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

To: Daskin who wrote (1138)	5/12/1999 6:17:00 PM
From: space cadet	Read Replies (2) \| Respond to of 1691

I agree that what we have here is something brand new, a backdoor ipo that will not move. Clearly it's being controlled and as I guessed recently, GS may never officially announce any date for the ipo to keep the price down the whole time. Actually, I think this is probably all related to may options. It seems to me that the goal is to keep the may 35 options worthless. If I am right then we will close next Friday at 35 or less. We may get a pop the following monday, or we may not. This is the first such situation where the stock has not moved within 2 weeks of its going public. The chances of it making any move now before options expiration is very small. I think GS is doing this to try to prevent what happened to ZD to happening to BKS. However, I don't know if it will really work or not. I would say that there is still an excellent chance that BKS may fall anyway after the ipo even though it never made any upward move. I don't like playing with stocks which are so clearly and obviously being manipulated by the big boys. If BKS does pop on Monday I see it as a one day or two event before the inevitable fall. I'm sure bnbn will do just fine when it opens but it looks increasingly like bks will not enjoy any of that benefit. Weird situation. And I'll admit, this has been a waste of time and money. I'll probably end up even unless bks collapse in the next few days. I'll get out sometime soon. I think the mistake was playing with a NYSE stock. Those are way too manipulated. The Nasdaq is a more honest exchange and I don't think GS and/or whoever could get away with these tacky games there.

To: Daskin who wrote (1138)	5/12/1999 6:50:00 PM
From: American Spirit	Read Replies (2) \| Respond to of 1691

I'm convinced now Goldman Sachs ARE controlling tightly and manipulating down BKS as it relates to BNBN. They want THEIR favorite fat cat customers (and themselves) to own the lion's share BEFORE the stock starts escalating. HOWEVER they do not want to keep BKS down for long. Why would they? And in fact they cannot keep selling low forever. Just long enough to keep traders from getting in and out every day. They want to kill the frenzy, then get the stock going upwards when they decide to. When will that be? Up to them. They're big enough to control a stock like BKS and BNBN. But if they create an artificial situation where BKS is very undervalued prior to, during and after the IPO then when they let go and promote buying, it will get to our target price either way. It's a master fake-out. But either way the stock goes up soon and I'm holding.