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


To: Steve Smith who wrote (1196)5/14/1999 4:39:00 PM
From: American Spirit  Read Replies (1) | Respond to of 1691
 
I'm not spamming. I mainly stick to this thread talking BKS. I am mostly reporting news or answering posts like yours because I assume we're all interested in this evolving situation. I'm taking part in a friendly debate and also asking for additional information not just knee-jerk negativity. Maybe it's a waste of time but I think it's polite to answer posts and fine to explain why you consider a stock a buy. Frankly, I don't care if any of you buy BKS or not. Unless you're a big investor, your buys won't make one dollar of difference to me in this situation. Despite the interesting, sometimes enigmatic and complex situation, I believe BKS is a great buy here. I believe there is manipulation but that isn't a negative IMHO unless you want to day-trade or you're scared off and sell early. My basic position has never changed. I'm suggesting to buy low and hold until you sell high. And to just be patient. That's my advice for what it's worth to nervous nellies who in my opinion often misinterpret what's happening here. And naysayers badmouthing this stock at $34 as if BKS is going down the tubes and there's no HUGE IPO coming up don't make any sense to me at all.

Yes I do own a lot of BKS and am happy to. Why? Because I believe in the company, their dominance, their future, their relative safety and yes even the support of their powerful underwriters. Will it be the moonshot of the year? No. But I see an "easy" 25% minimum here short-term and nice support beyond.

Have a nice weekend. You won't be hearing from me again soon unless I post from Europe. Hang in there and we'll see you in the 40's or beyond. Please don't respond to this or I might answer before I leave. Nothing further to say on the subject for awhile. You've heard it all already. Hope you're making money. Over and out.