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

To: Ralph Cosenza who wrote (1404)	5/25/1999 2:05:00 PM
From: Anaxagoras	Read Replies (1) \| Respond to of 1691

<<We may see a sell off near the end of the day. >> I doubt it. We're already beneath the 20 session bollinger band, we're at support, volume has slowed, and this isn't the kind of situation where a lot of day traders have piled on into the rising momentum and want to close by the end of the day. But again, we'll see. Sure hope I'm right (and I bet you do too!). But if it happens, it's down to the next window. ;-) Anaxagoras

To: Ralph Cosenza who wrote (1404)	5/25/1999 2:15:00 PM
From: American Spirit	Read Replies (2) \| Respond to of 1691

Shocking. Poster was right that nothing can be taken for granted in the market. BKS seemed like the sure play. Today should have been over $40 regardless of the rest of the market. But IPO backdoors are now officially dead as a trading strategy, except as for adding a precise amount of market share. BKS is certainly undervalued here so there is no sense selling unless you're in a "dump it all" mood. The only consolation here is that the stock won't go down after the IPO as it's already back to pre IPO news levels. (and worth about $5 a share more in BNBN stock/cash plus being freed from the BNBN R+D expenses). While I am very disappointing I am holding. I had a feeling this might happen as Goldman Sachs and Merrill put the BNBN shares into the hands of longterm investors (not traders) and kept BKS out of play as a short-term trading vehicle. Traders wil now be replaced by longer term investors who see value here as opposed to hype. My apologies to those who listened when I posted that BKS was "as close to a sure thing as you can get, easy 20% within 1-2 weeks. Turned out to be about 40% wrong).

To: Ralph Cosenza who wrote (1404)	5/25/1999 3:40:00 PM
From: Anaxagoras	Read Replies (1) \| Respond to of 1691

My hat's off to ya; yours was the better call. :-( Anaxagoras