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

To: American Spirit who wrote (1407)5/25/1999 2:23:00 PM
From: SwampDogg  Read Replies (1) | Respond to of 1691
 
"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."

BNBN will be picked up by traders at some point.



To: American Spirit who wrote (1407)5/25/1999 2:23:00 PM
From: Ralph Cosenza  Respond to of 1691
 
I look at this as an analogy.....If I have $10 in my wallet would I sell my wallet along with its contents for $7. The answer is no....
If you are daytrading BKS then you wont make alot today, unless you shorted at the open of course. IMO, all parent companies sell off the day when the subsidiary goes public.....I cant remember the last parent company that went up.


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