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

To: Glenn Petersen who wrote (1048)	5/10/1999 2:03:00 PM
From: American Spirit	Read Replies (3) \| Respond to of 1691

Glenn, do you actually believe BNBN is going to remain at $12 a share for more than a milli-second? $300,000,000 is the absolute minimum raised by the IPO. It will likely jump much much higher. If you like AMAZON then you're only fueling BNBN's value. I don't get you. And I also don't get what's reported on YAHOO, that every time BKS upticks on the ask someone immediately puts in an ask just below. It feels to me like there's an organized effort on behalf of the underwriters to keep this stock from flying until a certain date. That keeps momentum traders out of the stock for the time being. And it also stabilizes the price of BKS before and after the IPO. Goldman Sachs controlled their own IPO very carefully to keep it out of trader's hands. They may be doing the same thing here with bioth BNBN and BKS stock. Nomatter what games are being played though I still see much greater value here very plainly and it is of course in the underwriters' interest to maximize that value. They just want to control it and avoid any frenzy up or down. And if AMAZON recovers that's very bullish for BKS, not the other way around. Glenn, what is your position on BKS and Amazon? You seem to be arguing for very muted movement in this stock. You don't work for someone involved, do you?