Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 4,784

-0.4%

Nov 18 3:59 PM EST

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To: jef saunders who wrote (2394)	8/4/2000 6:41:12 PM
From: Victor Lazlo	Read Replies (1) of 2743

<<if submitted at the same time, true. but if there's enough supply, then we both get filled. for me not to get filled, all the airlines seats would have to be selling above $145. again, i think it's more of a supply issue than a demand issue. if we both get filled, then you spent $5 more for the ticket than you had to. >> I think the real issue is the pre-set minimum price of pcln's inventory, below which you will not get the goods. The stuff has pre-set min prices, the amount of which is unknown to "bidders". So if the min price is $146, then 145 ain't good enough, no matter how many people "bid" 145. It's not really an auction at all, it's a guessing game to try to find out where the min price is. For example I have read that on pcln the min price that will be accepted for airline tickets is 70% of the lowest available fare. Victor

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