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Technology Stocks : priceline.com Inc. (PCLN)
PCLN 25.43-0.7%Oct 30 4:00 PM EDT
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To: OFW who wrote (37)4/28/1999 4:15:00 PM
From: George Gotch  Read Replies (1) of 55
 
Speak for your self on that "we are not drinking beer here" supply and demand is the same for all products whether it be stocks or beer. The difference is intrinsic value. What it the value of something if there is no market to sell it. With a company like GE there is land, equipment etc..Book value. Or discount to present value cash flows. With nets it is hype. No book, no revenues etc so where is the bottom? This is the danger is the gap from market to intrinsic. Some of those gaps are 95%.
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