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Technology Stocks : Booking Holdings (formerly Priceline)
BKNG 5,302+0.4%Dec 12 3:59 PM EST

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To: grogger who wrote (1958)11/4/1999 10:12:00 PM
From: Victor Lazlo  Read Replies (1) of 2743
 
Priceline is a middleman, an unnecessary cog in an inefficient process. What pcln does is simple no-brainer, and soon the airlines and hotels will be doing this simple stuff themselves on their own sites.

Why give a cut of the action to pcln? They're just a middleman, and the market is seeing that.

Where I live, the real estate brokers are starving, because there are too many brokers, and not enough houses going on the market. In fact, many houses are being successfully sold directly by the owners. The brokers are barely hanging on. Many are leaving the business.

PCLN is the same as any real estate broker.

Victor
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