming out. But feel the underwriters may be playing a little deception here to keep volotility down. But as for "wising up to IPO backdoors" it didn't stop me from making 20% in two days on ZD without even selling near the top. And that's a company that's losing money which no one wanted to hold afterward. Think about it. BKS is something special. It was at 47 earlier this year. It has been held down by the recent downdraft and growth stocks are coming back now. It is a blue chip stock an a #1 sector leader. Nomatter when this IPO comes out, they have a weakened AMAZON quaking in their boots. BKS is a much more widely known brand name for books. They have AOL behind them. They can rule or at least catch up very quickly grabbing lots of market share from Amazon. And Amazon has TEN TIMES the market cap of BKS. 40-45-50-60 who knows? I say 50 but what do I know? Only that the story is a great one, the logic is crystal clear and it's all about to happen. Hell, even at 40 you can make a nice piece of change here. Not the time to get negative or overly cautious. Time to get aggressive, at least short-term. I frankly do not understand why anyone has been selling. This is the only stock I see that has practically no downside short-term. IMHO of course but come on, it's so obvious! It's the only IPO backdoor I'm playing.