Barnes & Noble shot up 11% today

I first introduced Barnes & Nobles (BKS) half a year ago when it was traded around $12. Similar to what I was thinking about Yahoo, I thought BKS was a good bargain at that level and could be a good long-term investment. Well, BKS did not disappoint me. It has advanced 25% since I discussed it and today it surged $1.55, or 11.5 percent, to $15.06 after chairman Leonard Riggio said he wanted to back control of the company's retail business. Of course it could be volatile along the way but its trend is clear up.