The pattern of this stock tends to indicate big
money players use BKS volatility to squeeze small time
investors. (They played them like a fiddle with the IPO.)
BKS management seems to support the effort of the big
money players by posting bogus early financial warnings
IMHO BKS is heading to at least the low 20s and is
going to be < 35.00 for a long time.
game is over please insert another 4,000.00 to play
Sorry to see her leave too, although I'm not
surprised. Her last post was right about the time BKS
I followed up her lead about the Polish market.
Actually things do look good. I picked up 3 stocks for my
long term account (TPSA the phone company, and 2
banks- WBK and PEKAO).
And I think I know what
she meant with the smokingman reference. If you know
the stock is being manipulated, like what happened
when the May series expired, you should go with it. I
got some May 30 calls when it was at 33 (I yjink it
was on the Wed.), as I thought the stock would finish
at 35. On the Friday PM, I loaded up with June 35
puts and got rid of the calls. Sold most of the puts
along the way, but still have 30 left. Will sell half
around 27 1/2, and the others around 26. It sure beats
Looks like rest of board is
finally coming around my feeling of BKS at
CruelSister moved to the HAL board before leaving
here and in one of her last messages made some
recommendations about investing in Poland, etc. Sorry to see her
leave. She had a keen knowledge of options trading and
was very perceptive in a comment about Jay Shartsis'
article "Roosters and Canaries-Early warning in the
options market," BARRONS, May 24, 1999.
her, I'm following your posts with interest because I
have a lot to learn (I followed both hers and yours
before). Also doing extra reading to improve my investing
IQ. I am a quick learner. In one of her posts,
CruelSister said that if I followed the market I might have
the SmokingMan work for me. I never quite figured out
the meaning. I would prefer to learn from your posts.
Whether BKS sells its BNBN shares or not, now
that BN.COM is publicly traded, its losses do not
appear on BKS financials.
But it is unlikely that
B&N will sell its BNBN shares. For BN.COM's customers
to "accrete" to the mother company's brand, the
mother company has to retain control to prevent me :-)
from buying up controlling interest in BN.COM and
changing its name to "Harkabeep's Bodacious Books" and
competing directly against B&N.
And welcome aboard! I agree with you completely
and will not abandon this company at this point. Now
we need some big news; an acquisition, European bnbn
activity with Bertlesmann or the Ingram completion would
all be examples.
Stay with us, it shoudl be a
Goodness knows we've been taxiing
Good luck to all longs! Good bye
to all shorts!
LOng term stock holder may not want to sell if
they see there investment going somewhere.This stock
is very disapointing.I am long on this stock bks not
bnbn it would be nice to see some progress forward.The
wall street sharks are chewing up this stock and it is
time for mgt to toot it's own horn.Thanks for your
insight have a good weekend.
lack of supply. Think of beanie babies or
whatever. If people don't put in market or limit sell
orders then the supply is limited. Lack of supply =
demand. In other words, don't lose it mentally and sell
because you can't stand not being able to chase another
Hopefully all the day traders have sold out, lost their
shirts and moved on to lose somewhere else. If people
would just hang in there and quit fixating on why the
price hasn't gone up in the last 15 minutes we would
all be better off.
If you can't stand it then
be like all the others, sell out now and lose. If
you wait you will be rewarded, but it might take a
couple of months. This stock is currently undervalued
and oversold by short term traders. The job of
management is to run the company, and not to spend all day
long trying to manipulate the stock price so someone
can get their money back in one week.
question that Bezo's is a stock hyper for his own company.
Everyone knows that. But sooner or later he's got to make
I don't care how many web sites he buys. If they
all lose money all he has is a bunch of money losing
web sites. If you like that approach then go buy
My collage days are a haze but I thought
type of accounting is preferred to have benifit in
I think lost transfered
is in paper only and it is not actual money out of
BKS. (feel free to correct me)