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

To: Daskin who wrote (1174)	5/13/1999 11:05:00 PM
From: American Spirit	Respond to of 1691

That does make sense. I'd sell my BKS shares to buy BNBN if I could. But BKS is the second best way to play the biggest net ipo of the year. Have faith, people. When the games are finished being played the result will be the same. As soon as the dam breaks we will shoot up like a pent-up spring. Could take out $40 in one day. End of day tomorrow might provide a pop. Otherwise next week, and every day the coil gets tighter.

To: Daskin who wrote (1174)	5/13/1999 11:39:00 PM
From: Daskin	Read Replies (1) \| Respond to of 1691

From raging bull by Andy Wang 05/13: ragingbull.com It's becoming obvious there isn't enough money to go around for all the Internet IPOs which are flooding the Street. Sure, the big names like financial site TheStreet.com (TSCM) still rocket into orbit on IPO day, but a quick glance at how TheStreet.com fared makes it clear that the frenzy has died down a bit. TheStreet.com gained 41 points on its first day of trading Tuesday, closing at 60. That's an enormous 216% gain, but analysts are buzzing about the fact that most of the runup was due to individual investors, not institutional interest. Also, TheStreet.com's gain paled in comparison to rival site Marketwatch.com's (MKTW) stratospheric 474% gain on its first day of trading Jan. 15. (Only on the Internet can a 216% gain be seen as somewhat disappointing.) Marketwatch.com went public at 17 and closed at 97 1/2 that day, but the stock is now trading near 65. The Internet IPO craze isn't totally dead. There are simply too many big names and promising companies that plan to go public this year. Among the upcoming IPOs which still look like slam dunks are Barnes & Noble's (BKS)barnesandnoble.com, Donaldson Lufkin's (DLJ) DLJdirect, eToys, TD Waterhouse and Wit Capital. Other IPOs I'm still bullish on, but less certain about, include Goto.com and NetRadio. However, for every IPO I would be willing to risk my VCR on, there are numerous ones I'm not as sure about. The list of Internet companies which have filed to go public in the last three months alone is beyond overwhelming. I'm having a hard time figuring where all the money is going to come from if all these companies actually go through with their offerings. My comment: 1. It would be too paranoid to say the recent BKS performance is due to manipulation. Even it does have controls, you will never have concrete evidence to prove it. BTW, people will laugh at you if you think so. Thus, we can rule out this one. 2. I also disagree that investors all of sudden pick up their long forgotten calculators to find out the real value of an Internet IPO. More likely, since there are too many Net IPOs than people can afford, they become more selective. That is why some Net IPOs are still up big time (TSCM, MKTW), but some are showing weakness. 3. For BKS, since people still have doubts about BNBN IPO (so far, we cannot even confirm its exact date), the real momentum hasn't been built up, however if you check the insiders trading record, you will find they consistently sold off lots of shares since February. I also believe they are still selling off this month, although I cannot confirm this right now. That is probably why every time when the price goes up a few points, it will soon drop back. This phenomenon happened repeatedly which creates an illusion that this BKS was under some kind of manipulation. JMHO. Daskin