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


To: Scott who wrote (1207)5/15/1999 2:49:00 PM
From: American Spirit  Read Replies (2) | Respond to of 1691
 
Whatever the system is called where you can watch the bids and asks as they appear. Anyway, certain patterns do emerge but who knows whether or not they'll continue. It was a weird week last week, that's all I can say. BKS stuck between 34 and 36 with little volumn. Not even one little spike to 36 1/2. Nor one tick to 33 7/8. Absolutely boxed-in. I have speculated but we have to admit we are all perplexed and hoping for clarity (the upward kind) to reward us for our patience. Certainly we know what this stock is capable of doing in the special situation it's now in. And it would seem that our 34 base is strong and that a coiled spring pop is overdue.

I'm lucky to be going to Europe now and will not have to check the stock every hour. I'll wait for Thurs-Fri then start monitoring either on the internet or through Fidelity in Paris. Certainly we should be out of the box by then and sitting on a higher base, maybe 38+, from where we can spike up into the IPO date and beyond.

Sorry if my posts made anyone nervous. I was just interpreting from the limited info I had. Only those in the underwriters' board rooms really know what's being planned. But I know they intend to make a lot of money off BKS and BNBN both. In other words, they WANT the price to start rising now.

Traders and larger block investors will come in when the IPO is announced, re-priced and they see the price start to move. Momentum brings more momentum. It could happen very quickly. When it does happen BKS can cut through the upper 30's like butter and pop right into the 40's. With enough volumn we can not only get there but stay there, assuming the BNBN news is all bullish and BKS impresses the street with its expanding longrange plans. Taking out the old high of 47 is a definite possibility.

Au revoir.




To: Scott who wrote (1207)5/15/1999 6:50:00 PM
From: xcr600  Respond to of 1691
 
There is no level 2 for listed stocks. There is a simple reason why this thing doesn't move: there is no volume!! Goting to need 1mln+ shares a day to drive the price up. Plain and simple.

My guess is we won't see a spike until a day or two before the ipo. 40 if we're very lucky.

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