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

To: LTK007 who wrote (1202)	5/14/1999 8:10:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 1691

Good buy. No "Smoking Man" is merely the name the Level 2 guys on Yahoo give whoever seems to be boxing in the stock tightly with large buy orders at 34 3/8 and sells at 35 3/8 (approximately) over the past week. We'll never know if it's the underwriters or whomever but "he" has bottled the stock below his sell price and kept it from going under his buy price. It's actually irrelevant who it is now as we head into the last week before the IPO. The point is this "person" seems to have a steady modus operandi which has kept the stock from popping thereby keeping momentum traders (as almost all are) out of the game for now. - I'm not paranoid I just remember reading a recent Goldman Sachs news release which stated clearly that they didn't want their IPO's (and mother stocks apparently) taken for rides (up or down) by day-traders. It is their policy. It's my speculation therefore that BKS agreed (so as not to suffer what DBCC went through (14 to 47 then back down to 14) around its IPO date. Day-traders are known to cause this extreme volotility both long and short and GS may be doing something to stop it. If so, it's working. Their actions may also be keeping other institutional buyers out for now. They don't want to F with GS and Merrill, I presume. I don't have any other theory. Some say it's low volumn because "no one's interested in the stock". I find that preposterous at this juncture. If the volumn was high months ago why would it dry up now at this key time in BKS history? And this argument about BKS and BNBN being losers compared to Amazon, or that all net stocks stink is another I can't swallow. There is simply no other explanation IMHO. If anyone else has one, please present it but try to make sense. - In any case it doesn't really matter. Hopefully this boxing in will stop soon or be overrun by major investor interest. Clearly GS and Merrill want BKS to go way up eventually, so they will let it (and actively promote it). They have more at stake here than any of us. Then we will see how the market (including traders) really values this stock. - Again, good buy. Don't listen to the naysayers. At $34 and change you've got a winning investment both short and long term so long as the IPO remains on track and the sky isn't falling. Have a nice weekend.