Sat, Sep 20, 2014, 4:57 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Barnes & Noble, Inc. Message Board

  • yaharata yaharata Jan 4, 2011 10:25 AM Flag

    200 days MV at $16.50. COVER NOW...

    Karen Finerman said yesterday- I am out of the short position.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I'm just not sure about you Yaharata. It's like you take a very strong position on BKS any time you hear news about it. Good or bad.

      The problem is, anytime you hear news, the play has already been made and it's too late. I've been saying for a month now that we'd see a big jump when we got the NOOK Color holiday numbers in. This isn't a surprise (though I'd be surprised if it beaks far about $16.25ish).

      If I played the short market (which I don't) I'd be shorting at the end of tomorrow. On Friday BKS ended @ $14.15/share. Now suddenly today when news announced what we already knew (that NOOK Color was selling well) the stock is up almost $2/share?! That's over reaction. Look for it to settle back down near $15 - $15.30ish by mid next week at the latest.

      Unless we hear of another buyout, which is what I'm guessing people are jumping back onboard about. Good numbers = better chance of another offer. When it doesn't come in after a week it'll cool off.

      I'm making a killing over in BestBuy stock that I got onboard on 12/21 @33.65 (now $35.20) buy I'm guessing by January end I'll vacate my position there. I'm predicting (hoping) we see BKS back near $14.50 by that time. At which time I'll be jumping back onboard for the ride to $18 by the end of Feb.

    • Cool! Nice to see the street getting excited about BKS!

      What polar opposites when you compare the news out on BKS and BGP.

 
BKS
21.27-0.97(-4.36%)Sep 19 4:06 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.