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

To: RBB who wrote (1181)	5/14/1999 9:31:00 AM
From: StockMiser	Read Replies (1) \| Respond to of 1691

Well, I doubt he is short - it would be dumb to be short BKS within 2 weeks of the IPO, regardless of how you feel about any runups. Perhaps he is planning to be short and is frustrated by the lack of runup. Or...perhaps he is frustrated long who didn't buy those dips below 33. Traders are simply waiting this out. They have learned that these IPO dates are tentative, and they don't want to get caught holding for longer than they need to. Look at NAVR and all of it's false starts. Buying BKS at 36 is fine if the IPO is definately next week...but if there is a chance it won't be for another 30 days, then the price will fall back to low 30's at least a couple times. So why take that risk and tie up your capital? Market is tanking today...if nets stay down, BKS could easily put off the IPO date due to market conditions. As for BNBN being "ho-hum", that's laughable. BNBN has been tauted as the "IPO of the year" and "the last great IPO of the millenium". In fact, no IPO in recent memory has been tauted like this. But you aren't gonna see these articles every day heading into an uncertain IPO date. Wait till we get closer...CNBC, WSJ, and all the rest will be all over this. It will be huge. SM