Booking Holdings (formerly Priceline) Message Board

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Technology Stocks : Booking Holdings (formerly Priceline)

BKNG 5,050

-0.5%

Nov 14 9:30 AM EST

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To: Marilyn T who wrote (2542)	2/28/2001 7:51:22 PM
From: Victor Lazlo	Read Replies (1) of 2743

Hi Marilyn at what price did you buy in? I think pcln could edge up some more but the bus model does not work without a huge stock price. That is becuase they were buying inventory with stock warrants, basically a legal paramid scheme. Inevitably, the suppliers (hoteliers and airlines) began selling their huge stock grants into the public float. And now it is a penny stock. The fact that pcln had to buy inventory with inflated stock reflects the fact that they have no proprietary advantage at all. If they did, the suppliers would be lining up at their door. This is not the case and never has been the case. PCLN has shown complete disregard for cust service (but so does AOL) and their finaicial projections have never been more than a sad joke. At this point, I think they are enjoying a prolonged dead cat bounce. I have posted on this thread steadily in the past always with negative predictions, because it was always clear to me that many small, everyday investors were lured into PCLN by the sizzle and meanwhile sleezeball J. Walker was pulling financial tricks with the stock, etc., and basically ripping people off to the full extent he could. Marilyn I hope you enjoyed my highy opinionated, dour dribble ! Victor

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