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


To: space cadet who wrote (1139)5/12/1999 6:30:00 PM
From: Daskin  Respond to of 1691
 
Especially BNBN's IPO is quite well known and with great expectation now. It's so called "IPO of the year", and BKS is not moving at all? Hope you are right, it is just for May options. If not, we are finished. Good luck to us!



To: space cadet who wrote (1139)5/12/1999 11:25:00 PM
From: Stephen  Respond to of 1691
 
I tried the backdoor IPO route with TNO & MMPT. Not the same league one might say ... but some publications were mentioning MMPT in the same sentence as DoubleClick. In any event ... it never really happened ... and actually got worse the closer to the IPO. I took a loss on it.

Now BKS may be different ... but I have since decided to only play Nasdaq stocks ... its electronic ... no one can see the stops, more retail action etc etc .....

If TNO holds true there should be a pop .... but one spike well before the date and likely only so the professional shorts can get their positions set-up. Stay nimble .... and I wouldn't advise staying for the last dance (still plenty of time to go imho).

At the end of the day fundamentals don't matter ... these are just trading instruments in these plays ... so whether its BKS or a penny stock it will get dumped after its been used.