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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (15061)	5/24/1999 12:26:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 56537

ZD comparison. ZD was down to its 2-week low 2 days before its IPO so traders DO dump prior to the big day. Then that dumping creates a mini panic drop. ZD was the best buy at that point as it went up 7 points in the next 24 hours. Sure hope that happens for BKS now. Certainly possible. I see almost no downside from here with the re-pricing at about $18 and approx. $1,000,000,000 added to BKS from the IPO shares. Still this is all disturbing and puzzling. Best thing to do is just hang in there. Next time we check it may be back up two or three points.