Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 4,784

-0.4%

3:59 PM EST

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To: jef saunders who wrote (2396)	8/6/2000 12:15:22 PM
From: Victor Lazlo	Read Replies (2) of 2743

<<interesting, but once again you're making an assumption. you're assuming that the "minimum price" is static. if the minimum price is fluid, then there's no such thing as a minimum price, other than a minimum price for the moment. i like it. >> Jeff what makes you think the min price is fluid? These co's providing inventory are not in this to lose money!! They get PCLN stock warrants and options, etc., to provide pcln with inventory. This allows them to sell a bit below market prices via PCLN, but even so, no way are they going to lose money on the sell part of the process just to make pcln look more like a "real" auction site. In any event the dwindling stock price and its lack of a bounce during the summer rally, as well as the founder's selling a big chunk of his stock recently (to fund a co that will compete w/PCLN) all show that the scheme is not working. Victor

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