advance and it looks like a bunch are taking profits or cutting loses from their purchases at 45-48. It seems like it would be wise to hold untill after the IPO to see what this will add to the bottom line and then won't BKS still have a major stake in it? Pretty new to this stock trading so forgive me if this sounds basic. There were a couple of you that had a feel for this and I would like to learn more!! Thanks in advance
It's a good thing if you own (or soon will own) BKS. Their profits and revenues are strong and continue to grow, the web revenue (or lack of it) has been dragging down the corporate element for months and the opportunity for making profits on the web is still a long way off, no matter what Amazon may say.BKS at 50 by October! I'm not sure the IPO is worthwhile, unless you own it for the first 30 minutes of trading (just kidding). But long term there will be a lot of retail IPO's and this one may start with a bang and get lost over time. Stay tuned, we'll see.